Evaluation Of Management Accounting Techniques On Organization Decision Making Process

This study assesses the application of management accounting techniques in the decision-making process within food manufacturing firms in Akure Metropolis. The primary aim is to evaluate how techniques such as budget and budgetary control, standard and standard costing, and life-cycle costing influence decision-making outcomes. The research highlights the integral role of management accounting in enhancing organizational effectiveness by providing decision-makers with relevant financial and operational data. A descriptive and analytical research design was employed, utilizing structured questionnaires administered to selected firms, including LifePro Food Mills, Home Bake Bakery, Basincliff Resources Ltd Agro, Stanmark Cocoa Processing Company Ltd, and Olam Coop Cocoa Factory. The study found a positive correlation between the use of management accounting techniques and the quality of decision-making, indicating that firms employing these techniques experienced better decision outcomes. The results emphasize that effective management accounting techniques are crucial for optimizing resource allocation, minimizing inefficiencies, and improving overall performance. The study recommends that food manufacturing firms invest in continuous training and development of management accounting skills to ensure sustainable business growth. Further research is suggested to explore the long-term implications of these techniques in dynamic business environments.

The broad objective is to assess the application of management accounting techniques for decision making in the selected food manufacturing firm in Akure Metropolis.

The specific objectives are to:

1. identify the management accounting techniques used in the selected
2. determine management accounting information provided by the system for decision
3. assess the effect of management accounting techniques on decision

1. What are the management accounting techniques used in the selected firm?
2. What are the information provided by the management accounting techniques that aid decision making?
3. What are the effects of management accounting techniques on decision making?

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