AFRICAN JOURNAL OF ACCOUNTING, FINANCE & MARKETING

MANAGEMENT ACCOUNTING TECHNIQUES A TOOL FOR ORGANISATIONAL DECISION MAKING

Dr VIOLET E. OSA-ERHABOR., Dr ERNEST OSHODIN

March 14, 2024

Citation

AFRICAN JOURNAL OF ACCOUNTING, FINANCE & MARKETING , Vol. 8 (1) (2024) , pp. 105-109

Details

ISSN: 2805 - 4253
Published: March 14, 2024
Status: Published

Abstract

The study examined the use of management accounting techniques as a veritable tool for organisational decision making. The success of businesses hinges on the quality of decisions made. The accounting system stands out as a primary contributor to management accounting. Management accounting techniques play a crucial role in enhancing organizational decision-making by facilitating routine operational decisions, guiding strategic choices, and reporting operational outcomes to the management. Thriving in a globalized environment entails facing intense business competition. To endure and attain objectives, businesses must adeptly handle costs. Management accounting techniques play a vital role in facilitating informed decision-making by furnishing valuable information. The key lies in comprehending these techniques, embracing them, and deploying them judiciously at the opportune moment and in the appropriate context.

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