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CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In Nigeria today West Africa and indeed all over the world cost accounting has become the bane of which many organization exist. This means that there is virtually no organization that does have accounting in its operation.
In most business organization the role of cost accounting cannot be over emphasized because of it’s important in the day to day running of every business.
In socialist and capitalist nation cost accounting becomes fundamental because in it, we look at the past, present and attempt to protect the future of any organization.
Cost accounting has been define by the Chartered Institute of Management Accounting (CIMA) in its publish terminology defined cost accounting as the application of costing principles, methods and techniques of the science, art and practice of information derived there from for the purpose of managerial decision making.
Costing accounting can also be viewed as the collection, classification, conducting, analyzing and reporting of cost information for the establishment f the total cost of performing and activity or operation and for the purpose of management planning decision making and controlling an enterprise.
Cost accounting attempts to give a rough estimate regard the work to be carried out in a small and medium scale business input with determine the fixed price of the finished goods. Without cost accounting, it is difficult, if not impossible, to quantify and qualify any item in order to attain a price to it.
In auditing; cost accounting has also become very essential, this is because, we have to identify the input of employees in order to enable us fix salaries and wages for them. This in itself is cost accounting.
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SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
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1. APPLICATION OF NEW MEDIA IN JOURNALISM PRACTICE CASE STUDY OF RADIO NIGER, MINNA
» ABSTRACT The aim of this study was to determine application of new media in Radio Niger, Minna. The study adopted survey research design using questio...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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2. BUDGETING AND BUDGETARY CONTROL AS TOOLS FOR ACCOUNTABILITY IN GOVERNMENT PARASTATALS (A CASE STUDY OF ENUGU STATE HOUSING DEVELOPMENT CORPOR...
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY The efficiency and effectiveness of the operations of a business depends on the control avail...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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3. IMPACT OF INVENTORY MANAGEMENT AND CONTROL SYSTEM IN THE PERFORMANCE OF A MANUFACTURING COMPANY IN NIGERIA (A study of Siba Water Company, Ikot Ekpen...
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study When scholars first introduced the word “inventory”, they use the word stocks that ar...Continue Reading »Item Type & Format: Project Material - Ms Word | 112 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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4. THE ROLE OF ACCOUNTANT IN THE ECONOMIC DEVELOPMENT OF organization (A STUDY OF NIGERIAN BOTTLING COMPANY ONITSHA)
» ABSTRACT The main purpose of this project is to find out the Role of accountants in the economic development of Nigeria with particular reference to t...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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5. PROPECT AND CHALLENGES OF TREASURY SINGLE ACCOUNT IN A DEVELOPING ECONOMY
» CHAPTER ONE INTRODUCTION 1.1 Background of the study A treasury single account (TSA) is an essential tool for consolidating and managing governmentsâ€...Continue Reading »Item Type & Format: Project Material - Ms Word | 63 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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6. THE EFFECT OF VALUE ADDED TAX (VAT) ON CONSUMER’S STANDARD OF LIVING (A STUDY OF VAT OFFICE, UYO)
» CHAPTER ONE GENERAL INTRODUCTION 1.1 INTRODUCTION Tax, the whole world over is a major source of revenue to the government. The major reason why gover...Continue Reading »Item Type & Format: Project Material - Ms Word | 60 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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7. BOARD CHARACTERISTICS, OWNERSHIP STRUCTURE AND FIRM VALUE OF LISTED PETROLEUM FIRMS IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study The sensitivity of Nigeria‟s petroleum industry is clearly reflected in its importance to the N...Continue Reading »Item Type & Format: Project Material - Ms Word | 143 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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8. THE ROLE OF COMMERCIAL BANKS IN FINANCING SMALL SCALE BUSINESS IN DELTA STATE (A CASE STUDY OF SPARE PART DEALER IN DELTA STATE)
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigeria is a country greatly endowed with many natural and human resources. The business envi...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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9. ACCESSIBILITY OF CREDIT FACILITY FROM FINANCIAL INSTITUTIONS BY SMALL AND MEDIUM SCALE ENTERPRISES: EVIDENCE FROM NIGERIA
» Abstract This study tries to look at the accessibility of credit facility from financial institutions by small and Medium Scale Enterprises: Evidence ...Continue Reading »Item Type & Format: Project Material - Ms Word | 164 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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10. APPRAISAL OF ACCOUNTING SYSTEM IN LOCAL GOVERNMENT COUNCIL (A STUDY OF IBESIKPO ASUTAN LOCAL GOVERNMENT AREA)
» CHAPTER ONE PROBLEMS AND ITS SETTINGS 1.1 Introduction Local government is the third tier government in Nigeria; the Nigeria government is made up of ...Continue Reading »Item Type & Format: Project Material - Ms Word | 88 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT