Applying management accounting techniques in risk management: A case study of Fedan investment limited, Lagos, Nigeria.
Aghachi, James Enyinnia
Aghachi, James Enyinnia
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Abstract
Fedan Investment Limited, a Nigeria based company, is engaged in the production (through partner firms overseas) and distribution of branded phone accessories and other products. The complex and competitive nature of its operating environment makes risk management a challenging task. Thus, the company seeks to adopt more visible and transparent measures that will improve its risk management capabilities and engender greater organisational legitimacy. This study sought to describe in this regard how the risk management process of the
company could be improved within the context of the application of management accounting techniques. A wide range of related literature was reviewed as a background for the study, and a mix of structured questionnaires and interviews with the operational and senior level managers of the company provided the primary data source. Related themes emerging from the analysis of the responses were categorised in respect of the research questions posed for the study. The findings suggest that relevant management accounting techniques, developed
and adapted to the company’s size and complexity of operation, will improve the ability of its management to identify, assess and mitigate the significant risks associated with the business operations of the company.
Description
Submitted in partial fulfilment of the requirements for the degree Magister Technologiae: Cost and Management Accounting in the Department of Finance and Investment Faculty of Economics and Finance at Tshwane University of Technology.
Date
2021-01-02
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Tshwane University of Technology
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Keywords
Enterprise risk management, Management accounting techniques, Management control, Risk, Risk management, Risk management process, SMEs