EFFECTIVE APPLICATION OF BREAK EVEN ANALYSIS IN MANAGEMENTS FIRMS

Code: 3ED2712019  Price: 4,000   45 Pages     Chapter 1-3    6515 Views

This research work is an appraisal of the “EFFECTIVE APPLICATION OF BREAKEVEN ANALYSIS IN MANUFACTURING FIRMS” This work is firmly directed towards, the need and usage of breakeven analysis by managers and accountants in manufacturing firms. Breakeven analysis is a management tool that could be used in making vital decisions when a firm is faced with problems having lost, volume and profit implication, However, breakeven analysis can be a valuable and reliable decision-making tool if it is exhaustively conducted and applied. Based on the findings, some recommendation on two to revert the situation towards effective application was made which include:  That seminar, symposia, and workshops on application breakeven analysis should be organized by bodies like the Institute of Chartered Accountants of Nigeria (ICAN), Nigeria Institute of Social Economic Researcher (NISER) Nigerian Institute of Management.  That the Institute of Chartered Accountants of Nigeria should start the publication of a new professional journals in Nigeria devoted solely to the development of the theory and application of management accounting principles and techniques. Hence, we, therefore, conduct that if the above-mentioned recommendations are understood, accepted and implemented. Our manufacturing firms will be able to make better cost-volume-profits decisions, which will result is increased efficiency of the manufacturing sector or industry.

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