Management Accountants’ Functions and Control System in Informal Sector’s Business Decisions in Nigeria
Journal Title: International Journal of Scientific Research and Management - Year 2015, Vol 3, Issue 2
Abstract
This paper examined the effects of Ownership - Controls and Management Accountant(s) functio ns indecision making process of informal businesses (SMEs) in Osun State of Nigeria. Disparity cases that areoften experienced by Management Accountants on decisions and that of business Owners in informalbusiness sectors – One - man businesses , partnership businesses and other private companies necessitate thisstudy. Many Accountants in the informal business sectors are suffering from a lot of hardships through self - designed decisions usually imposed by business Owners at the expense of information generate d through calculated parameters on business decisions. The study used both Simple Percentage Method andDescriptive Data Analysis Method (DDAM) to evaluate 10 informal businesses in Osogbo, the capital city ofOsun State of Nigeria. The study revealed that mo st informal Businesses failed due to the fact that Ownersare always ignoring the advice of Management Accountants in vital business decisions. The paperrecommends proper utilization of MCS principles in line with information supplied by ManagementAccountan ts in both formal and informal sectors of Nigeria economy so as to aid the function and servicedeliverance potentials and subsequent improvement in SMEs results in Nigeria
Authors and Affiliations
AKANDE Adesola Adebayo
Keywords
Related Articles
- EP ID EP214680
- DOI -
- Views 58
- Downloads 0
Effects of Aqueous Ethanolic Leaf Extract of Boscia senegalensis ( PERS) on Liver Function of Wiste r Strain Albino Rats
Boscia senegalensis has long been used as food, pesticide and medicine for the elimination of intestinal parasite from camel. The objective of this study was to evaluate the acute and sub acute toxi...
Abattoir Waste Contribution To Municipal Waste Generation
I ncreased popu lation means increased demand for meat. Thus, more slaughter waste is expected to be generated. Knowing an estimated quantity of waste generation can help in planning and influence the...
Design and a nalysis of self clocked flip - flop based shift registers using 90 nm CMOS technology
This paper enu merates the efficient design and analysis of 4 bit shift registers using self clocked D flip - flop as a storage element. Self clocked flip - flop utilize internal clock generation mechanism, due to this...
The Socio - Economic Impact of e - governance: Indian Scenario
Today Information Communication Technology (ICT) constitutes the fastest growing component of the global economy and the revenue generated by the interactive information industry may have reached $3.5 trillion. Recentl...
The Effect Of Compensation, Empowerment, And Job Satisfaction On Employee Loyalty
The purpose of this research is to analyze the direct influence of compensation, empowerment, and job satisfaction to employee loyalty, to analyze direct influence of compensation and empowerment to job satisfaction, to...