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THE ROLE OF MANAGEMENT ACCOUNTANT IN DECISION MAKING WITH EMPHASIS ON INTERNATIONAL TOBACCO COMPANY PLC ILORIN BRANCH WHICH IS PRIVATE OWNERSHIP COMPANY

| Format: Ms Word | 1-5 Chapters | Table of Content|

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TABLE OF CONTENT

TITLE PAGE                                                                           PAGES

CERTIFICATION                                                                            I

DEDICATION                                                                                  II

ACKNOWLEDGEMENT                                                                III

TABLE OF CONTENT                                                                    V

CHAPTER ONE

1.1     BACKGROUND OF THE STUDY

1.2     OBJECTIVE OF THE STUDY

1.3     SIGNIFICANCE OF THE STUDY

1.4     STATEMENT OF THE STUDY

1.5     SCOPE OF THE STUDY

1.6     RESEARCH METHODOLOGY

1.7     PLAN OF THE STUDY

1.8     DEFINITION OF THE TERMS

CHAPTER TWO

2.1     LITERATURE REVIEW

2.2     WHO IS A PRODUCT MANAGER

2.3     FUNCTION OF MANAGER

2.4     THE IMPORTANCE OF PLANNING

2.5     WHY PEOPLE FAIL IN PLANNING

2.6     ESTABLISHMENT OF STANDARD

2.7     THE PRINCIPLE OF EFFECTIVE CONTROL

2.8     THE DIFFERENCES BETWEEN FINANCIAL

2.9     A MANAGEMENT ACCOUNTANT

2.9.1  THE DUTIES OF MANAGEMENT ACCOUNTANT

2.10   DECISION MAKING

2.10.1         CLASSIFICATION OF DECISION MAKING

2.11   DIVIDEND DECISION

2.12   THE PROCESS OF DECISION MAKING

CHAPTER THREE

3.0     RESEARCH METHODOLOGY

3.1     POPULATION OF THE STUDY

3.2     SAMPLING METHOD

3.3     SOURCE OF DATA COLLECTION / DATA COLLECTION         TECHNIQUES

3.4     METHOD OF DATA ANALYSIS

3.5     HISTORICAL BACKGROUND OF THE CASE STUDY

CHAPTER FOUR

4.0     INTRODUCTION

4.1     ANALYSIS AND INTERPRETATION OF DATA

4.2     INTERPRETATION OF THE FINDING

CHAPTER FIVE

5.1     SUMMARY

5.2     CONCLUSION

5.3     RECOMMENDATION

          BIBLIOGRAPHY

CHAPTER ONE

  1. INTRODUCTION

In all the varied field of human activity, we are concerned to used of limited resources that are available to us. Thus the intention is to obtain the greatest out put from a given input and in measuring this we may state how efficiently the input has been used.

          While the measurement of efficiency may be done in quantitative terms e.g. a number of yam tuber from an acre of land. It is normally essential to express inputs and outputs in monetary term as it is the common denominator of resources we use. By recording these monetary values the accountant is able to measure the result of industrial and commercial activities and inform those responsible for them.

          The work of the accountant has develop over the year from accurate accounting for movement in cash and transaction with third parties, it now includes the provision of financial data and with which management may plan future activities and of data with which to measure how efficiently activities are being managed.

          The earlier type of work we may call financial accounting and development is cost accounting and management accounting uses cost and financial data advice management in planning and controlling the enterprise.

          Management needs guidance in the interpretation of cost information, if wise decisions are to be made in such matters as costing of products and services, production policy and pricing of products. A management system is therefore necessary in planning each factor in the cost each products, the ascertainment and analysis of cost of products and the interpretation and communication of cost of data for management decision making.

          For any business to be successful, it needs the assistance of the management accountant.

          A management accountant provides reliable, relevant quantitative and qualities information for the purpose of assisting in the managerial formation of planning, controlling, organizing, communicating and decision making.

          Since resources are limited in supply for producing a product or product a management accountant has to form a policy, the limited resources in order to achieve his aims, the aim of any business enterprise is to make profit, therefore a management accountant endures that limited resources are economically, efficiently and effectively used to take decision on how to maximize profit on business.

         Therefore, a management account is concerned withy the provision and interpretation of relevant qualitative and quantitative information to assist the management in planning, motivating and decision making performance appraisal.

  1. STATEMENT  OF THE PROBLEM   

           Despite the fact that the role of a management accountant in decision making there is still some constraints that can hinder the roles of management accountant.

            The following are the constraints;-

   What are the likely functions of managers?

  • Does planning have any important
  • What are the rational or reason why people fails in planning.
  • Is there any establishment of standard in the roles of management accountant in decision making?
  • Does management accountant in decision making have any principles of effective control.
  • What are differences between financial accounting and management accounting?
    • AIMS AND OBJECTIVES

                         The project work takes a cursory look on the roles of management accountant in decision making therefore the aims and objectives of the study includes the followings;-

  • To highlight the functions of manager.
  • To enumerate the reason why people fails in planning
  • To examine the establishment of standard in the roles of management accountant in decision making.
  • To expatiate some certain importance of planning.
  • To discuss the principle of effective of control of   management accountant in decision making.
  • To critically examine the differences between financial   accounting and management accounting.

 1.4   SIGNIFICANCE OF THE STUDY

             The research has shown that management plays a vital role in decision making.

   The roles of management accountants is very important to every business sector and non-profit making sector like thus government sectors, business enterprises to be successful, it needs a management accountant. He helps to plan, control and organize the resources in an organization in order to achieve its aims.        However, also the future researcher and other students will benefit from the study in order to have an independent knowledge on the roles of management accountants in decision making. It makes them to be locally reasons in their decision making.

          To bank, it will provide information for the level of management to make a reasonable decision to carry out there daily activities. It will also minimize the fraud in banking industries.

          To general public, it enables them to be problem solver through their finding.

  1. RESEARCH METHODOLOGY

          Based on the roles of management accountants in decision making, both primary and secondary sources information is used in collecting information for the completeness of the project work.

          A primary source includes material from the case study (I.T.C), response from the questionnaire, interviews observation.

          Secondary sources of information includes text books financial reports, hints about management accounting in decision making and all text books which decision making are quoted explain in them.

          The instrument which is used in collecting the primary source include both interview and questionnaire.

          Survey is used to analysis the data collection in comparing of data collected towards the roles of management accountant in decision making.

  1. SCOPE AND LIMITATION OF THE STUDY

          The project covered the roles of management accountant in decision making. It emphasized much on how a management accountant could help the management to choose a correct and favorable decision making in an organization. The scopes will not go beyond the roles of management accountant in decision making of international tobacco company, Ilorin branch.

          The research work was so restricted by insufficient fund lack of enough times, lack of corporation from the respondent of case study institution. All these factors hinder through execution of the research work.

          However efforts are made, that the constraints and limitation will not affect the effective completion of the research work.

  1. DEFINITION OF TERM CONCEPT

I.T.C:- International Tobacco company.

DECISION MAKING: – Decision making is one of the most crucial activities of management. Its means that necessity to decide the everyday pre-occupation of management in all types of organization whether small or large enterprises.

MANAGER: – A manager is a person that oversees the affairs of an organization. Its also plays some roles such as plan, organize and control. Etc.

MANAGEMENT: – The term management to the task or activities involve in managing an organization, planning and organizing, leading and controlling.

ORGANIZATION: – A structure goods of peoples brought together to attain certain goals that the same individual could not react alone.

ACHIEVEMENT MOTIVE: – It is the desire to succeed. Some standard of excellence or in competitive situation.

GOALS: – Goals is what an organization is committed to achieves

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