Effect of Management Accounting Practice on the performance of manufacturing companies in Nigeria

ABSTRACT The study examined the effect of Management Accounting Practice on the performance of manufacturing companies in Nigeria. It evaluated the impact of Management accounting practices on financial performance of manufacturing companies in Nigeria and also investigated the influence of Management Accounting Techniques on the decision making process of manufacturing companies. The study adopted a descriptive survey design and also simple random sampling method to select the required sample from the target population. The questionnaire was the main instrument used to collect data for the study. The results of the questionnaire were analyzed by the use of regression analysis. The hypothesis considered in this study, and the statistical analysis was done using ANOVA technique. The sample size was 60 staff of Nigeria Breweries plc on Ogun State, Nigeria. The study found out that there was a significant relationship between Management Accounting practice and performance of manufacturing companies. The study concluded that the results support most prior studies in suggesting that more emphasis needs to be placed on developing the personal skills rather than technical skills- management accountants need skill in communication, analysis, creativity and adaptability. This study recommends the creation and enhancement of awareness among firms of the importance of Information for decision making practices as this is the most highly used management accounting practice amongst companies. Keywords: MAS designs, manufacturing, company performance, contingency theory, technology, perceived environmental uncertainty, decentralization.
TABLE OF CONTENTSTitle PageiCertificationiiDedication iiiAcknowledgement ivAbstract  vCHAPTER ONEINTRODUCTION1.1Background of the study 11.2Statement of the problem 71.3Objectives of the study 91.4Justification of the study 91.5Research questions 101.6Statement of hypothesis101.7Scope of the study111.8Plan of the study111.9Definition of terms12CHAPTER TWOLITERATURE REVIEW 2.0Introduction142.1Conceptual review152.1.1Liquidity as a concept152.1.2Liquidity components182.1.3Elements of liquidity192.1.4The need for liquidity212.1.5Measurement of liquidity in commercial banking222.1.6The importance of liquidity in commercial bank management282.1.7Concept of profitability in banks292.1.8Measurement of bank performance312.2Theoretical review352.2.1Anticipated income theory342.2.2Shiftability theory362.2.3Liability/Liquidity Management Theory382.2.4Commercial loan theory or real bill doctrine402.2.5Asset theory422.2.6Trade-off theory liquidity442.2.7Financial intermediation theory452.2.8Liquidity preference theory462.2.9Portfolio Theory, Traditional Theory and Financial Theory462.3Empirical review502.3.1Effect of liquidity on profitability502.3.2Relationship between Return on asset, Cash ratio and Current ratio56CHAPTER THREERESEARCH METHODOLOGY 3.1Research design 603.2Population of the study603.3Sample technique and Sample Size603.4Sources of data613.5Model Specification613.6Measurement of Variables623.7Method of Analysis62CHAPTER FOURDATA PRESENTATION AND ANALYSIS 4.1Data presentation and analysis634.2Hypothesis testing65CHAPTER FIVESUMMARY, CONCLUSION AND RECOMMENDATION  5.1Summary675.2Conclusion685.3Recommendations68No References