Evaluation of Management Accounting Techniques as tool for planning and control decision making in selected manufacturing firms in ibadan, Nigeria
Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 4(2):274-280
© Scholarlink Research Institute Journals, 2013 (ISSN: 2141-7024) jetems.scholarlinkresearch.org Economics and Management Sciences (JETEMS) 4(2):274-280 (ISSN: 2141-7016)
Journal of Emerging Trends in
Evaluation of Management Accounting Techniques as Tool for
Planning and Control Decision-Making in Selected Manufacturing
Companies in Ibadan, Nigeria
1
Onaolapo, Adekunle Abdulrahman and 2Oladejo, Kayode Samson
1
Department of Management Science and Accounting,
Faculty of Management Sciences,
Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria.
2
Department of Accounting,
College of Social and Management Sciences,
Joseph Ayo Babalola University,P.M.B 5006 Ikeji-Arakeji, Osun State, Nigeria.
Corresponding Author: Onaolapo, Adekunle Abdulrahman
__________________________________________________________________________________________
Abstract
The study evaluates Management Accounting Techniques as tools for Planning and Control Decision-Making in the selected manufacturing business in the study area. It has are specific objectives as: to examine the socioeconomic parameters influencing selection of MATs, to examine effect of socio economic parameters on the effectiveness of MATs, to identify the extent of adoption of MATs. Thirty (30) manufacturing companies were selected as the sample size through stratified random sampling technique. Descriptive analysis was employed through the use of tables, percentages, ranks e.t.c. However the hypotheses were tested using of Chi Square (X2) at 5% of significance, Correlation and Regression analysis through the use of Stata 10. The result revealed that socio economic parameter has significant effect on its adoption and effectiveness Based on findings, the study therefore recommends that management accounting techniques should be embraced thoroughly by manufacturing businesses developing
© Scholarlink Research Institute Journals, 2013 (ISSN: 2141-7024) jetems.scholarlinkresearch.org Economics and Management Sciences (JETEMS) 4(2):274-280 (ISSN: 2141-7016)
Journal of Emerging Trends in
Evaluation of Management Accounting Techniques as Tool for
Planning and Control Decision-Making in Selected Manufacturing
Companies in Ibadan, Nigeria
1
Onaolapo, Adekunle Abdulrahman and 2Oladejo, Kayode Samson
1
Department of Management Science and Accounting,
Faculty of Management Sciences,
Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria.
2
Department of Accounting,
College of Social and Management Sciences,
Joseph Ayo Babalola University,P.M.B 5006 Ikeji-Arakeji, Osun State, Nigeria.
Corresponding Author: Onaolapo, Adekunle Abdulrahman
__________________________________________________________________________________________
Abstract
The study evaluates Management Accounting Techniques as tools for Planning and Control Decision-Making in the selected manufacturing business in the study area. It has are specific objectives as: to examine the socioeconomic parameters influencing selection of MATs, to examine effect of socio economic parameters on the effectiveness of MATs, to identify the extent of adoption of MATs. Thirty (30) manufacturing companies were selected as the sample size through stratified random sampling technique. Descriptive analysis was employed through the use of tables, percentages, ranks e.t.c. However the hypotheses were tested using of Chi Square (X2) at 5% of significance, Correlation and Regression analysis through the use of Stata 10. The result revealed that socio economic parameter has significant effect on its adoption and effectiveness Based on findings, the study therefore recommends that management accounting techniques should be embraced thoroughly by manufacturing businesses developing