THE ROLE OF COST ACCOUNTANTS IN COST REDUCTION AND EFFICIENCY IMPROVEMENT
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE ROLE OF COST ACCOUNTANTS IN COST REDUCTION AND EFFICIENCY IMPROVEMENT
This research explores the role of cost accountants in cost reduction and efficiency improvement in manufacturing companies in Abuja. The study's objectives are to evaluate how cost accountants contribute to cost reduction efforts, assess their impact on financial performance, and identify the challenges faced. A survey design was employed, gathering data from 250 financial managers and cost accountants, derived using Taro Yamane's formula. A case study of a leading manufacturing company in Abuja provided detailed insights. The reliability coefficient score was 0.88. Findings reveal that cost accountants play a crucial role in cost reduction and efficiency improvement by providing detailed cost information, identifying cost-saving opportunities, and facilitating better decision-making. However, challenges such as resistance to change and high implementation costs were identified. Recommendations include providing more training for cost accountants on cost reduction strategies, simplifying processes, and integrating cost accounting with overall financial management practices to enhance organizational performance.
Related Project Materials
SOCIAL MEDIA AS AN EFFECTIVE COMMUNICATION AND FEEDBACK PLATFORM FOR PUBLIC RELATIONS
ABSTRACT
The core objective of this research was to examine the influence of Social Media as an effective communication...
AN INVESTIGATION INTO THE CAUSES OF PREMARITAL SEX SECONDARY SCHOOL GIRLS AND ITS IMPACT ON THEIR ACADEMIC ACHIEVEMENTS
ABSTRACT
The research work focuses on the causes of Premarital Sex among Secondary School Girls and Its...
AN ANALYSIS OF THE USE OF TESTIMONY AS A MEANS OF PROOF IN NIGERIA
ABSTRACT
It is natural and common in human society to have between individuals a kind of dispute that may probably arise. Islamic Law had...
THE EFFECT OF TEACHING AIDS ON TEACHING AND LEARNING IN SOME SELECTED PRIMARY SCHOOLS
ABSTRACT
In this project, the researcher explained the affect of teaching aids on teaching and learning in some sele...
PERCEPTION OF BANK CUSTOMERS ON CBN'S CASHLESS POLICY IN NIGERIA
Abstract
The study was carried out on perception of bank customers on CBN's cashless policy in Nigeria. The Central...
IMPACT OF EXPERIENTIAL LEARNING ON ADULT LEARNERS
Abstract: This research examines the impact of experiential learning on adult learners. The study aimed to explore how hands-on, practical lea...
A COMPARATIVE ANALYSIS OF COMPUTERIZED ACCOUNTING SYSTEM AND MANUAL ACCOUNTING SYSTEM
ABSTRACT
This research study is a comparative analysis of computerized accounting syst...
HERMENEUTICAL STUDY OF JONAH IN THE LIGHT OF JONAH- IT’S RELEVANCE TO COMTEMPORARY NIGERIA
Background of study
The book of Jonah is an Old Testament book composed of four chapters with forty-eight verses. The b...
DESIGN AND IMPLEMENTATION OF SOFTWARE FOR TRACKING STUDENT PROFILE
ABSTRACT
Forgery has long crept into our educational system and, counterfeit and forged certificate and document hav...
ASSESSMENT OF THE PROFITABILITY OF IMPROVED AGRICULTURE AND ITS RELATIONSHIP TO POVERTY STATUS
ABSTRACT
Sustainable increase in honeybee production and productivities is sine qua non to bridge honey...
