THE EFFECT OF COST ACCOUNTING ON INVENTORY VALUATION AND CONTROL IN REAL ESTATE
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract: THE EFFECT OF COST ACCOUNTING ON INVENTORY VALUATION AND CONTROL IN REAL ESTATE
This study examines the effect of cost accounting on inventory valuation and control within the real estate sector in Lagos. The objectives are to assess how cost accounting practices influence inventory valuation, evaluate their impact on inventory control, and identify the challenges faced. A survey design was employed, with data collected from 200 financial managers and accountants in real estate companies, derived using Taro Yamane's formula. A case study of a leading real estate firm in Lagos provided comprehensive insights. The reliability coefficient score was 0.86. Findings reveal that accurate cost accounting practices significantly enhance inventory valuation and control by providing detailed cost information and facilitating better decision-making. However, challenges such as complex regulations and compliance issues were identified. Recommendations include providing more training on cost accounting for real estate professionals, simplifying regulatory requirements, and developing robust inventory management systems.
Related Project Materials
PRAGMATIC ANALYSIS OF SELECTED POLITICAL SPEECHES OF PRESIDENT MUHAMMADU BUHARI
ABSTRACT
This study was undertaken to identify the pragmatic acts of locution, illocution and perlocution of President Muhammadu Buhari&r...
Investigating the Ethical Challenges in Online News Reporting in Maiduguri Metropolitan Council, Borno State
Background of the Study
The rise of digital media has transformed the landscape of news reporting, with online platforms...
The Role of Training and Certification in Enhancing Audit Practices: A Case Study of ICAN in Nigeria
Background of the Study
Training and certification are pivotal in ensuring the competence and professio...
ASSESSMENT OF EARLY CHILDHOOD CARE EDUCATION PROVIDERS’ ADHERENCE TO THE PROVISIONS OF THE NATIONAL MINIMUM STANDARDS ON EARLY CHILDHOOD EDUCATION
ABSTRACT
The study was designed to find out the extent to which the Early Childhood Care Education prov...
AN APPRAISAL OF RECOGNITION AND ENFORCEMENT OF ARBITRAL AWARDS BY THE INTERNATIONAL CENTER FOR SETTLEMENT OF INVESTMENT DISPUTES (ICSID) IN NIGERIA
ABSTRACT
Nigeria is in a continuous quest to attract foreign direct investment (FDI) in order to support and sustain a decent economic gr...
Evaluation of the Adoption of Open Educational Resources in Secondary Schools in Offa Local Government Area, Kwara State
Background of the Study
The increasing cost of educational materials and the need for accessible and hi...
THE ROLE OF INFORMATION SYSTEMS IN STRATEGIC PLANNING
THE ROLE OF INFORMATION SYSTEMS IN STRATEGIC PLANNING Abstract: This study aimed to explore the role of info...
The influence of social networks on business expansion in Awka South Local Government Area, Anambra State
Background of the study
Social networks are increasingly recognized as vital for business expansion, particularly in envir...
AN ASSESSMENT OF STANDARD COSTING VERSUS ACTUAL COSTING METHODS IN BUILDING MATERIAL PURCHASE
Abstract: AN ASSESSMENT OF STANDARD COSTING VERSUS ACTUAL COSTING METHODS IN BUILDING MATERIAL PURCHASE
This study assesses the effective...
An Examination of Constitutional Law and Its Impact on Traditional Conflict Resolution Mechanisms: A Study of Wase Local Government Area, Plateau State
Background of the Study
Traditional conflict resolution mechanisms in Nigeria have pla...
