An Appraisal of the Application of Cost and Management Accounting Techniques in Nigerian Manufacturing Companies: a Case Study of Benue Breweries Company Limited

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AN APPRAISAL OF THE APPLICATION OF COST AND MANAGEMENT ACCOUNTING TECHNIQUES IN NIGERIAN MANUFACTURING COMPANIES: A CASE STUDY OF BENUE BREWERIES COMPANY LIMITED TABLE OF CONTENTS Title page - - - - - - - - - - i Approval Stage - - - - - - - - - ii Dedication - - - - - - - - - - iii Acknowledgement - - - - - - - - iv Table of contents - - - - - - - - - v Abstract - - - - - - - - - - vi CHAPTER ONE: INTRODUCTION 1. Background of the study - - - - - - - 1 2. Statement of the problem - - - - - - - 5 3. Objectives of the study - - - - - - - 8 4. Research questions - - - - - - - - 8 5. Research Hypotheses - - - - - - - 9 6. Significance of the Study - - - - - - - 11 7. Scope of…show more content…
For any company to be successful in such environment, it must have a good costing system. The attainment of this objective demands careful selection of a costing system that suites the production process of the company. Vickery (1971) has this in mind when he said that costing system is essentially analytical in nature, and it is therefore impossible to derive a system which suites all business. Hence, the costing system adopted by a manufacturing company must be designed to suite its production process. A common misconception made by management of a company is that a single definition of cost is ideally suited to all types of manufacturing decision. What a manager’s plan to produce must be well known to him and always taken into account where he fails to realize this, difficulty arises in determining the cost of production. This gives rise to two reasons for the difficulty in determining the cost of products produced. First, the relationship between the cost incurred and output produced is often difficult establish. Secondly, cost may be assembled, combined and reported in different ways. In addition to inherent difficulties in determining the cost of output, management fails to recognize that different cost measurement are needed for different purposes.. If cost information is to be used intelligently, management must understand that any cost figure has inherent limitation and that no

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