COST ACCOUNTING INFORMATION IN MANAGEMENT DECISION MAKING.

COST ACCOUNTING INFORMATION IN MANAGEMENT DECISION MAKING. (A CASE STUDY OF NIGERIAN NATIONAL PETROLEUM CORPORATION - NNPC BENIN CITY)

ABSTRACT

This project research work attempts to explain the Cost Accounting Information as an aid to decision making in an organization using Nigerian National Petroleum Corporation (NNPC), Benin-Asaba Road, Benin City as a case study. Cost Accounting Information is designed for managers, since managers are taking decisions based on the existing cost accounting information. The important principle is that the Cost Accounting Information must be relevant for decision making. However, Generating Cost Accounting Information in an organization is not an easy task. The process of cost accounting itself is so complex. This is why cost accounting system is applicable only to a large-sized business. This is why the researcher made use of Nigerian National Petroleum Corporation (NNPC) as a case study. Chapter one of this project research work focuses on Background of the Study, Statement of the Problems, Objective of the Study, Significance of the Study, Limitation of the Study, Scope of the Study and Definition of Terms. Chapter two is on Literature review on Cost Accounting Information and such questions as what is Accounting, who is an Accountant? What is Cost Accounting?  Scope of cost accountancy, Nature of cost accounting, Relationship between Financial accounting and Cost accounting, Purposes or Objects of cost accounts, Functions of cost accountant, Advantages of cost accounting, Cost Accounting Information, the benefits of cost accounting information, managerial cost accounting etc. Chapter three deals generally on Research Methodology, Chapter four purely deals on data analysis and interpretation with the findings. While Chapter five focuses on Summary of Finding, Conclusion and Recommendation.