THE IMPACT OF MANAGEMENT ACCOUNTING FOR PROJECT MANAGEMENT
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Abstract:
This research explores the impact of management accounting on project management in Lagos State, Nigeria. The objectives are to: (1) assess how management accounting practices support project planning and execution, (2) evaluate their impact on project performance and outcomes, and (3) analyze the challenges faced in integrating management accounting with project management. A survey design was employed to collect data from project managers and accountants. The sample size, determined using Taro Yamane's formula, ensures statistical validity. Julius Berger Nigeria Plc was chosen as the case study due to its extensive project management activities. The reliability coefficient score of the survey was 0.93. Findings reveal that management accounting significantly supports project planning and execution, enhancing project performance and outcomes. However, challenges such as data accuracy and integration of accounting practices were noted. It is recommended that companies in Lagos State integrate management accounting practices with project management to improve project performance and outcomes.
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