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
ANALYSIS OF THE PROHIBITION OF SAME SEX MARRIAGE UNDER NIGERIAN LAW
ABSTRACT
Marriage as an institution has been for ages the image of unity despite differences in culture, religion and civilization, and t...
EXAMINATION OF THE RELATIONSHIP BETWEEN ENVIRONMENTAL COST MANAGEMENT AND CORPORATE RESPONSIBILITY
Abstract:
This research explores the role of environmental cost management in promoting corporate respo...
DUTY OF CARE: ITS IMPLICATIONS TO THE MEDICAL PROFESSION IN NIGERIA.
ABSTRACT
The Medical field is one of the most referred and reverenced profession in that it deals with the lives of huma...
GLOBALIZATION AND THE NIGERIAN ECONOMY: THE BABANGIDA PERIOD
ABSTRACT
This study was carried out to examine Globalization and the Nigerian economy the Babangida per...
THE ROLE OF INTERNATIONAL ACCOUNTANTS IN FORENSIC INVESTIGATIONS
THE ROLE OF INTERNATIONAL ACCOUNTANTS IN FORENSIC INVESTIGATIONS
ABSTRACT
This research aims to explore (1) the role of interna...
ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)
ABSTRACT
This study estimated price and income elasticities of energy demand in Nigeria. The objective of the study was to examine the re...
THE ANALYSIS OF THE IMPACT OF VALUE ADDED TAX ON REVENUE GENERATION IN NIGERIA (2000–2009)
BACKGROUND OF THE STUDY
Prior to 1993, only very little was known of Value Added Tax (VAT) in Nigeria....
THE INFLUENCE OF BIG DATA ON BUSINESS ANALYTICS
Abstract: THE INFLUENCE OF BIG DATA ON BUSINESS ANALYTICS
This study investigates the influence o...
ASSESSING THE EFFECTIVENESS OF NATIONAL EMERGENCY MANAGEMENT AGENCY ON COMMUNITY BASED INTERNALLY DISPLACED PERSONS IN SELECTED COMMUNITIES OF BAUCHI STATE, NIGERIA 2015-2016
ABSTRACT
Displacement of Persons resulting from human conflicts is becoming an issue of global concern. Many Internally Displaced Persons...
BACTERIAL FORAGING ALGORITHM BASED TUNING OF ON-LOAD TAP CHANGING TRANSFORMER FOR VOLTAGE REGULATION IN POWER TRANSMISSION NETWORK
ABSTRACT
The control of voltage level has been identified as one of the most important operational
needs for...
