TOPIC

NAME
MATRIC NO

BEING A PROJECT SUBMITTED TO THE DEPARTMENT OF 
ACCOUNTING SCHOOL OF MANAGEMENT SCIENCES IN 
PARTIAL FULFILMENT OF THE REQUIREMENTS 
FOR THE AWARD OF THE DEGREE OF
BACHELOR OF SCIENCE (B.Sc.)
BABCOCK UNIVERSITY 
ILISHAN REMO
OGUN STATE 
NIGERIA

SUPERVISOR:
DR. G. O. OGUNDAJO

2021

i
 DECLARATION

I, NAME hereby attest that this project titled “TOPIC” was undertaken by me, under the
supervision of Dr. Grace Ogundajo in the Department of Accounting, Babcock University. This
project is my original work however; the ideas and works of others employed in this project have
been duly acknowledged. This project work has not been presented for a degree award in any
degree awarding Institution.

_______________________ __________________
Songonuga Rafiat Adenike Date

ii
 CERTIFICATION
This is to certify that this project titled “TOPIC” was conducted by NAME in the Department
of Accounting, Babcock University, School Management and Social Sciences, Babcock
University, Ilishan-Remo, Ogun State under the supervision of Dr. Grace Ogundajo is hereby
accepted.

_________________ __________________
Dr. Grace, O. Ogundajo
SUPERVISOR Date

___________________ ________________
Prof. F. F. Adegbie Date
HEAD OF DEPARTMENT

iii
 DEDICATION

This research work is dedicated to the Almighty God.

iv
 ACKNOWLEDGEMENTS
First and foremost, I give all glory and honor to the Almighty God. It has been him, the
beginning and the ending, who has made this programme possible for me.
My sincere gratitude goes to my supervisor, Dr. Grace, O. Ogundajo. I appreciate her patience,
kindness and effort, despite her busy schedule. She was meticulous. God will bless her. I will
also not forget the efforts of my lecturers, Professor, S. A. Owolabi, Professor E. P. Enyi, Prof. I.
R. Akintoye, Dr. F. F. Adegbie, Dr. S. O. Dada, Dr. A. N. Nwaobia, Dr. S. A. Olaoye, Dr. T. T.
Siyanbola, Dr. O. A. Odunlade, Dr. A. T. Ajibade, Dr. J. D. Kwarbai, Dr. E. M. Alao, Dr. A. E.
Ajayi-Owoeye, Dr. C. N. A. Alu, Dr. R. Benjamin and Dr. I. M. Olayinka for their guidance,
encouragement and good administration of the department. I also acknowledge the efforts of the
Dean, school of management sciences Prof. A. J. Egwakhe. My special appreciation goes to the
non-academic staff of the department, the Secretary, Miss A. Soneye and the Office Assistant,
Mrs, O. Ajibade for their assistance.
Your friends and families

v
 ABSTRACT
Performance of manufacturing sector has faced a lot of challenges with regards to their daily
operation which affect their performance in the form of low product quality, customer
satisfaction, market share, and capacity utilization. Management accounting technique is the
backbone of many manufacturing companies around the world which when properly
managed contributes immensely in improving firm performance. This study investigated the
effects of management accounting practice and performance of manufacturing companies in
Nigeria.

This study adopted a survey research design. The target population for this study was the 20
manufacturing companies in Nigeria. The study collected primary data from the partakers
through a structured Questionnaire. The primary data was obtained from the use of structured
questionnaires. The study targeted four hundred and ninety-nine (499) employees of the
accountant, production, marketing department from the 20 listed manufacturing companies in
Nigeria based on their size which makes it interesting for many researchers (2018). The
sample size was restricted to four hundred and twenty-five (425) respondents using purposive
sampling technique. Data were obtained through the use of a well-structured questionnaire.
Descriptive and inferential (regression) statistics were used for data analysis.

The findings revealed that management accounting practice had significant effect on
performance of listed manufacturing companies in Nigeria (Adj. R2 =0.673; F(4,420) = 149.74=;
p=0.00). Management accounting practice had significant effect on product quality (Adj. R2
=0.566; F(4,420) = 55.46=; p=0.00). Management accounting practice had significant effect on
customer satisfaction (Adj. R2 =0.813; F(4,420) = 182.15=; p=0.00). Management accounting
practice had significant effect on market share (Adj. R2 =0.704; F(4,420) = 100.31=; p=0.00).
Management accounting practice had significant effect on capacity utilization (Adj. R2
=0.609; F(4,420) = 261.02=; p=0.00).

The study concluded that a significant relationship existed between management accounting
practice and performance of manufacturing company in Nigeria. The study recommended
that manufacturing company should consider adopting management accounting practice so as
to enable them increase their level of performance.

Keywords: capacity utilization, customer satisfaction, management accounting technique

market share, product quality,

Word Count: 335