THE IMPACT OF COST ACCOUNTING FOR NON-PROFIT ORGANIZATIONS
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Abstract: THE IMPACT OF COST ACCOUNTING FOR NON-PROFIT ORGANIZATIONS
This study investigates the impact of cost accounting on the financial management of non-profit organizations in Abuja. The objectives are to analyze how cost accounting supports financial transparency and accountability, evaluate its role in budget management, and identify the challenges faced by non-profits. A survey design was utilized, gathering data from 200 financial managers and accountants in non-profit organizations, derived using Taro Yamane's formula. A case study of a prominent non-profit organization in Abuja provided detailed insights. The reliability coefficient score of the survey instrument was 0.88. Findings indicate that cost accounting significantly enhances financial transparency and accountability by providing detailed cost information and facilitating better budget management. However, challenges such as limited resources and complex regulations were identified. Recommendations include providing more training for non-profit accountants, simplifying regulatory requirements, and integrating cost accounting with overall financial management practices to improve organizational effectiveness.
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