THE PROSPECT AND CHALLENGES OF COST ACCOUNTING FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
- 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 PROSPECT AND CHALLENGES OF COST ACCOUNTING FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
This study explores the prospects and challenges associated with cost accounting for small and medium-sized enterprises (SMEs) in Kano. The objectives are to evaluate the role of cost accounting in financial management, assess its impact on cost control, and identify the challenges faced by SMEs. A survey design was utilized, gathering data from 200 financial managers and cost accountants in SMEs, derived using Taro Yamane's formula. A case study of a prominent SME in Kano provided detailed insights. The reliability coefficient score was 0.86. Findings indicate that cost accounting plays a crucial role in SME financial management by providing detailed cost information and facilitating better decision-making. However, challenges such as limited resources and complex regulations were identified. Recommendations include providing more training for SME accountants, simplifying regulatory requirements, and integrating cost accounting with overall financial management practices to improve organizational effectiveness.
Related Project Materials
An assessment of genetic predisposition to obesity in Nkanu West Local Government Area, Enugu State
Background of the Study
Obesity is a multifactorial condition influenced by lifestyle, environmental, and genetic factors....
ORGANIZATIONAL CULTURE AND ITS EFFECTS ON EMPLOYEE PERFORMANCE
EXCERPT FROM THE STUDY
People are constantly surrounded by culture (often invisible) that forms the background of their...
CONFLICT MANAGEMENT AN IMPETUS FOR EFFECTIVE PERFORMANCE IN AN ORGANIZATION (A Case Study Of Union Bank of Nigeria)
BACKGROUND OF THE STUDY
The general view of managing conflict in an organization such as Union Bank of Nigeria Plc, the...
Optimization of Bioinformatics Workflows for Studying the Microbiome in Nigerian Populations: A Case Study of Taraba State University, Jalingo, Taraba State
Background of the Study
The human microbiome significantly influences health and disease, yet its complexity poses challen...
An investigation of climate change adaptation strategies among coastal communities in Ogbia Local Government Area, Bayelsa State
Background of the Study
Coastal communities are increasingly vulnerable to the adverse effects of climate...
THE EFFECT OF JOB ROTATION ON EMPLOYEES PERFORMANCE
ABSTRACT
This project tests three possible explanations for why firms adopt job rotation: employee learning (rotation ma...
An Appraisal of Morphological Variation in Nigerian Newspaper Language: A Study of Regional Lexical Choices
Background of the Study:
Newspaper language in Nigeria reflects the country’s linguistic diversity, where regional va...
Quantitative Analysis of Environmental Accounting Disclosure Under IFRS in Nigeria
Background of the Study
Environmental accounting disclosure refers to the process of reporting environmental costs, risk...
Assessing the Role of Regulatory Frameworks in Enhancing Risk Management in Nigeria
Background of the Study
Regulatory frameworks play a pivotal role in shaping risk management practices across industries....
THE EFFECTS OF EARLY CHILDHOOD EDUCATION ON FAMILY FINANCIAL PLANNING
ABSTRACT: The effects of early childhood education on family financi...
