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MANAGEMENT ACCOUNTING TOOLS FOR DECISION SUPPORT

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: Available
  • Recommended for : Student Researchers
  • NGN 3000

Abstract:

This research explores the use of management accounting tools for decision support in Lagos State, Nigeria. The objectives are to: (1) assess the effectiveness of various management accounting tools in improving decision-making, (2) evaluate their impact on organizational performance, and (3) analyze the challenges of implementing these tools. A survey design was employed to collect data from financial managers and corporate decision-makers. The sample size, determined using Taro Yamane's formula, ensures statistical significance. MTN Nigeria was chosen as the case study due to its use of diverse management accounting tools. The reliability coefficient score of the survey was 0.93. Findings reveal that management accounting tools significantly enhance decision-making and organizational performance, although challenges such as tool selection and integration were identified. It is recommended that companies in Lagos State adopt a range of management accounting tools and provide training to improve decision support and organizational outcomes.





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