THE ROLE OF MANAGEMENT ACCOUNTING IN INNOVATION MANAGEMENT
- 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 study explores the role of management accounting in innovation management in Lagos State, Nigeria. The objectives are to: (1) evaluate how management accounting practices support innovation initiatives, (2) assess their impact on organizational creativity and competitiveness, and (3) analyze the challenges of integrating management accounting with innovation management. A survey design was chosen to gather data from financial managers and innovation officers. The sample size, calculated using Taro Yamane's formula, ensures representativeness. Access Bank Plc was selected as the case study due to its emphasis on innovation and management accounting integration. The reliability coefficient score of the survey was 0.93. Findings indicate that management accounting significantly supports innovation initiatives, enhancing organizational creativity and competitiveness. However, challenges such as data integration and alignment of accounting practices with innovation goals were identified. It is recommended that companies in Lagos State integrate management accounting practices with innovation management to foster creativity and competitiveness.
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