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Appraisal Of Process Costing System In Manufacturing Companies In Nigeria

Download the complete project material on Appraisal Of Process Costing System In Manufacturing Companies In Nigeria from chapter one to five

TABLE OF CONTENT

TITLE PAGE

CERTIFICATION

DEDICATION

ACKNOWLEDGEMENT

TABLE OF CONTENT

CHAPTER ONE

INTRODUCTION

AIMS AND OBJECTIVE OF THE STUDY

PROBLEM OF THE STUDY

PURPOSE OF THE STUDY

RESEARCH METHODOLOGY

STATEMENT OF RESEARCH HYPOTHESIS

SCOPE AND LIMITATION OF THE STUDY

PLAN OF THE STUDY

DEFINITION OF TERMS

CHAPTER TWO

HISTORICAL BACKGROUND

DEFINITION OF PROCESS COSTING

CLASSIFICATION OF COST

ELEMENTS OF COST

OBJECTIVES OF PROCESS COSTING

PROCEDURE FOR PROCESS COSTING SYSTEM

CHARACTERISTICS OF PROCESS COSTING

LIMITATION OF PROCESS COSTING

FUNCTIONS AND DUTIES OF COST DEPARTMENT

CHAPTER THREE

RESEARCH METHODOLOGY

RESEARCH DESIGN

DATA COLLECTION INSTRUMENTS

PRIMARY SOURCE OF DATA

SECONDARY SOURCE OF DATA

POPULATION

SAMPLE SIZE27

SAMPLING TECHNIQUE

VALIDITY AND RELIABILITY OF DATA

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

PRESENTATION AND ANALYSIS OF DATA 30

QUESTIONNAIR E

PRESENTATION OF DATA

PRESENTATION AND ANALYSIS OF RESEARCH HYPOTHESIS

TEST OF HYPOTHESIS

CHAPTER FIVE

SUMMARY

CONCLUSION

RECOMMENDATIONS

REFERENCE

CHAPTER  ONE

GENERAL INTRODUCTION

No doubt that for any manufacturing company to grow easily, there must be a way to process their cost in order to achieve their organizational objectives. For them to control cost, reliable and internal financial information system which is the foundation of process costing system of any organization.

Management needs a variety of information to plan for the future activities, assist in the measurement of efficiency and effectiveness in their machine, men, materials, and money to control and to make decisions. Information regarding the financial aspect of performance in any organization is provided by the costing system.

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Cost per unit of running a section, department or factory, wages costs for units of production or per period of production, scrap or rectification cost, behavior with varying levels of activities and so on provided by costing system.

Ever since the use of money replaced barter, it is the concentration of manufacturing facilities into factories that give impetus to the development of recognizable costing system. The early development were almost entirely related to manufacturing concerns but today costing is used widely in the hospitals, transport undertakings local authority offices, and banks as well manufacturing companies.

AIMS AND OBJECTIVE OF THE STUDY

The research is to assist the costing principles, methods and techniques use in manufacturing company. The objectives or reason for the introduction of process costing system, characteristics and  procedures of process costing system, the function of cost department and the roles of cost accountant in the manufacturing company.

Not only that, it will make any individual or group of individuals that has interest in manufacturing company to undertake fully modern theory and practice of costing system being employed in the manufacturing company. The study will also bring into limelight how the problems faced in the manufacturing company is been solved.

PROBLEMS OF THE STUDY

The main characteristics of manufacturing firms are that obtain raw materials and component and convert them into finished goods ready for sales. The problem arises as to how to account for the cost of these productions.

Problem also arises as to determination of the valve or worth of raw materials and work in progress at each process.

PURPOSE OF THE STUDY

The research will point out the appropriateness of cost in manufacturing company. Also where process costing system are use or adopted, corrective measures will be recommended, thus resulting in a smoother running of the organization as a whole if the correcting suggested is implemented, the study will also point out adaptation of process costing system to suit manufacturing company.

RESEARCH METHODOLOGY

The methods that will be adopted in the research work for gathering data be direct observation and questionnaire on the appraisal of process costing system in manufacturing companies.

STATEMENT OF RESEARCH HYPOTHESIS

In the course of carrying out this research, the following hypothesis will be tested: –

1. That process costing system would not be as effective costing system would be as effective if the company was creating many different items that had different cost of tasks through out the process.

2. That employment of qualified cost account enhances good costing system.

3. That manufacturing company should have well structured cost department.

4. That efficient and accurate records keeping will give adequate information and thus ensure that success of manufacturing company.

SCOPE AND LIMITATION OF THE STUDY

The study intends to appraisal the process costing system in the manufacturing company as a whole with reference to NIGERIA BOTTLING COMPANY (NBC) COCA-COLA ILORIN PLANT.

Manufacturing company as a whole have little or on different in their costing system, hence effort will be made to pay significant attention to the various accounting books and records most particularly the one involving cost kept by NIGERIA BOTTLING COMPANY (NBC) COCA-COLA ILORIN PLANT.

The study will be restricted to the workers in the manufacturing managers in the organization. However, the major constraints in the confidentiality over certain vital document which the company may not be willing to release for the fear of getting to the hand of the competitors cost for a broader and effective scope of the study is also a limiting factor.

Therefore conducting the research in many materials that the researcher. Cannot afford. The researcher will also combine this study with academics work simultaneously.

PLAN OF THE STUDY.

This research work will consist of five chapters chapter one as the background of the study. Chapter two will cover the available opinion of different writers in consulted textbooks, manuals and journals. Their opinions are reviewed and modified for the benefit of this research work.

Chapter three deals with the research methodology.

Chapter four deals with the presentation and analysis of data collected.

Lastly, chapter five gives the summary of findings, the necessary recommendation and conclusion to the research work.

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