An Evaluation of the Effectiveness of Management Accounting in Aiding Decision Making.
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Research proposal
Topic
An evaluation of the effectiveness of Management accounting in aiding decision making.
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Statement of the problem
Does management accounting contribute positively to the financial performance of the organisation?
Main research problem
The research aims to evaluate the role of management accounting in contributing to the decision making process and financial position of the company.
Sub-Problems of the research
Modifications of management accounting in the current changing environment in the country (mode of production and business complexity.)
Hypothesis (Alternative and null)
Management accounting plays an effective role in contributing to the decision making process and financial performance of the organisation.
Research Questions 223979 224327 228894
1. What is management accounting and how does it differ from financial accounting?
2. What is the role of management accounting and is the role effectively played played considering the prevailing economy in the country.
3. Does management accounting plays a vital role in the company and does it have a positive contribution to the financial performance of the company?
4. Due to modifications in the system of management accounting what additional roles should be adopted by the company to cope with the changing environment?
5. What are the changes experienced in companies in their systems of management accounting due to the nature of the economy?
6. How does management accounting help attain set standards and policy setting? (Budgets, costing techniques, projects appraisal.)
Research Objectives
To give a clear definition of management accounting.
To differentiate between management accounting and financial accounting.
To give major roles of management accounting.
To ascertain whether management accounting contribute
Research proposal
Topic
An evaluation of the effectiveness of Management accounting in aiding decision making.
*******************************************************
Statement of the problem
Does management accounting contribute positively to the financial performance of the organisation?
Main research problem
The research aims to evaluate the role of management accounting in contributing to the decision making process and financial position of the company.
Sub-Problems of the research
Modifications of management accounting in the current changing environment in the country (mode of production and business complexity.)
Hypothesis (Alternative and null)
Management accounting plays an effective role in contributing to the decision making process and financial performance of the organisation.
Research Questions 223979 224327 228894
1. What is management accounting and how does it differ from financial accounting?
2. What is the role of management accounting and is the role effectively played played considering the prevailing economy in the country.
3. Does management accounting plays a vital role in the company and does it have a positive contribution to the financial performance of the company?
4. Due to modifications in the system of management accounting what additional roles should be adopted by the company to cope with the changing environment?
5. What are the changes experienced in companies in their systems of management accounting due to the nature of the economy?
6. How does management accounting help attain set standards and policy setting? (Budgets, costing techniques, projects appraisal.)
Research Objectives
To give a clear definition of management accounting.
To differentiate between management accounting and financial accounting.
To give major roles of management accounting.
To ascertain whether management accounting contribute