Adoption Level and Impact of Strategic Initiatives in Management Accounting on Firms’ Performance in Kwara State.
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Date
2013
Authors
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Journal ISSN
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Publisher
Department of Business Administration, University of Ilorin.
Abstract
This work examines the adoption level of Activity Based Costing (ABC), Just in Time (JIT), Total Quality Management (TQM) and their impact on firms’ performance. Simple regression model was employed to assess the relationship between strategic initiatives and firm’s performance. It also used the descriptive statistics (simple percentage) to examine the adoption level strategic initiatives by firms. Analysis shows that 81.6% of the companies are aware and adopt at least one of the strategic initiatives. Furthermore, the study shows that the implementation of strategic initiatives leads to improvements in firms’ performance. It is therefore, recommended that firms should implement ABC, JIT, TQM as against the traditional based approach to managerial accounting.
Description
Keywords
Traditional Approach, Adoption Level, Activity Based Costing, Just In Time, Total Quality Management, Strategic Initiatives
Citation
Abogun, S. & Abomide, O. S. (2013): Adoption Level and Impact of Strategic Initiatives in Management Accounting on Firms’ Performance in Kwara State. Advances in Management. 11(1); 21-31, Published by Department of Business Administration, University of Ilorin.