MANAGEMENT ACCOUNTING TECHNIQUES ON ORGANISATIONAL DECISION MAKING IN NIGERIA

Abstract

Decision making is considered very essential in any organization more importantly in this competitive global world as the success and failure of any organization depends largely on the decision made by the management. Such decision could be strategic, tactical or operational. For an organization to make sound decision, qualitative management accounting techniques are required. The study therefore seeks to examine the impact of management accounting techniques on organizational decision making in tertiary institutions in Ondo state, Nigeria. The study is empirical research work. Data were collected using closed ended 5-Point Likert-scale and dummy response questionnaire which were administered on scholars, accountants and postgraduate accounting students in in tertiary institutions in Ondo State, Nigeria. The population of the study is the entire scholars, accountants, auditors and postgraduate accounting students in the institutions.  The sample size for the study is 300 respondents from the institutions. Thedata obtained were analyzed using descriptive statistic in line with Logit Likelihood Statistical Techniques to justify the significant of management accounting techniques on the variables of variance analysis technique, marginal costing technique, activity-based costing, activity-based management, total quality management and. balance scorecard technique on organizational decision making at tertiary institutions in Ondo State, Nigeria. The study covered a period of ten years from 2014 to 2024. The sample technique adopted for the study is purposive sample technique. The findings of the study shown that some of the traditional management accounting techniques are still relevant for decision making in tertiary institutions in   Ondo State, Nigeria while modern management accounting techniques are more relevant in organizational decision making in the institutions. The study concluded that despite the fact that some of the traditional management accounting techniques are still useful in decision making, Focus should be shifted to modern management accounting techniques to enhance quality decision making in tertiary institutions in Ondo State, Nigeria Some of the recommendations of the study are: (i) Utilization of Variance Analysis Technique (VAT) to conductbudget control should be done in order to compare actual performance and budgeted figures so as to identify deviations and their causes because insights to take corrective actions promptly, ensuring financial and operational performance to stays on track. (ii) Government should implement Total Quality Management Technique (TQMT) in tertiary institutions to significantly improve organizational decision-making by fostering a culture of continuous improvement, customer focus, and data-driven analysis. By involving all stakeholders, standardizing processes, and focusing on strategic alignment, institutions can enhance their overall quality and effectiveness.