STRATEGIC COST MANAGEMENT AND ACCURACY OF COST INFORMATION IN SELECTED MANUFACTURING FIRMS IN LAGOS AND OGUN STATES, NIGERIA

Ezekiel Adigbole ()

International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), 2019, vol. 08, issue 1, 129-151

Abstract: The use of distorted cost information in manufacturing firms in Nigeria is affecting their survival because they are unable to manage their costs effectively. New costing strategies are required to be used forachieving undistorted cost information. Hence, the objectives ofthis studywere to: assess the effect ofActivity-Based Management (ABM) on accuracy ofcost information; evaluate the influence of life cycle costing (LCC) on accuracy of cost information; and examine the impact of Target Costing (TC) on accuracy of cost information. Survey research design was employed. The population of the study consisted of three hundred and eighty - five respondents in seventy - seven listed manufacturing firms in Lagos and Ogun States. The sample of the study consisted of three hundred and twenty- five respondents in sixty - five randomly selected manufacturing firms. Primary data used were collected through questionnaire administration. Data analysis was done using Partial Least Squares Structural Equation Modeling (PLS -SEM). The study found that: ABM has positive effect on accuracy of cost information (β = 0.493, p 0.10); and TC has positive impact on accuracy of cost information (β = 0.272, p

Keywords: Strategic cost management; Accuracy of cost information; Activity based management; Life cycle costing; Target costing. (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://research.icanig.org/documents/SCMAACISMFN.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ijafic:0019

Access Statistics for this article

International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF) is currently edited by Ijoema Anasa and Ochuko Jeff Odesa

More articles in International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF) from The Institute of Chartered Accountants of Nigeria (ICAN)
Bibliographic data for series maintained by Daniel Akanbi ().