EFFECTIVENESS OF COST ACCOUNTING INFORMATION IN PRICE DETERMINATION A CASE STUDY OF NIGERIA BOTTLING LIMITED (NBL) 9TH MILE CORNER UDI . A RESEARCH PROJECT MATERIAL ON ACCOUNTING
The topic “Effectiveness of cost Accounting information in price determination is looking at cost Accounting when adequately treated and it use to the management of the organization in its planning and decision making.The need for cost accounting came with increased industrialization and expansion in manufacturing. It is therefore obvious that and efficient system of costing is essential for industrial control.In period of boom manufacture are able to show profit not with standing but in periods of trade company.
Accounting has been defined by Ganter and under down in this book titled. “Accounting Theory and practice” as a reporting activity that forms part of any management information system in this regard according is often explained as series of activities that are convicted and form successive steps starting with observing. Then collecting recording analyzing and finally communication accounting information to its users by providing a time and fair basis of decision making accounting facilitates the managerial control process.
The study of modern accounting yields in sight regarding both the accounting role and managers role in an organization. Because managers wants to know how accounts measure performance and often depend upon accounting data for guiding their decisions decision making here can then be defined as making purposeful choosing from among a set alternative courses of action in light of some objectives. Attempts will also be made in the course of this study to ascertain whether in practical situations those techniques in the literature review all operational in this brewing industry. However we need not concern greatly with the boundaries of cost accounting. The major point is that the focus of a modern cost accounting information system is helping managers deal with both the immediate and the distant futures.