IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 8 NO. 8 2022
DOI: https://doi.org/10.56201/jafm.v8.no8.2022.pg79.94

---

Impact of Management Accounting Techniques on Financial Performance of Manufacturing Firms in Nigeria

Farayola, Ayo Ade, Umar Mahdi ,Alhaji Kawugana PhD

---

Abstract

The study examines the assessment of the impact of management accounting Techniques on Financial Performance of Manufacturing Firms in Nigeria. The objective of the study is to determine whether management accounting Techniques can be used as a tool for performance evaluation in manufacturing company and to evaluate the relationship between the success of manufacturing firms and management accounting techniques, also to find out whether management accountants in manufacturing firms employ management accounting techniques in data analysis. Data were collected from primary source and secondary source for the study. However, as a survey study the data for the research will be collected through questionnaire and interview, The research design used for this study is both quantitative and qualitative. The study adopts simple random sample as the sampling techniques. The population of the study was 67 staff randomly selected from the targeted population. The findings of the study show that management accounting techniques have significant effect on the performance evaluation of manufacturing firm. Based on the findings the study recommended that Companies should consult professional accountants and techniques to be used when starting a business to learn about various laws that affect their mode of operations and also to familiarize them self with the variety of financial record that the need to maintain. Based on the findings one can conclusively affirm that management accounting employ management accounting techniques in decision making and that firms cannot do without management accounting practices. Management should adopt techniques that would aid attainment of organizational goals. Techniques employed should be constantly appraised to remove possible areas of weakness

keywords:

Management, Accounting, Performance, Manufacturing, Firms, Techniques

---

References:

Abdel-Kader, M. and Luther, R. (2004), “An empirical investigation of the evolution of
management accounting practices”, Working Paper No. 04/06, University of Essex,

Acquaah, M. (2013). Management control systems, business strategy and performance: A
comparative analysis of family and non-family businesses in a transition economy in sub-
Saharan Africa. Journal of Family Business Strategy, 4(2), 131-146.

Adler, R., Everett, A. M., & Waldron, M. (2000).Advanced management accounting techniques
in manufacturing: utilization, benefits, and barriers to implementation. Accounting Forum
24 (2), 131-150. Association of Ghana Industries Business Barometer Report, 2013.

Ahmad, K. (2012). The use of management accounting practices in Malaysian SMEs.
(Unpublished Doctoral Thesis, University of Exeter).

Ajibolade, S. O. (2013). Management accounting systems design and company performance in
Nigerian manufacturing companies: A contingency theory perspective. British Journal of
Arts and Social Sciences, 14(2), 228-244.

Akoto, R. K., Awunyo-Vitor, D., &Angmor, P. L. (2013). Working capital management and
profitability: Evidence from Ghanaian listed manufacturing firms. Journal of Economics
and International Finance, 5(9), 373

Allahyari, A., &Ramazani, M. (2011).Firm technological change and its effects on management
accounting change (Case study of Iranian Manufacturing Firms).Global Journal of
Management and Business Research, 11(9).

Alleyne, P., & Weekes-Marshall, D. (2011).An exploratory study of management accounting
practices in manufacturing companies in Barbados .International Journal of Business and
Social Science, 9 (2), 49-58.

Amidu, M., Effah, J., &Abor, J (2011).E-Accounting practices among small and medium
enterprises in Ghana. Journal of Management Policy and Practice, 12(4).

Amoako, G. K. (2013). Accounting practices of SMEs: A case study of Kumasi Metropolisin
Ghana. International Journal of Business and Management; 8, (24).

Anand, M., Sahay, B. S., &Saha, S. (2004). Cost management practices in India: An empirical
study. ASCI Journal of Management, 33(1-2), 1- 13.

Ashton, D., Hopper, T., &Scapens, R. (1995). The changing nature of issues in management
accounting, Hertfordshire .Prentice Hall.

Ashton, D., Hopper, T., &Scapens, R.W. (1991).Issues in management accounting, Hemel
Hempstead, Prentice_Hall.

Ayodele, S. A., &Falokun, G. O. (2003). Nigeria? s Financial and Monetary Systems: The
Capital Market. the Nigerian Economy-Structure and Pattern of Development, 26-153.

Baines, A., &Langfield-Smith, K. (2003). “Antecedents to management accounting change: A
structural equation approach”, Accounting, Organizations and Society, 28 (7-8), 675-698.

DOWNLOAD PDF

---

Back