THE IMPACT OF COST MANAGEMENT ON FINANCIAL PERFORMANCE
- 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 IMPACT OF COST MANAGEMENT ON FINANCIAL PERFORMANCE
This study examines the impact of cost management on financial performance with objectives: (1) to evaluate the effect of cost management on profitability; (2) to identify effective cost management practices that enhance financial performance; (3) to understand the challenges in implementing cost management strategies. A survey design is justified for this study to gather broad quantitative data. Using Taro Yamane's formula, a sample size of 320 respondents from Sokoto is selected, representing various business sectors. A manufacturing firm is chosen as the case study due to the significant impact of cost management on its financial performance. The survey instrument has a reliability coefficient score of 0.86. Findings indicate that effective cost management practices, such as budgetary controls, cost-benefit analysis, and variance analysis, significantly improve financial performance. However, challenges include the complexity of implementing these practices and resistance to change. It is recommended that businesses invest in cost management training, adopt advanced cost management tools, and continuously review and adjust their cost management strategies to enhance financial performance.
Related Project Materials
PUBLIC RELATIONS PRACTICE AND CORPORATE IMAGE OF NIGERIA IMMIGRATION SERVICE
ABSTRACT
This study was carried out to examine the public relations practice and corporate image of Nigeria Immigrat...
AN INVESTIGATION ON THE IMPACT OF NITROGEN FERTILIZER AND PLANT SPACING ON TWO PASTURE GRASSES (brachiaria decumbens and digitaria decumbens )
INTRODUCTION
Forage and fodder crops are essential to the productivity of Nigeria's domestic ruminant populati...
AN INVESTIGATION OF STUDENTS AWARENESS IN THE 18+ WARNING SIGN ON ALCOHOL ADVERTISEMENTS IN NIGERIA TERTIARY INSTITUTION
Background to the Study
It is possible that alcohol is the substance that is used the most often by teenagers. It is a p...
PERSPECTIVES OF YOUTH ON UNEMPLOYMENT IN NIGERIA: VOICES FROM ALAUSA/IKEJA
ABSTRACT
The objective of this study was to assess the perspectives of youth on unemployment in Nigeria using Alausa/ike...
EFFECTS OF UNEMPLOYMENT ON THE SOCIAL DEVELOPMENT OF YOUTH IN IJEBU ODE
Background To The Study
Unemployment is a global phenomenon, but it is more prevalent in most de...
INFLUENCE OF PUBLIC ENLIGHTENMENT PROGRAMMES OF THE FEDERAL ROAD SAFETY COMMISSION ON COMMERCIAL DRIVERS’ BEHAVIOUR IN URBAN CENTRES IN SOUTHWESTERN, NIGERIA
ABSTRACT
Commercial vehicle drivers‘ behaviour on urban roads serves as the primary cause of most Road Traffic Accidents (RTAs). Th...
THE IMPACT OF COUNSELING SERVICES ON ACADEMIC PERFORMANCE OF SENIOR SECONDARY SCHOOL STUDENTS
BACKGROUND TO THE STUDY
Academic performance of Nigerian secondary school students has been a source of concern because...
OFFICE TECHNOLOGY SKILLS PREFERRED BY EMPLOYERS IN SOME SELECTED BUSINESS ORGANIZATION
ABSTRACT
This research work was carried out on the office technological skills preferred by emp...
IMPACT OF SELF CONCEPT, BODY DISSATISFACTION AND GENDER ON STUDENT'S FEAR OF NEGATIVE EVALUATION
ABSTRACT
The present research aimed to examine the differences in self-concept, body dissatisfaction and gender on stude...
ASSESSMENT OF AVAILABILITY AND UTILIZATION OF E-LEARNING TECHNOLOGIES IN BUSINESS EDUCATION PROGRAM IN TERTIARY INSTITUTION
Abstract
Although the Government is committed to implementing ICT in education, the process seems to be hindered by a n...
