ABSTRACT
The study examined the effect of Management Accounting Practice on the performance of manufacturing companies in Nigeria. It evaluated the impact of Management accounting practices on financial performance of manufacturing companies in Nigeria and also investigated the influence of Management Accounting Techniques on the decision making process of manufacturing companies. The study adopted a descriptive survey design and also simple random sampling method to select the required sample from the target population. The questionnaire was the main instrument used to collect data for the study. The results of the questionnaire were analyzed by the use of regression analysis. The hypothesis considered in this study, and the statistical analysis was done using ANOVA technique. The sample size was 60 staff of Nigeria Breweries plc on Ogun State, Nigeria. The study found out that there was a significant relationship between Management Accounting practice and performance of manufacturing companies. The study concluded that the results support most prior studies in suggesting that more emphasis needs to be placed on developing the personal skills rather than technical skills- management accountants need skill in communication, analysis, creativity and adaptability. This study recommends the creation and enhancement of awareness among firms of the importance of Information for decision making practices as this is the most highly used management accounting practice amongst companies.
Keywords: MAS designs, manufacturing, company performance, contingency
theory, technology, perceived environmental uncertainty, decentralization.
TABLE OF CONTENTS
Title Pagei
Certificationii
Dedication iii
Acknowledgement iv
Abstract v
CHAPTER ONE
INTRODUCTION
1.1Background of the study 1
1.2Statement of the problem 7
1.3Objectives of the study 9
1.4Justification of the study 9
1.5Research questions 10
1.6Statement of hypothesis10
1.7Scope of the study11
1.8Plan of the study11
1.9Definition of terms12
CHAPTER TWO
LITERATURE REVIEW
2.0Introduction14
2.1Conceptual review15
2.1.1Liquidity as a concept15
2.1.2Liquidity components18
2.1.3Elements of liquidity19
2.1.4The need for liquidity21
2.1.5Measurement of liquidity in commercial banking22
2.1.6The importance of liquidity in commercial bank management28
2.1.7Concept of profitability in banks29
2.1.8Measurement of bank performance31
2.2Theoretical review35
2.2.1Anticipated income theory34
2.2.2Shiftability theory36
2.2.3Liability/Liquidity Management Theory38
2.2.4Commercial loan theory or real bill doctrine40
2.2.5Asset theory42
2.2.6Trade-off theory liquidity44
2.2.7Financial intermediation theory45
2.2.8Liquidity preference theory46
2.2.9Portfolio Theory, Traditional Theory and Financial Theory46
2.3Empirical review50
2.3.1Effect of liquidity on profitability50
2.3.2Relationship between Return on asset, Cash ratio and Current ratio56
CHAPTER THREE
RESEARCH METHODOLOGY
3.1Research design 60
3.2Population of the study60
3.3Sample technique and Sample Size60
3.4Sources of data61
3.5Model Specification61
3.6Measurement of Variables62
3.7Method of Analysis62
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1Data presentation and analysis63
4.2Hypothesis testing65
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1Summary67
5.2Conclusion68
5.3Recommendations68
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