ABSTRACT
This research is aimed at evaluating the impact of
responsibility accounting on the financial performance of company's in Nigeria.
Responsibility accounting involves different organizational sub-units like the
cost, profit, and investment departments. These departments or sub-units
provide information to top management about their performances. This system of
accounting cannot work except the organization is decentralized. The research
highlighted how decentralization can work effectively where responsibility
accounting system is established and how responsibility reports can assist in evaluating
performance of subordinates and the sub-units. Therefore, to achieve the aim of
this research, the researcher collected data's of three (3) different
responsibility centers of Warn Refining and Petrochemical Company Limited,
Delta State and formulated hypotheses were tested using Pearson's correlation
coefficient and simple regression analysis after which the findings,
recommendations and conclusions were made. FINDINGS: After testing the
hypotheses based on the data collected, it was observed that the company
maintained effective internal control system and the concept of
decentralization is in practice. Also the measurement of profit is complicated
by the problem of transfer prices and a managers competency, can affect a
companies financial performance. However, the researcher recommends that unit
managers should ensure that the quality and quantity of services they produce
should influence the financial performance of the company. Finally,
responsibility accounting is an effective tool for evaluating the financial
performance of a company
OKORIE, C (2021). Evaluation Of The Impact Of Responsibility Accounting On The Fimancial Performance Of Company's In Nigeria. Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-the-impact-of-responsibility-accounting-on-the-fimancial-performance-of-companys-in-nigeria-7-2
CHINEME, OKORIE. "Evaluation Of The Impact Of Responsibility Accounting On The Fimancial Performance Of Company's In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 16 Nov. 2021, https://repository.mouau.edu.ng/work/view/evaluation-of-the-impact-of-responsibility-accounting-on-the-fimancial-performance-of-companys-in-nigeria-7-2. Accessed 28 Nov. 2024.
CHINEME, OKORIE. "Evaluation Of The Impact Of Responsibility Accounting On The Fimancial Performance Of Company's In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 16 Nov. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-the-impact-of-responsibility-accounting-on-the-fimancial-performance-of-companys-in-nigeria-7-2 >.
CHINEME, OKORIE. "Evaluation Of The Impact Of Responsibility Accounting On The Fimancial Performance Of Company's In Nigeria" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-the-impact-of-responsibility-accounting-on-the-fimancial-performance-of-companys-in-nigeria-7-2