ABSTRACT
The aim of the study is to find out the importance of using costing
techniques such as standard costing, direct costing, absorption costing
etc in the measurement of service oriented organizations. And also to
show the extent on the less of these techniques in planning in the
organization.
For the purpose of this research, questionnaire and interview method
will be used to collect data from the sampled numbers of the
organizations. The response will be analyzed with the less of ratios,
tables, percentages etc.
After a careful examination of the study, the research revealed that
the major problems militating against the use of these techniques in
filling major managerial decisions is the mobility of the accounts
department of these techniques organization, to prepare different types
of the techniques and on time. Based on the findings to be carried out,
the researcher will recommend that, the financial accounting system of
the organization have to be computerized so that its sub-systems will
provide to relevant cost data required by the cost accounting system.
And that, its is only when the service oriented organizations
practically use these techniques in making decision that its relevance
will be assured.
TABLE OF CONTENT
Cover page
Title page
Approval page
Dedication
Acknowledgment
Abstract
Table of content
CHAPTER ONE
1.0 INTRODUCTION
1.1 Background of the study
1.2 Statement of the problem
1.3 Purpose/objectives of the study
1.4 Research questions
1.5 Research hypothesis
1.6 Scope, Limitations of the study
1.7 Definition of terms
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 Definition of cost accounting
2.2 Features of cost accounting
2.3 Principles of cost accounting
2.4 Definition and types of costing techniques
2.5 The role of cost accounting
2.6 Problems of costing techniques
2.7 Remedies of costing techniques
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY
3.1 Research design
3.2 Area of study
3.3 Research population
3.4 Sample and sampling techniques
3.5 Instruments of data collection
3.6 Methods of data presentation
3.7 Method of data analysis
CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS
4.1 Data presentation and analysis
4.2 Test of hypothesis
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary
5.2 Conclusion
5.3 Recommendation
Bibliography
Questionnaire
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The services oriented organizations are the foundations of
industrialization of any nation. Since the introduction of money, people
have been concerned with cost. They think of how to manage money.
Costing system was first recognized in manufacturing industries with the
aim of finding the cost of production or cost of a product, presently,
the system is used very widely in other establishments such as transport
companies, schools, governmental organizations, hospitals, banks, etc.
these examples includes both profit making and non-profit making
organizations. The profit making organizations main aim of adopting
costing system may be to determine the cost of their products or
services among others. The main aim of adopting the system by non-profit
making organizations like government offices is to determine the cost
of their operations and e cost of carrying on their activities such as
the cost of buying stationery for their office work.
Costing system is also applied in house holds. A housewife will list
items to be bought from the market and cost them before going to the
market. The analysis will help her to know the amount she will take to
the market. Costing system is important and is applied in our day to day
activities.
It is also known that costing is the act of analyzing, classifying,
collecting and accumulating past costs using standard methods, while
costing techniques are the ways or dimensions of generating a variety of
information from cost data for management decision making, there are
different types of costing techniques: these includes: standard costing,
marginal costing, absorption costing, uniform costing and cash flow
analysis. The management determine their use by calling for such
information. Looking at al these, the writer strongly believe that the
costing techniques mentioned above can lead on firm through the hers
economic situations.
Cost accounting was introduced to avoid the shortcoming of the
financial accounting. It is only to avoid the possible losses arising
from the mis handling of the financial data. Cost accounting also
attempts to assist the management by reporting the operating result at
regular intervals at different levels of a activities. It has also to
meisue the responsibility of the actual performance against planned
performance.