Impact Of Responsibility Accounting On The Profitability Of Organizations In Nigeria (A Study Of Pz Nigeria Limited)
ABSTRACT
The study examines the impact of
responsibility accounting on the profitability of organization in Nigeria with
a case study of PZ Nigeria L. T.D. Responsibility accounting is a system under
which managers are given decisions making authority and responsibility for each
activity occurring within a specific area of the company. Policies established
by management failed to reach expected targets. This may be due to weaknesses
in the operations of the responsibility accounting system. The data were collected
from PZ company limited ABA by the researcher. The ordinary least square (OLS)
regression technique and relevant parameters were used to presents, analyze and
test hypotheses. as deemed appropriate. Following the testing of the cost
centers, profit center and investment center, impact on the company's total
profit, the researcher was able to find out that a cost division as a
responsibility center does not contribute efficiently to the company's
financial performance. This could be as a result of the services that the
center produces. The researcher concluded that base on the findings from this
study; the quality of services that a center produces in their different
sub-units will go a long way in determining a company's financial performance.
Management will achieve its objectives by ensuring full employment of
responsibility accounting. Finally, responsibility accounting is an effective
tool for evaluating the financial performance of a company.
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MICHAEL, U (2021). Impact Of Responsibility Accounting On The Profitability Of Organizations In Nigeria (A Study Of Pz Nigeria Limited). Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-responsibility-accounting-on-the-profitability-of-organizations-in-nigeria-a-study-of-pz-nigeria-limited-7-2
UNIVERSITY, MICHAEL. "Impact Of Responsibility Accounting On The Profitability Of Organizations In Nigeria (A Study Of Pz Nigeria Limited)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-responsibility-accounting-on-the-profitability-of-organizations-in-nigeria-a-study-of-pz-nigeria-limited-7-2. Accessed 26 Nov. 2024.
UNIVERSITY, MICHAEL. "Impact Of Responsibility Accounting On The Profitability Of Organizations In Nigeria (A Study Of Pz Nigeria Limited)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-responsibility-accounting-on-the-profitability-of-organizations-in-nigeria-a-study-of-pz-nigeria-limited-7-2 >.
UNIVERSITY, MICHAEL. "Impact Of Responsibility Accounting On The Profitability Of Organizations In Nigeria (A Study Of Pz Nigeria Limited)" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-responsibility-accounting-on-the-profitability-of-organizations-in-nigeria-a-study-of-pz-nigeria-limited-7-2