The impact of management accounting techniques on financial performance of manufacturing firms: Case study of Msasa Industrial Area.
- Author
- Mukazi, Vimbai T.
- Title
- The impact of management accounting techniques on financial performance of manufacturing firms: Case study of Msasa Industrial Area.
- Abstract
- The research sought to establish the impact of management accounting techniques on financial performance of manufacturing firms in Msasa Industrial Area. Manufacturing companies in Zimbabwe are seen as the pillar of the economy. However, they are facing difficulties in their operations that are obstructing their performance and the capability to function on full capacity. This research implemented descriptive research design. The research was restricted to 60 manufacturing companies in Msasa Industrial Area. Stratified and random sampling methods were used to obtain the sample size of 60 respondents and the researcher targeted specific respondents for her research who were finance managers and management accountants who have much knowledge about management accounting techniques. In addition, Qualitative approach was implemented where structured questionnaires and interviews were used for data collection. Primary and secondary data was used in this project whereby the core sources of associated literature were text books and internet journals. In this research, the Statistical Package for Social Sciences (SPSS) version 24 was used for regression analysis and descriptive statistics, permitting the researcher to present the data in form of tables. This was simplified mainly with the aid of the Likert Scale model ranging from a very lesser extent to a very greater extent. The study concluded that many manufacturing firms in Msasa Industrial Area are applying management accounting techniques especially Activity based costing, throughput accounting as well as capital budgeting for investment decisions. Applying management accounting techniques is helping firms in sound decision making although the greatest challenge manufacturing firms are facing is lack of resources to fully implement the needed management accounting techniques.
- Date
- 2022
- Publisher
- BUSE
- Keywords
- Accounting techniques
- Financial performance
- Supervisor
- N/A
- Item sets
- Department of Accountancy