This elevated the interest of the researcher to bring to light of how this goal can be achieved through intensive study of the role of management accountants to cost control and profit performance in an organization.Apart from cooperate scandals; there has been anosmatic pressure for better profit maximization as the business environment became more volatile, prices of products increasing at an alarming rate, and the production of low quality products.In the past management accountants operation is strictly on workers capacity usually separated from the managers for whom they provided reports and information. The hypothesis was tested using chi- square statistical method at 0.05 level of significance for validity and decision making.The findings from the analysis of the research study depicts that organizational strategic managers should rely on management accountant information for decision making. Accountants have been bestowed with the role of providing information to the management regarding the affairs of the organization in particular and to the stakeholders in general. (2005). (Ph.D) Department of Hospitality And Tourism Management Federal Polytechnic, Oko Abstract The success of any organization towards meeting its objectives, depend largely on the vision of top management. help the people in the organization (board of directors, managers and other persons) in decision-making, it is a reliable guidance for indication of future policies and plans of the organization.
New York: McGraw-Hill Inc. earnings forecast.Karamanuo, I., & Vafeas, N. (2005). Essentials of management. (4th ed.).
The role of the accountant in a business environment has been evolving over the years. for control. But the actual decision-making responsibility lies with the management. Management accountant plays an important role in forecasting future business and economic events for making future plans i.e., long-term plans, strategic management accounting, formulating corporate strategy, market study etc. Management Accountant Role # 6. CiteScore: 5.8 ℹ CiteScore: 2019: 5.8 CiteScore measures the average citations received per peer-reviewed document published in this title.
Management accountant provides necessary information to management in taking short-term decision e.g., optimum product mix, make-or-buy, lease or buy, pricing of product, discontinuing a product etc. CiteScore values are based on citation counts in a range of four years (e.g. He plays a significant role in the decision making process of an organization. Management accounting with application of qualitative techniques .Lagos: Chinedu Publishers Ltd.Nworji, I. D. (2000). Management Accountant Role # 7. The association between corporate boards, audit committees and management. Managerial accounting.
Accountants are primarily involved … ROLE PURPOSE The General Staff Accountant reports to the Controller.
THE ROLE OF TOP MANAGEMENT IN BUSINESS ORGANIZATIONS Okafor Obiefuna A. (10th ed.). (5th ed.).
The organizational position of Management Accountant varies from concern to concern depending upon the pattern of management system. The seven roles are: 1. Raising of funds through debt is cheaper because of tax benefits.
Control and 7.
Beverly Hills: G.A Sage Publication Ltd.Malamo, M. (1996).
New York: McGraw-Hill Inc.Lambart, C., & Sponem, S. (2005).
Journal of Accounting and Finance, Vol.
He may be an executive in some concern, while+ Read More Role of Management Accountant: The management accountant plays a vital role in the decision-making process of the organization. Stewardship Accounting 2. Fundamental of financial management (A practical guide).