Background of the Study
Cost-Volume-Profit (CVP) analysis is an essential tool in managerial accounting, used to understand the relationship between costs, volume, and profits. In the context of local government planning, CVP analysis helps in evaluating the financial impact of various decisions, such as resource allocation and expenditure management. For Kafanchan LGA, effective application of CVP analysis can optimize budget allocation for projects, improve financial planning, and ensure efficient use of public funds. This study aims to examine how CVP analysis can be applied in local government planning in Kafanchan LGA to enhance financial decision-making and long-term sustainability.
Statement of the Problem
Local governments in Nigeria, including Kafanchan LGA, often face challenges in making accurate financial decisions due to the lack of proper costing techniques and financial management tools. As a result, there is a tendency for inefficiencies in resource allocation, leading to the mismanagement of public funds. CVP analysis offers a systematic approach for understanding how cost changes affect revenue and profitability. However, its application in local government planning in Kafanchan LGA is underexplored. This study seeks to investigate the potential of CVP analysis in improving local government planning and decision-making.
Aim and Objectives of the Study
Aim: To explore the application of Cost-Volume-Profit analysis in enhancing local government planning and financial efficiency in Kafanchan LGA.
Objectives:
Research Questions
Research Hypothesis
Significance of the Study
This study will provide valuable insights into how CVP analysis can be integrated into local government planning processes, contributing to better resource allocation and financial efficiency in Kafanchan LGA.
Scope and Limitation of the Study
The study will focus on the application of CVP analysis in local government planning in Kafanchan LGA. Limitations include potential resistance from local government officials to share financial data and limited access to detailed budgetary information.
Definition of Terms
ABSTRACT
This study was carried out to examine the the factors affecting reading culture of students in the university &...
ABSTRACT
Adequate nutrition is essential for a healthy growth. Research has shown how important it is for a child to have the necessary n...
Abstract
This study examines the performance of Micro finance Institutions (MFIS) in Lagos State, based...
Background to the Study
Today’s world is characterized by major changes in...
Abstract
The present study revealed that the prevalence of anaemia among pregnant women was 57% which is a severe public...
ABSTRACT
This project “an Assessment of the Effect of Change Management on Job Satisfaction in First bank Nige...
Abstract
When schools are established, qualified teachers must be in place to prepare students for the acquisition of knowledge and relev...
Abstract:
This research investigates the effect of digital transformation on financial reporting proces...
ABSTRACT: This study Assessed the Benefits of Early Childhood Education in Refugee Camps. The objectives of this...
BACKGROUND TO THE STUDY
Presently, the crisis of development is the most seri...