0704-883-0675     |      dataprojectng@gmail.com

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 5000

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

THE IMPACT OF EARLY CHILDHOOD EDUCATION ON LATER ENTREPRENEURIAL SKILLS

 ABSTRACT: This study examined the impact of early childhood education on...

Read more
AN ASSESSMENT OF CYBERSECURITY BREACHES AND FORENSIC ACCOUNTING RESPONSES

Abstract: AN ASSESSMENT OF CYBERSECURITY BREACHES AND FORENSIC ACCOUNTING RESPONSES

This study assesses the responses of forensic account...

Read more
IMPACT OF SUPERVISION ON THE MANAGEMENT OF SECONDARY SCHOOLS IN NORTH-EAST GEOPOLITICAL ZONE, NIGERIA

ABSTRACT 

This study focused on the Impact of Supervision on the Management of Secondary Schools in North-East Geo-Political Zone, N...

Read more
EVALUATIVE STUDY OF TEACHING AND LEARNING ENGLISH GRAMMATICAL STRUCTURES IN SOME SELECTED PRIMARY SCHOOLS

ABSTRACT

 

This research work is concerned with the evaluative study of teaching and learning of English grammatical struc...

Read more
The Impact of Stress Management Education on Blood Pressure Control Among Hypertensive Nurses in University of Port Harcourt Teaching Hospital

Background of the Study

Hypertension, commonly known as high blood pressure, is a prevalent condition that significantly...

Read more
PHYTOCHEMICAL AND SOME PHARMACOLOGICAL STUDIES OF THE LEAF OF OCHNA RHIZOMATOSA (VAN TIEGH.) KEAY [OCHNACEAE]

ABSTRACT

The extract of the leaf of Ochna rhizomatosa (van Tiegh.) Keay [Ochnaceae], a plant used in the treatment of malaria in Northern...

Read more
DELINEATING AND INTERPRETING THE GOLD (MINERALISATION) VEINS AROUND BIDA AND ZUNGERU AREA OF NIGER STATE, NIGERIA USING AEROMAGNETIC AND RADIOMETRIC DATA

ABSTRACT

Both Airborne Magnetic and Radiometric dataset were employed to interpret the geology and geological structures that serve as ho...

Read more
THE EFFECTIVENESS OF COMPETENCY-BASED ASSESSMENT IN TECHNICAL SCHOOLS

Abstract: The effectiveness of competency-based assessment in technical schools is crucial...

Read more
An Assessment of Land Use Policies on Urban Expansion in Ilorin West Local Government, Kwara State

Chapter One: Introduction

1.1 Background of the Study

Land use policies play a critical role in managing urban expansion and en...

Read more
ADDRESSING CHALLENGES IN ASSESSING HANDS-ON SKILLS IN TECHNICAL PROGRAMS

Abstract: Assessing hands-on skills in technical programs is crucial for ensuring that stud...

Read more
Share this page with your friends




whatsapp