Appraisal of the adoption of cost management techniques in selected Nigerian manufacturing companies

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dc.contributor.authorFagbemi, T. O.
dc.contributor.authorAbogun, Segun
dc.contributor.authorUadiale, O.M.
dc.date.accessioned2023-05-11T09:11:20Z
dc.date.available2023-05-11T09:11:20Z
dc.date.issued2013
dc.description.abstractThe business world and the operating environment of firms are becoming fiercer and more challenging by the day. as a result firm are forced to engage in price war in the process of competing with one another and meet up with constant changes in the environment. in order to survive in an environment characterized by constant change, there is the need for effective cost management. This study therefore examines the factors influencing the adoption of contemporary strategic management tools. In order to achieve this, a cross sectional sample survey research design was adopted. A stratified sampling technique was used and the total of 150 copies of questionnaire was administered. Descriptive statistics and regression analysis were used for data analysis. The study concludes that the adoption of contemporary cost management techniques is influenced by globalization, level of product innovation, the need for competitive pricing, failure of traditional costing system and the pressure of competition. The study recommends that since the traditional costing system cannot adequately cope with the ever changing business environment, the contemporary cost management techniques should be adopted by firms.en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/10042
dc.language.isoenen_US
dc.publisherDepartment of Accounting, Kaduna State Universityen_US
dc.subjectcost management; costing system; costing techniques; globalization; management accountingen_US
dc.titleAppraisal of the adoption of cost management techniques in selected Nigerian manufacturing companiesen_US
dc.typeArticleen_US

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