Topic: EVALUATION OF MANAGEMENT ACCOUNTING TECHNIQUES AS TOOL FOR PLANNING AND CONTROLLING DECISION MAKING IN SELECTED MANUFACTURING COMPANIES IN DELTA STATE

Chapter One

INTRODUCTION

1.1 Background of the Study

1.2 Statement of Problem

Corporations unlike sole proprietors engage in a wide range of activities. This fact has result in departmentalization and division of labour. Hence, managers have a large span of control and their responsibilities have been multiplies. This development has resulted to the following problems. Lack of adequate control due to large span of control which hinder performance evaluation industries. Increased responsibilities and as a result of low level of supervision. Inadequate data of making decisions Poor performance of evaluation. The researcher therefore intends to understand how management accounting techniques are tools such as variance analysis, budgeting and budgetary control, and standard costing can serve as a means of control and performance evaluation in industries. Evaluating to known whether the management accounting information, contributes in the going concern of the organization. And also to know whether the management accounting information contributes in the going concern of the organizational..

1.3 Aim and Objectives of the Study

The general objective of this study is to assess the evaluation of management accounting techniques as tool for planning and controlling decision making in selected manufacturing companies, through budgeting and budgetary control, variance analysis, standard costing. In view of the above therefore the objective of this study will include: To find out the measure put in place to enable proper control of resource in the company. To find out the extent to which report made by each responsibility centre in helping the management in planning and controlling decision making To examine the extent the use of budgets costing as a means of ensuring control in the companies. To identify the loopholes in the companies reporting system.

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