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THE IMPACT OF COST ACCOUNTING STATEMENT IN PRIVATE ORGANISATION A CASE STUDY OF BETA GLASS COMPANY PLC, UGHELLI, DELTA STATE

ABSTRACT

This study was aimed at appraising the impact of cost accounting statement in private organisation (a case study of Beta Glass Plc, Ughelli, Delta State). Appraisal was intended to ascertain (a) how important cost accounting statement to a private organisation (b) the degree of compliance of those information and (c) the effectiveness of cost statement in a private organisation. In the course of the study questionnaires were administered, personal interview were conducted and observation were made. In addition, the propose study was given historical and analytical explanation. To enable the researcher ascertain the validity to which cost accounting statement have an impact in private organisations.

TABLE OF CONTENTS

Title Page i

Approval page ii

Dedication iii

Acknowledgement iv

Table of contents v

Abstract viii

CHAPTER ONE

Introduction

Background of the study 1

Statement of the study 3

Purpose of study 4

Research question 4

Hypothesis 5

Significance of study 6

Scope of study 6

Limitation of study 6

Operational definition of terms 7

CHAPTER TWO

Review of Related Literature

Introduction 9

The concepts of sales promotion 9

Objectives of advertisement 10

Advertisement and sales promotion 12

Decision areas when developing 15

The effect of advertisement 15

Factors that determine the use of sales promotion 17

Evaluation of advertisement 19

History of Globacom 24

CHAPTER THREE

Research methodology

Theoretical framework 26

Research design 26

Area of the study 27

Sampling size 27

Sampling procedures 27

Research instrument 27

Data collection Method 27

Method of data analysis 28

CHAPTER FOUR

Presentation and data analysis

Introduction 29

Data presentation 29

Testing of hypotheses 41

CHAPTER FIVE

Summary of findings, conclusion and recommendations

Summary of findings 46

Conclusion 46

Recommendations 47

References

Appendix

Questionnaire

CHAPTER ONE

INTRODUCTION

Background of the Study

The bedrock of accounting is an understanding of the underlying principles, and an appreciation of the techniques and state necessary for application.

According to Amos A. Abohi (2003), accounting is derived from the word “account” which is defined in Collins English Dictionary as to reckons; to give a reason; to give a financial reckoning; a statement of debts and credits in money transactions.

According to American Accounting Association (1961) accounting has been defined as the process of identifying, measuring and communicating of economic information to permit informed judgment and decisions by users of the information.

In the last ten years or more, Nigeria economy has been going through a turbulent or conflict phase, a development which has greatly affected the manufacturing companies in Nigeria today by reducing their profitability or causing losses to some in order for them to minimize the above problem, there is the need for adequate planning for proper use of the available method and or techniques needed by management of companies in the management sector in achieving its profit maximization aim and the need for his and other tings in the purpose of this write up.

Statement of the Problem

Considering the importance of cost accounting information dissemination in an economy, the Company and Allied Matters Act 1990 amended (2004), provide members with Annual General meetings as forum for questioning or even removing directors as the case may be over their activities in the administration of the company.

Cost accounting system has the major quantitative information system in almost every organisation.

As a private organisation there must be a financial reports or statements; the reports required by an organisation can be conveniently grouped into three classes being:

Internal reports to managers for use in planning and controlling routine operations.

Internal reports to managers for use in forming opinion or/and making strategic decisions and in formulating major plans and policies.

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