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The Role of Management Accounting in Management Decision Making in University Press Plc

Mrs Agbo, Christiana Iyanmanu, Zayol, Patrick Iorlyam, Soomiyol, Mike Terkuma

Abstract

This study was carried out on the role of management accounting in management decision making in University Press PLC. The study employed a quantitative approach using a cross sectional design. Population of the study is 65. The simple random sampling technique was used in selecting the sample for the study. Data were collected using a self-mixed questionnaire with response rate of 100 percent. The analysis of data was done using simple frequency distribution and percentages. The multiple regression analysis test was used alongside with Ordinary Least Squares (OLS) technique in estimation. The Findings revealed that changes in role (RO), usefulness (US), function (FU) and technique (TE) in management accounting significantly influence management decision making in University Press PLC. The study also revealed a strong positive relationship that exists between role (RO), usefulness (US), function (FU) and technique (TE) of management accounting on management decision making in University Press PLC. The study also revealed that changes in role (RO), usefulness (US), function (FU) and technique (TE) in management accounting would lead to increase in management decision making. The study recommended that management accountants should ensure that financial information is accurate, reliable and available in a timely manner; Management accountants should assist in developing budgets and financial projections; There should be performance measurement; There should be focus on financial information; Management accountants should identify and assess financial risks

Keywords

management accountingdecision makingUniversity pressfinancial projections

References

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