THE RAMIFIED FASTORS AFFECTING THE CONCEPT OF PROFITABILITY AS A GUIDE TO POLICY DECISION IN ACCOUNTING

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THE RAMIFIED FASTORS AFFECTING THE CONCEPT OF PROFITABILITY AS A GUIDE TO POLICY DECISION IN ACCOUNTING (A CASE STUDY OF SOME MANUFACTURING INDUSTRIES IN OSHIMY SOUTH L.G.A OF DELTA STATE

 

ABSTRACT: Before I delve into this issue, Let us look from the realistic point of view, the concept of profitability- it can be seen as that concepts which provides management with alternatives course of action according in the various degree of profitability, stating dearly in relevant cost accounting from the costs and benefit associated with individual projects which enables management to the most profitable. Majority of the policy decision of manufacturing industries are generally directed towards profitability. Policy decisions made under  this concept has direct effect on increasing and enhancing the  general profitability of the manufacture industry  concerned. Unfortunately, this laudable guide has been relegated  to supportive role in some manufacturing  industries because of certain  factors million against . Such factors have in most cases affected the profit position of industries and in extreme cases to huge losses, which sometime ding such companies involved for unexpected liquidation. Hence, this project work tried to know those factors affecting the concept and respective effects on the profit position of the selected industries. In view of covering the three dimensional focus  of the research the project focused on three major areas:

  1. The exogenous factors affecting the  concept of profitability.
  2. The endogenous factors affecting the concept of profitability.
  3. The political factors affecting the concept of profitability.

These three areas combined to give a broader view of the factors militating against the concepts of profitability.

 

TABLE OF CONTENTS

CHAPTER ONE

INTRODUCTION                                                                                                    10

  1. Background of study                                                                        12
  2. Statement of study                                                                                     14
  3. Purpose of study                                                                               14
  4. Scope and limitation of study                                                           15
  5. Definition of terms                                                                                     16

 

CHAPTER TWO

DEFINITIONS/FUNCTIONS                                                                            18

  1. Cost                                                                                                  19
  2. Material costing                                                                                19
  3. Labour costing                                                                                  20
  4. Factory overhead                                                                              20
  5. Costing method                                                                                 21

 

CHAPTER THREE

SUMMARY OF FINDINGS/CONCLUSION AND

RECOMMENDATION                                                                              30

3.1     Finding                                                                                              30

3.2     Conclusion/Recommendation                                                           36

Bibliography                                                                                     44

Appendix.

 

CHAPTER ONE

INTRODUCTION

The concept of profitability can be defined as that concept which provides management with alternative course of action according to the various degrees of profitability stating dearly in relevant cost accounting forms, the costs and benefits associated with individual project which enable management for select the most profitable.

 

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THE RAMIFIED FASTORS AFFECTING THE CONCEPT OF PROFITABILITY AS A GUIDE TO POLICY DECISION IN ACCOUNTING (A CASE STUDY OF SOME MANUFACTURING INDUSTRIES IN OSHIMY SOUTH L.G.A OF DELTA STATE

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