The Role of Cost Accounting in Decision Making in Small and Medium Enterprises: A Case Study of Small And Medium Enterprises in Mukono.
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Date
2023-08-29
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Uganda Christian University
Abstract
ABSTRACT
The business world is in the era of high competition. This is because of the level of complexity that we are seeing from globalization and advanced industry. That means any manager needs all the support he/she might need from anywhere possible to make a sound decision. Cost accounting is one of these tools for supporting managerial activities. Specially, as the industry transforms itself from cottage to mass production and now flexible, cost accounting role is increasing and becoming more and more crucial.
The main theme of this study was to assess the role of cost accounting for decision making in SMEs. This research was about that the role of cost accounting in decision making in SMEs. The study was carried out in Mukono under the general objective to examine the role of cost accounting in decision making in small and medium enterprises in Mukono municipality. A study population of 50 respondents was used and 30 respondents gave feedback as a questionnaire was used to collect data
In the literature review the researcher exclusively showed the relationship between the cost accounting techniques and the decision making process in SMEs. The findings then showed the role that the cost accounting techniques play in decision making in SMEs as per the results that were found that there was research.
In conclusion, the researcher had a few limitations though the researcher was able to find out how SMEs responded to the role of cost accounting in decision making and some recommendations were made on how best the SMEs can put it into use and embrace cost accounting techniques more in their operations.
Description
This is a dissertation.