The Analysis of the Effectiveness of a Management Accounting Technique in an Organisational Setting- with Reference to Guinness Nigeria Plc.

5572 Words Apr 7th, 2010 23 Pages
Ado Ekiti University,Ado.

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The analysis of the effectiveness of a management accounting technique in an organisational setting- With Reference to Guinness Nigeria Plc.

4988 Words

TABLE OF CONTENT

Title page

Chapter one

1. Introduction
2. Decision-making and management accounting information
3. The concept of Budgeting and Budgetary controls
4. Budgetary control systems
5. Benefits of Budgeting and budgetary controls
6. Behavioural aspect of budgeting
7. Aims and objectives of the study
8. Reason for choosing the topic
9. Introducing Guinness Nigeria plc

Chapter Two

1.
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The increasing complexity of business operations and the ever changing conditions of business environment such as the economic, social, technological political development as well as Government policies, make it increasingly difficult for a company to consistently earn profit that would constitute a fair return on the capital invested. There is thus the need to employ modern management tools to improve manager’s efficiency in order to guarantee a steady return on capital invested.

1.2 DECISION MAKING AND MANAGEMENT ACCOUNTING INFORMATION.

Decision-making is purposeful selection from among a set of alternatives in the light of a given objective. (Oyedijo 1996) Decision-making is not a separate function of management; in fact decision making is intertwined with the other functions such as planning, co-ordinating and controlling. Chiefly among all these functions is planning which is described as the foremost and most basic of all management functions and the skill with which it is performed determines to a large extent the success of all operations of an organisation.

In planning, managers outline the steps to be taken in moving the organisation towards its objectives. The decision making aspect of management function however ensure that best alternative is selected to achieve the objectives. Budgeting plays a vital role in planning and that has a direct
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