IMPACT OF MANAGEMENT ACCOUNTING ON FINANCIAL PERFORMANCE A CASE STUDY OF CFAD NIGERIA PLC

 
CHAPTER ONE
INTRODUCTION
1.1 GENERAL DESCRIPTION OF STUDY
The term management accounting came into use when accountants added to their existing function, it is not new though the interest shown in it is of relatively recent origin.Management accountants particular task is to provide information to his colleagues relating to the economics aspect of the operation of an enterprise, which he will take from the field of accounting such techniques as will be useful he will always look at the enterprise with the eye of a manager, conscious of management problems, responsibilities, opportunities, limitations, hopes and fears.
Management accounting is abroad based electric subject drawing upon relevant concepts and principles from economics, statistics, operational research, management behavioural science, information system as well as from cost and financial accounting.It could be reasonably assumed that if there is a sound management accounting department in an organization which produces relevant and accurate information as the right time, then such an organization is bound to financially perform well if such information as the right time, then such an organization is bound to financially perform well, if such information is effectively and efficiently utilized.