ABSTRACT
The Nigerian Construction Industry (NCI) faces numerous cost-related challenges that have in some cases increased costs of construction projects by up to 61.84%. Such challenges include the increasing complexity of construction projects which necessitate specia...
Background of the Study
Small and Medium Enterprises (SMEs) serve as the backbone of many economies worldwide, providing employment opportunities, stimulating innovation, and contributing significantly to national GDP. In Nigeria, SMEs are critical in reducing poverty a...
Background of the Study
Agricultural cooperatives in Argungu Local Government Area (LGA) play a crucial role in improving the livelihoods of local farmers by providing access to shared resources, equipment, and marketing opportunities. However, these cooperatives often...
Background of the Study
Local government projects are vital for community development, providing infrastructure, healthcare, education, and other public services. However, many of these projects in Billiri Local Government Area (LGA) face challenges in controlling costs...
Background of the Study
Kabba/Bunu Local Government Area (LGA) in Kogi State, Nigeria, is responsible for implementing various public projects, including infrastructure development, healthcare, and educational facilities. Effective cost control practices are crucial to...
Background of the Study
Small and Medium Enterprises (SMEs) are vital to economic development, serving as a source of employment and innovation. However, SMEs in Keffi Local Government Area face significant challenges in controlling costs, which often result in reduced...
Background of the Study
Agricultural enterprises play a vital role in the economy of Daura LGA, providing employment and contributing to food security. However, agricultural businesses often face challenges in controlling costs, which c...
Background of the Study
Cost control mechanisms are crucial for the sustainability and profitability of small and medium enterprises (SMEs). In Jere LGA, many SMEs face challenges such as rising operational costs, poor financial management, and ineffici...
Background of the Study
Manufacturing firms rely heavily on accurate cost data to manage expenses, set prices, and maintain profitability. Accounting information systems (AIS) have become integral tools for automating cost tracking, analyzing financial data, and supporting decision-maki...
Chapter One: Introduction
Background of the Study
Standard costing is a widely recognized cost accounting technique that involves setting predetermined costs for production processes, which are then compared with actual costs to identify variances (Horngren et al., 2012). This...
Background of the Study
Cost control strategies are essential for enhancing profitability in SMEs, particularly in regions like Oyo State, where economic volatility and operational inefficiencies challenge business sustainability. Effective cost control allows SMEs to mini...
Background of the Study
The role of the board of directors in overseeing financial performance and implementing cost control mechanisms is integral to the long-term sustainability of corporations. Nigerian Breweries Plc, one of the leading beverage companies in Nigeria,...
Background of the Study
The hospitality industry is a vital component of the global economy, offering services such as accommodation, food, and entertainment. In Nigeria, the industry has experienced significant growth, driven by factors such as an expanding middle clas...
Background of the Study
Cost control is a critical component of operational efficiency, as it helps organizations optimize their resources and minimize waste while ensuring the attainment of financial and operational goals. In large manufacturing conglomerates like Dangote...
Background of the Study
Cost control in public healthcare institutions is crucial for ensuring the efficient utilization of resources while maintaining the quality of healthcare services. In Nigeria, public hospitals like Lagos State Teaching Hospital (...
Background of the Study
Cost control is essential for the financial sustainability of private nursery and primary schools. These institutions often rely on tuition fees as their primary source of income, making efficient cost management...
Background of the Study
The fast food industry in Nigeria has experienced significant growth, driven by urbanization, changing dietary preferences, and the rising demand for quick-service meals. In Lagos State, a hub of economic activity, fast food chains like Mr. Bigg's have become...
Background of the Study
Cost control is one of the most critical aspects of managing a successful restaurant business, especially in urban centers like Abuja, where competition in the foodservice industry is intense. Restaurants, by their nature, operate in an environment with fluctuati...
Background of the Study
Cost control strategies are essential for the financial success of manufacturing companies, particularly in industries where profit margins are thin, such as flour milling. Honeywell Flour Mills, a key player in Nigeria’s flour production industry, faces nu...