THE ROLE OF MANAGEMENT ACCOUNTING IN PROFIT MAXIMIZATION (A CASE STUDY OF IBETO PLC)

ABSTRACT The management accounting is identified as one of the key officers in the Accounting Department of any manufacturing company has the duty of providing the required professional information route to achieving the organizational goal. This made the researcher to choose the role of management accountant in profit maximization for his project Ibeto Plc, Nnewi has been used as a case study. The researcher made use of both primary and secondary data, and structured questionnaires which were collected from textbooks, and various research materials. Chi-square was used as a statistical tool for analyzing the data. From the findings, the research in analysis, the activities of the management accountant is identified as one of the very officers of Accounting Department. The management accountant performs the function of providing information for planning accounting decision making and evaluation of the companies operation. He ensures the accountability of resources of the company. He participates directly in the management process by virtue of these duties. The researcher can confidently and conveniently conclude that the management accountant through the provision of specialized information gather from his knowledge as a professional plays a prominent role in the profit maximization of manufacturing company. The researcher recommends that every manufacturing outfit should employ the services of a qualified management accountant. So the role of management accountant in profit maximization is very important. 
  TABLE OF CONTENTS Title pagei Approval pageii Dedicationiii Acknowledgementiv Table of contentsv Abstract vii
CHAPTER ONE INTRODUCTION 1.1Background of the Study1 1.2Statement of the Problem5 1.3Objective of the Study 7 1.4Research Question7 1.5Test of Hypothesis10 1.6Significance of the study10 1.7Scope of the study11 1.8Limitation of the study11 1.9Definition of Terms 12
CHAPTER TWO LITERATURE REVIEW 2.1.Definition of profit maximization 14 2.2The concept cost15 2.3The function of management accounting in relation to profit maximization 19 2.4Uses of marginal costing principles 30 2.5Ways of regulating costs in a manufacturing company40 2.6Planning for cost reduction 42 2.7Ways of reducing cost43
CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY  3.1Research Design47 3.2Area of the Study 47 3.3Population of the Study47 3.4Sample of the Study48 3.5.Method of Data Collection48 3.6.Validity/Reliability of the Instrument49 3.7.Method of Data Analysis50
CHAPTER FOUR DATA PRESENTATION ANALYSIS AND INTERPRETATION  4.1Presentation and analysis of data51 4.2Analysis of data 51 4.3.Test of hypothesis 57
CHAPTER FIVE SUMMARY OF FINDING, CONCLUSION AND RECOMMENDATION 5.0Summary of Findings64 5.1Conclusion68 5.2Recommendations68 5.3Suggestions for further Research70 References71 Appendix ‘A’72 Appendix ‘B’73