Improving Business Profitability through Cost Control and Cost Reduction

CHAPTER ONE/INTRODUCTION One of the primary goals of any business organization is to maximize profitability. This is achieved by increasing revenue while minimizing costs. Cost control and cost reduction are two strategies that businesses can use to achieve this objective. In this essay, we will discuss the importance of cost control and cost reduction and […]

A Cost-Benefit Analysis of Inventory Control in Nigerian Manufacturing Companies

CHAPTER ONE/INTRODUCTION Inventory control is an essential aspect of managing a manufacturing company’s supply chain. It involves managing the inflow and outflow of goods to ensure that the right amount of inventory is available to meet customer demand while minimizing costs. In Nigeria, manufacturing companies face various challenges in inventory control, including poor infrastructure, supply […]

Corporate Objectives and the Importance of Disclosing Accounting Data

CHAPTER ONE/INTRODUCTION Corporate objectives refer to the strategic goals and targets set by a business to guide its operations towards achieving success. These objectives typically include profitability, growth, customer satisfaction, and social responsibility, among others. In pursuit of these objectives, companies are required to maintain accurate accounting records, which are crucial in evaluating their financial […]

CREATIVE ACCOUNTING AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA.

CREATIVE ACCOUNTING AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA CHAPTER ONE Many accounting and business scandals that have occurred throughout the years have drawn attention to the accuracy of the information given by corporate organizations across the globe. The financial statements of the firm did not adequately depict the company’s financial status, according […]

A PERCEPTION STUDY OF TAX EVASION AND REVENUE GENERATION IN LAGOS STATE,NIGERIA

A well-functioning society, such as a state or nation’s government, owes its subjects a number of essential obligations. These promises take the form of providing basic social amenities, such as clean water, accessible healthcare, secure and functioning roads, and protection for people and their property. The people are accountable to the government for paying taxes […]

AN ANALYSIS ON COST-VOLUME-PROFIT AND PROFITABILITY TARGET

CHAPTER ONE/INTRODUCTION Background to the study Cost volume profit analysis is a methodical way to look at how changes in volume, or production, affect overall savings, revenue, expenses, and net profit. Cost volume profit analysis, which serves as a model for these connections, simplifies the actual conditions that a corporation would encounter, unlike models, which […]

Implementation of proper accounting record keeping on business performance ratio in Nigeria

Implementation of proper accounting record keeping on business performance ratio in Nigeria CHAPTER ONE/INTRODUCTION Early civilizations have kept records of accounts for thousands of years. The name “monetary records” refers to a bookkeeping technique where each entry to one account must be matched by an opposite entry to another. Lucapaoli, 1992. The process of gathering, […]

ENVIRONMENTAL ACCOUNTING PRACTICES AND FINANCIAL REPORTING IN OIL AND GAS INDUSTRY

CHAPTER ONE/INTRODUCTION The demand for environmental accounting is now being addressed by responsible corporate management and national governments. It rose to the top of governments’ and businesses’ priorities earlier in the 1990s as a result of a number of internal and external causes, particularly on a global scale (Okoye and Ngwakwe:2004:220-235). Nigeria is one of […]

IMPACT OF ACCOUNTING INFORMATION AS A BASIS FOR MANAGERIAL DECISION-MAKING

BACKGROUND The department of a business known as management is in charge of formulating policies, creating programs, establishing standards, and putting them into practice with regard to the company’s financial, physical, and human resources. It is also responsible for maintaining the facility and its equipment and making sure that the supervisory, labor, and administrative forces […]

ACCOUNTING INFORMATION AS A BASIS FOR MANAGERIAL DECISION-MAKING

INTRODUCTION The part of a business known as management is responsible for formulating policies, creating programs, establishing standards, applying to financial, physical, and human resources, maintaining plant and equipment, and keeping supervisory, labor, and administrative forces operating at peak efficiency. In a word, management entails establishing objectives and managing personnel and other resources toward the […]