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
COMPARATIVE ANALYSIS OF EDUCATION/ECONOMICS AND ECONOMICS STUDENTS PATTERN OF CARRYOVER
Abstract
Education is the best legacy a nation can give to her citizens especially the youth. This is because the devel...
STRATEGIES FOR PROMOTING INDUSTRY PARTNERSHIPS IN VOCATIONAL SCHOOLS
Abstract: This study explores strategies for promoting industry partnerships in vocational...
EVALUATION OF THE IMPLEMENTATION OF THE BASIC SCIENCE CURRICULUM COMPONENT OF THE UNIVERSAL BASIC EDUCATION PROGRAMME IN SOUTH-WEST, NIGERIA
ABSTRACT
Most people suffer avoidable health hazard because they lack basic knowledge of science. The old Integrated Science curriculum f...
LEARNING ENVIRONMENT AND STUDENTS' ACADEMIC PERFORMANCE IN PUBLIC SCHOOLS
ABSTRACT
This research work centered on the influence of learning environment on the academic performance of students in...
GOVERNMENT POLICIES ON NON-OIL EXPORTS (AGRICULTURE) AND THE GROWTH OF THE NIGERIA ECONOMY
ABSTRACT
Nigeria given her natural resource base and large market size qualifies to be a world leading...
THE CONTRIBUTION OF BANK OF INDUSTRY (BOI) TO INDUSTRIAL DEVELOPMENT IN NIGERIA (1980-2010)
BACKGROUND OF THE STUDY
Industrial financing organizations have undergone a structural transformation during the last three decades in mo...
WOMEN EMPOWERMENT IN NIGERIAN POLITICS: (CASE STUDY OF UDI LOCAL GOVERNMENT AREA)
Abstract
This study or research on women empowerment in Nigerian politics is divided into five (5) chapters. The first chapter is on the...
THE EFFECT OF MERGER AND ACQUISITION ON THE GROWTH OF AN ORGANIZATION
ABSTRACT
The main focus of this study is to examine the effect of merger and acquisition on...
CHALLENGES FACING MEDIA IN DISSEMINATION OF INFORMATION IN NIGERIA
ABSTRACT
The objective of this study is focused on a review of challenges facing media in dissemination of informat...
THE EFFECT OF REINFORCED CONCRETE ON SAFETY OF RESIDENTIAL BUILDINGS IN NIGERIA
INTRODUCTION
Residential Building: This is defined as the building which sleeping accommodation i...
