Application Of Responsibility Accounting For Effective Control And Decision Making: A Survey Evidence From Manufacturing Industries In Abia State
ABSTRACT
This research is aimed at
evaluating the application of responsibility accounting for effective control
and decision making: a survey evidence from manufacturing industries in Abia
State. Responsibility accounting is a system of accounting which involves
different organizational subunits like the cost, profit and investment
departments. These departments and sub-units provide information to top
management about their performance. This system of accounting cannot work
except the organization is decentralized. The research identified how
decentralization can work effectively where responsibility reports can assist
in controlling and evaluating performance of subordinate and the sub-units.
Therefore to achieve the aim of this research, the researcher collected data
from sampling units of PZ Cussons Nig. Plc, Aba, Abia State, and the research
hypotheses were tested using ANOVA technique. The study reveals that the
company maintained effective internal control system and the concept of
decentralization is in practice as well. And it concludes that managers'
competency can affect a company's financial performance. It finally recommends
that companies practicing responsibility accounting should ensure that proper
evaluation method is in practice in its operations and process of evaluation
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IKPEOHA, E (2021). Application Of Responsibility Accounting For Effective Control And Decision Making: A Survey Evidence From Manufacturing Industries In Abia State. Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/application-of-responsibility-accounting-for-effective-control-and-decision-making-a-survey-evidence-from-manufacturing-industries-in-abia-state-7-2
EMMANUEL, IKPEOHA. "Application Of Responsibility Accounting For Effective Control And Decision Making: A Survey Evidence From Manufacturing Industries In Abia State" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 22 Nov. 2021, https://repository.mouau.edu.ng/work/view/application-of-responsibility-accounting-for-effective-control-and-decision-making-a-survey-evidence-from-manufacturing-industries-in-abia-state-7-2. Accessed 25 Nov. 2024.
EMMANUEL, IKPEOHA. "Application Of Responsibility Accounting For Effective Control And Decision Making: A Survey Evidence From Manufacturing Industries In Abia State". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 22 Nov. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/application-of-responsibility-accounting-for-effective-control-and-decision-making-a-survey-evidence-from-manufacturing-industries-in-abia-state-7-2 >.
EMMANUEL, IKPEOHA. "Application Of Responsibility Accounting For Effective Control And Decision Making: A Survey Evidence From Manufacturing Industries In Abia State" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/application-of-responsibility-accounting-for-effective-control-and-decision-making-a-survey-evidence-from-manufacturing-industries-in-abia-state-7-2