EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIES
The place of Strategic Management Accounting (SMA) in contemporary business organizations cannot be over-emphasized. Research has shown that organizations that employ the tools of SMA tend to remain competitive in their industry of operation. Therefore, this study examines the adoption of Strategic...
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2023-11-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/31 |
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| _version_ | 1823859651988422656 |
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| author | Grace Olayemi AJAYI Yemisi OLABISI-AYODELE Olukayode OYEDEJI |
| author_facet | Grace Olayemi AJAYI Yemisi OLABISI-AYODELE Olukayode OYEDEJI |
| author_sort | Grace Olayemi AJAYI |
| collection | DOAJ |
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The place of Strategic Management Accounting (SMA) in contemporary business organizations cannot be over-emphasized. Research has shown that organizations that employ the tools of SMA tend to remain competitive in their industry of operation. Therefore, this study examines the adoption of Strategic Management Accounting Practice in selected Nigerian Consumer Goods Companies with a view to establishing the extent of the adoption of this practice. The study made use of primary data obtained from structured questionnaires administered to concerned managers of the companies. Purposive sampling technique was used to obtain a sample size of 18 firms because of the technicality of the subject matter as well as the availability of required respondents. The data generated was analyzed using descriptive statistics. It was found that all 21 SMA practices examined were adopted with Benchmarking having the highest mean statistics of 4.73 and theory of constraint is the least adopted with an average of 3.36. The study concludes that there is a high rate of adoption of the SMA practices and consequently recommends that the others like theory of constraint and kaizen costing that have relatively lower rate of adoption should be considered by companies that are yet to.
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| format | Article |
| id | doaj-art-e9d7bff6fa6c4fd481e553c61ad0e499 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2023-11-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-e9d7bff6fa6c4fd481e553c61ad0e4992025-02-10T23:06:31ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032023-11-0111EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIESGrace Olayemi AJAYI0Yemisi OLABISI-AYODELE1Olukayode OYEDEJI2Federal Polytechnic Ede, Osun StateFederal Polytechnic Ede, Osun StateFederal Polytechnic Ede, Osun State The place of Strategic Management Accounting (SMA) in contemporary business organizations cannot be over-emphasized. Research has shown that organizations that employ the tools of SMA tend to remain competitive in their industry of operation. Therefore, this study examines the adoption of Strategic Management Accounting Practice in selected Nigerian Consumer Goods Companies with a view to establishing the extent of the adoption of this practice. The study made use of primary data obtained from structured questionnaires administered to concerned managers of the companies. Purposive sampling technique was used to obtain a sample size of 18 firms because of the technicality of the subject matter as well as the availability of required respondents. The data generated was analyzed using descriptive statistics. It was found that all 21 SMA practices examined were adopted with Benchmarking having the highest mean statistics of 4.73 and theory of constraint is the least adopted with an average of 3.36. The study concludes that there is a high rate of adoption of the SMA practices and consequently recommends that the others like theory of constraint and kaizen costing that have relatively lower rate of adoption should be considered by companies that are yet to. https://majaf.com.ng/index.php/majaf/article/view/31Management Accounting PracticesStrategic Management Accounting PracticesConsumer Goods CompaniesCompetitive Advantage |
| spellingShingle | Grace Olayemi AJAYI Yemisi OLABISI-AYODELE Olukayode OYEDEJI EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIES Malete Journal of Accounting and Finance Management Accounting Practices Strategic Management Accounting Practices Consumer Goods Companies Competitive Advantage |
| title | EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIES |
| title_full | EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIES |
| title_fullStr | EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIES |
| title_full_unstemmed | EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIES |
| title_short | EXTENT OF ADOPTION OF STRATEGIC MANAGEMENT ACCOUNTING PRACTICES IN SELECTED NIGERIAN CONSUMER GOODS COMPANIES |
| title_sort | extent of adoption of strategic management accounting practices in selected nigerian consumer goods companies |
| topic | Management Accounting Practices Strategic Management Accounting Practices Consumer Goods Companies Competitive Advantage |
| url | https://majaf.com.ng/index.php/majaf/article/view/31 |
| work_keys_str_mv | AT graceolayemiajayi extentofadoptionofstrategicmanagementaccountingpracticesinselectednigerianconsumergoodscompanies AT yemisiolabisiayodele extentofadoptionofstrategicmanagementaccountingpracticesinselectednigerianconsumergoodscompanies AT olukayodeoyedeji extentofadoptionofstrategicmanagementaccountingpracticesinselectednigerianconsumergoodscompanies |