Role of Managerial Accounting Practices in Promoting SME Growth in Chikun LGA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Managerial accounting practices are crucial for the growth and sustainability of Small and Medium Enterprises (SMEs). In Chikun LGA, SMEs form the backbone of the local economy, contributing to job creation and economic development. However, many SMEs struggle with financial inefficiencies due to a lack of proper financial management tools. Managerial accounting practices such as cost analysis, budgeting, and performance evaluation can help these businesses improve profitability, reduce costs, and make informed decisions. This study explores how managerial accounting practices contribute to SME growth in Chikun LGA.
Statement of the Problem
Despite the significant contribution of SMEs to the economy of Chikun LGA, many small businesses face financial challenges, including poor cost management, inadequate financial planning, and lack of accountability. This often leads to poor profitability and eventual business failure. There is a gap in understanding the role of managerial accounting in addressing these challenges. This study aims to evaluate the impact of managerial accounting practices on the growth of SMEs in Chikun LGA.
Aim and Objectives of the Study
Aim: To evaluate the role of managerial accounting practices in promoting SME growth in Chikun LGA.
Objectives:
- To examine the current managerial accounting practices used by SMEs in Chikun LGA.
- To assess the impact of managerial accounting practices on the financial performance of SMEs in Chikun LGA.
- To identify the challenges faced by SMEs in implementing managerial accounting practices in Chikun LGA.
Research Questions
- What managerial accounting practices are commonly used by SMEs in Chikun LGA?
- How do managerial accounting practices affect the financial performance of SMEs in Chikun LGA?
- What challenges do SMEs face in adopting managerial accounting practices in Chikun LGA?
Research Hypothesis
- H₀: Managerial accounting practices do not significantly impact the financial performance of SMEs in Chikun LGA.
- H₀: There is no significant relationship between managerial accounting practices and the growth of SMEs in Chikun LGA.
- H₀: Challenges in adopting managerial accounting practices do not significantly affect the growth of SMEs in Chikun LGA.
Significance of the Study
This study will provide insights into how managerial accounting practices can enhance the financial performance and growth of SMEs in Chikun LGA, benefiting policymakers, business owners, and financial managers.
Scope and Limitation of the Study
The study will focus on SMEs in Chikun LGA and their adoption of managerial accounting practices. Limitations may include small sample size and challenges in accessing financial data from SMEs.
Definition of Terms
- Managerial Accounting Practices: Techniques used by business managers to plan, control, and evaluate financial performance, such as cost analysis, budgeting, and performance measurement.
- Small and Medium Enterprises (SMEs): Businesses that have a small to medium-sized workforce and annual revenue, contributing to local economic development.
- Financial Performance: A measure of a company's profitability, revenue, and overall financial health.
Related Project Materials
The Effect of Socio-Economic Disparities on Life Expectancy in Nasarawa State
Background of the Study
Socio-economic disparities significantly influence various aspects of public health, including life...
TERRORISM AND NIGERIAN FOREIGN POLICY
ABSTRACT
The main focus of actors of foreign policy formulation process is to articulate in vivid terms the national...
The impact of community banking initiatives on rural agricultural finance: a case study of Union Bank of Nigeria
Background of the Study
Community banking initiatives are pivotal in extending financial services to underserved rural areas, particularl...
TENANCY LAWS, MULTIPLE TAXATION AND RESIDENTIAL HOUSE RENTS
ABSTRACT
This study was carried out to examine tenancy laws, multiple taxation and residential house rents in Ikeja &nbs...
An Evaluation of Agile Manufacturing Strategies in Dangote Flour Mills, Kaduna State
Background of the Study
Agile manufacturing is a set of principles aimed at improving the flexibility, efficiency, and responsiveness of...
The effect of online security protocol enhancements on building consumer trust in banking: a case study of Citibank Nigeria
Background of the Study
In today’s digital era, the security of online transactions is paramount for maintaining consumer trust in...
THE ROLE OF ECONOMIC AND FINANCIAL CRIME COMMISSION IN GOVERNMENT ACCOUNTABILITY BETWEEN 2004-2015
ABSTRACT
Despite the pervasive corruption in Nigeria, which led to the underdevelopment of its institutions and economy....
TELEVISION VIEWING HABIT AMONG FAMILIES
ABSTRACT
This study used a survey design to examine the television viewing habit among fa...
A Study of Public Perception of Media Censorship in Sokoto South Local Government Area, Sokoto State
Chapter One: Introduction
1.1 Background of the Study
Media censorship remains a contentious iss...
TELEVISION AS A TOOL FOR NATIONAL INTEGRATION
ABSTRACT
The study is aimed at looking into the various roles of television as an effective tool for nationa...
