C. C. Okolocha, Eucharia Chinwemma Nwagu


This study determined the extent of the adoption of management accounting practices as tools for decision-making in manufacturing firms in Anambra State, Nigeria. Two research questions were answered in the study and four null hypotheses were formulated and tested at 0.05 level of significance. The study adopted a descriptive survey design. The population of the study comprised of 292 owners and managers of registered manufacturing firms with the Ministry of Commerce and Industry, Corporate Affairs Commission, Awka, Anambra State. A purposive sampling technique was used to select a sample size of 228 registered manufacturing firms in Onitsha, Nnewi and Awka. Data for this study was collected using a structured questionnaire titled Questionnaire on Adoption of Management Accounting Practices by Manufacturing Firms (QOAOMAPBMF)’ developed by the researchers based on the insight gained from the literature review and the research questions guiding the study. The reliability of the instrument was determined using the Cronbach Alpha co-efficient which yielded a reliability value of 0.95 and 0.81 respectively for the two clusters with an overall reliability value of 0.88. Descriptive statistics of mean and standard deviation were used to answer the research questions to determine the homogeneity or otherwise of the respondents’ views, while the ANOVA was used to test the null hypotheses at a 0.05 level of significance. The findings revealed that costing systems and budgeting systems are adopted as tools for decision-making by manufacturing firms in Anambra State, Nigeria to a great extent. Owners and managers do not significantly differ in their academic qualifications in this regard, but they differ significantly in their years of working experience. The researchers concluded that manufacturing firms in Anambra State, Nigeria would benefit immensely from the effective and efficient adoption of management accounting practices which will enhance and boost their decision-making so as to increase their competitive advantage in the long run. Based on the findings, it was recommended among others that the management of manufacturing firms should update themselves on management accounting practices through training and workshops organized by relevant research institutes and set a benchmark for the adoption of management accounting practices with the aim to improve the adoption of these practices.


JEL: O12; O14; O20


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DOI: http://dx.doi.org/10.46827/ejefr.v7i2.1497


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