The Impact of Management Accounting Practices on the Performance of Manufacturing Firms; An Empirical Evidence from Ghana

Joseph Adu-Gyamfi, Kong Yusheng, Wayne Chipwere


This study aimed at examining the impact of management accounting practices on performance of manufacturing firms in Ghana. The study use a quantitative research approach and data was collected from 200 manufacturing firm’s managers who were selected by means of the probability simple random sampling technique The Statistical Package for the Social Sciences (SPSS), version 18.0, was used to analyze data. Regression analysis was undertaken in order to check the association between management accounting practices and performance The study results shows that costing system, budgetary system, performance evaluation system, strategic management and information for decision making are the key management accounting practices mostly adopted by manufacturing firms in Ghana and these management account practices positively influences the performance of manufacturing firms in Ghana. The study then recommends that most of these management accounting practices has to be adhered to if managers want to increase performance.

Keywords: Management Accounting Practices, Costing System, Budgeting System, Strategic analysis, Performance, Ghana

DOI: 10.7176/RJFA/11-17-13

Publication date:October 31st 2020

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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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