TABLE
OF CONTENTS
CHAPTER ONE
1.0
Introduction
1.1.
Background
of the Study
1.2.
Problem of
the study
1.3.
Aims and
Objectives of the study
1.4.
Plan of the
Study
1.5.
Organization
of the study
1.6.
Significance
of the study
CHAPTER TWO
2.0
Literature
Review
2.1 Cost
Accounting Definition
2.2 Development
of Costing Accounting
2.3 The
Scope of Costing Accounting
2.4 Cost Accounting
and Control
2.5 Cost
Accounting and Decision Making
2.6 Cost
Accounting and Planning
2.7 Difference
between Cost Accounting and Financial Accounting
2.8 Difference
between Manufacturing Company and Merchandizing
2.9 Principles
of Cost Accounting
2.10 Techniques
of Cost Accounting in the Manufacturing Industry.
CHAPTER THREE
3.0
Research
Methodology
3.1 Introduction
3.2 Historical
Background
3.3 Sources
of Data
3.4 Method
of Data Analysis
3.5 Limitations
of the Study
CHAPTER FOUR
4.0
Data
Presentation and Analysis
4.1 Introduction
4.2 Analysis
of Data
4.3 Testing
of Hypothesis
4.4 Findings
CHAPTER FIVE
5.0
Summary
Conclusion and Recommendations
5.1 Summary
5.2 Conclusion
5.3 Recommendations
Bibliography
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND
OF THE STUDY
The importance of cost accounting in the effective
management of any organization can in no wise be under rate, the absorption
becomes a necessity when viewed against the background that other branch of
account such as financial accounting, management account have among a my raid
of scholarly publication. Infact cost
accounting should be indealy juxtaposed with other area of accounting system in
order to have on effective accounting system.
The Global soap and detergent industry
limited is a member of doing group of company.
The factory was incorporated in (1984) as the first indigenous detergent
company in Kwara State.
The company commenced production in December (1985) their main products
as flashing (The family detergent for laundry given you cloth the flashing
clean looks) sock power super deal boid and vogue – also are Hi- clear
secouring power group soap and Hi – clean bar soap. After two years of production of scouring
powder. The company stated using buy
product of detergent in 1998 supplications plant was introduced while in 1989
soap plant was incorporated by using water from over head storing plant which
are made under hand. They sources their
electricity supply for NEPA with assistances of steady generators.
Quality has been the watch of the
company since its in option in 1988 their efforts were recognize with award
N1.5m quantity certification mark to their detergent key brand.
The net weight of the company product are:-
Flash - 200kg
Washite - 10kg
Washive - 2k
& 5kg
Super deal -
200kg
Grand Toilet Soap - 12kg
Clean bar soap - 120kg
The company was formerly commissioned in
1992 by president Ibrahim .B. Babaniga (Rtd) the company has spread all over
the country in the following areas, Ilorin, Ibadan, Aba, Jos, Kanu, Sokoto,
Maidiguri, Abeokuta, Benin, Onisha, Enugu and Lagos.
1.2 PROBLEM
OF THE STUDY
This
research study comprehensively discuss the area of in effect of cost Accounting
system in manufacturing Industry with emphasis on Global Soap and detergent,
Ilorin also finding the effects and importance of cost Account system in
relationship with manufacturing accounting.
1.3 AIMS
AND OBJECTIVE OF THE STUDY
This
research study is aimed at achieving full objective nigh light the impact of
cost accounting in the effective management of manufacturing industry in a
developing economy to determine extent to which costing information are
relevant and it is benefit to the management of the economy.
Further more
to examine the genuine problem of cost account confronted in manufacturing
industry and outline iof the solution to them.
However it is hope that the result of this study after completing would
be useful in explaining. The role of
cost accounting in the effect management of manufacturing industry in a developing
economy to determine extent to which costing information are relevant and it is
benefit to the management of the economy.
1.4 SCOPE
OF THE STUDY
Basically
the study would therefore focus its attention on experience of a selected
manufacturing industries in developing economy.
1.5 ORGANISATION
AND PLAN OF THE STUDY
Basically
with a view of systematic presentation and analysis of the research study the
project is broadly written and contain five chapters.
Chapter one
of this project contain introduction background of the study, aims methodology,
source of data, organization and plan of the study. Chapter two for the purpose
of this project work focused on the literature review of the study and brief
explanation of the topic chapter three of this research work contain the
research methodology (principle) chapter four is largely developed and comprise
the Data presentation analysis and analysis of data, such as problem prospects
of cost accounting in Global Soap and detergent industry.
The last
chapter gives the summary of the project work and also gives the conclusion and
recommendation and Bibliography of the research work.
1.6 SIGNIFICANCE
OF THE STUDY
It is good
for any organization to embark on cost accounting in a manufacturing
industry. It is imperative of this
organization to provide system of cost account in an effect manner. The research work will highlight the
significance of the cost accounting the research will help:-To measure profit
in relation to accounting period
To provide information for management control of
cost
To provide information for management control of
sales
To provide information for management control of
stock
To provide information for planning and decision
making
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