Download complete project materials on The Role Of Management Accountant In Decision Making from chapter one to five
TABLE OF CONTENT
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TITLE PAGE
CERTIFICATION
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENT
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
1.2 OBJECTIVE OF THE STUDY
1.3 SIGNIFICANCE OF THE STUDY
1.4 STATEMENT OF THE STUDY
1.5 SCOPE OF THE STUDY
1.6 RESEARCH METHODOLOGY
1.7 PLAN OF THE STUDY
1.8 DEFINITION OF THE TERMS
CHAPTER TWO
2.1 LITERATURE REVIEW
2.2 WHO IS A PRODUCT MANAGER
2.3 FUNCTION OF MANAGER
2.4 THE IMPORTANCE OF PLANNING
2.5 WHY PEOPLE FAIL IN PLANNING
2.6 ESTABLISHMENT OF STANDARD
2.7 THE PRINCIPLE OF EFFECTIVE CONTROL
2.8 THE DIFFERENCES BETWEEN FINANCIAL
2.9 A MANAGEMENT ACCOUNTANT
2.9.1 THE DUTIES OF MANAGEMENT ACCOUNTANT
2.10 DECISION MAKING
2.10.1 CLASSIFICATION OF DECISION MAKING
2.11 DIVIDEND DECISION
2.12 THE PROCESS OF DECISION MAKING
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 POPULATION OF THE STUDY
3.2 SAMPLING METHOD
3.3 SOURCE OF DATA COLLECTION / DATA COLLECTION TECHNIQUES
3.4 METHOD OF DATA ANALYSIS
3.5 HISTORICAL BACKGROUND OF THE CASE STUDY
CHAPTER FOUR
4.0 INTRODUCTION
4.1 ANALYSIS AND INTERPRETATION OF DATA
4.2 INTERPRETATION OF THE FINDING
CHAPTER FIVE
5.1 SUMMARY
5.2 CONCLUSION
5.3 RECOMMENDATION
BIBLIOGRAPHY
CHAPTER ONE
INTRODUCTION
In all the varied field of human activity, we are concerned to used of limited resources that are available to us. Thus the intention is to obtain the greatest out put from a given input and in measuring this we may state how efficiently the input has been used.
While the measurement of efficiency may be done in quantitative terms e.g. a number of yam tuber from an acre of land. It is normally essential to express inputs and outputs in monetary term as it is the common denominator of resources we use. By recording these monetary values the accountant is able to measure the result of industrial and commercial activities and inform those responsible for them.
The work of the accountant has develop over the year from accurate accounting for movement in cash and transaction with third parties, it now includes the provision of financial data and with which management may plan future activities and of data with which to measure how efficiently activities are being managed.
The earlier type of work we may call financial accounting and development is cost accounting and management accounting uses cost and financial data advice management in planning and controlling the enterprise.
Management needs guidance in the interpretation of cost information, if wise decisions are to be made in such matters as costing of products and services, production policy and pricing of products.
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A management system is therefore necessary in planning each factor in the cost each products, the ascertainment and analysis of cost of products and the interpretation and communication of cost of data for management decision making.
For any business to be successful, it needs the assistance of the management accountant.
A management accountant provides reliable, relevant quantitative and qualities information for the purpose of assisting in the managerial formation of planning, controlling, organizing, communicating and decision making.
Since resources are limited in supply for producing a product or product a management accountant has to form a policy, the limited resources in order to achieve his aims, the aim of any business enterprise is to make profit, therefore a management accountant endures that limited resources are economically, efficiently and effectively used to take decision on how to maximize profit on business.
Therefore, a management account is concerned withy the provision and interpretation of relevant qualitative and quantitative information to assist the management in planning, motivating and decision making performance appraisal.
STATEMENT OF THE PROBLEM
Despite the fact that the role of a management accountant in decision making there is still some constraints that can hinder the roles of management accountant.
The following are the constraints;-
What are the likely functions of managers?
Does planning have any important
What are the rational or reason why people fails in planning.
Is there any establishment of standard in the roles of management accountant in decision making?
Does management accountant in decision making have any principles of effective control.
What are differences between financial accounting and management accounting?
AIMS AND OBJECTIVES
The project work takes a cursory look on the roles of management accountant in decision making therefore the aims and objectives of the study includes the followings;-
To highlight the functions of manager.
To enumerate the reason why people fails in planning
To examine the establishment of standard in the roles of management accountant in decision making.
To expatiate some certain importance of planning.
To discuss the principle of effective of control of management accountant in decision making.
To critically examine the differences between financial accounting and management accounting.
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