Abstract:
This study investigates the effect of outsourcing on management accounting functions in Lagos State, Nigeria. The objectives are to: (1) evaluate how outsourcing impacts the efficiency of management accounting activities, (2) assess the influence on cost management and reduction, and (3) analyze the challenges and risks associated with outsourcing management accounting functions. A survey design was chosen to gather comprehensive data from financial managers and accountants in various industries. The sample size, calculated using Taro Yamane's formula, ensures representativeness with a 95% confidence level and a 5% margin of error. Seplat Petroleum Development Company Plc was selected as the case study due to its significant outsourcing activities. The reliability coefficient score of the survey was 0.93. Findings indicate that outsourcing management accounting functions can significantly enhance efficiency and reduce costs but also introduces risks related to data security and quality control. It is recommended that companies in Lagos State develop robust outsourcing frameworks and conduct thorough due diligence to mitigate these risks and maximize the benefits of outsourcing.
EXCERPT FROM THE STUDY
The primary objective of a TSA is to ensure effective aggregate control over government cash bala...
ABSTRACT
This study was specially designed to find the problems and prospects of maize production in Kaduna State. In carrying out this s...
EXCERPT FROM THE STUDY
That there is a growing awareness of journalists on the FOIA. This is not coming as a surprise as journalists a lo...
ABSTRACT
THE IMPACT OF COST MANAGEMENT ON BUSINESS PROFITABILITY
This study aims to investigate the impact of cost management o...
ABSTRACT
Fourteen (14) sweet potato (Ipomoea batatas(L.)Lam.) clones, TIS.8441, ExIgbariam, TIS.86/0356, TIS.86/0306, TIS.2271, TIS.2532....
ABSTRACT: This study investigated the Impact of Early Childhood Education on Parental Employment Patterns. The ob...
BACKGROUND OF THE STUDY
The Fulani are the biggest ethnic group in the Sahel, with a population of 20 t...
ABSTRACT
The primary objectives of this study was to examine how the financial institution export finance in Nigeria using First Bank of...
BACKGROUND OF THE STUDY
Skill acquisition has a paramount place in Nigeria’s educational system today. No other ac...
Abstract: Strategies for promoting industry-specific competencies in vocational programs ar...