THE IMPACT OF STRATEGIC MANAGEMENT ACCOUNTING AND PROFITABILITY ON NON-FINANCIAL SERVICE COMPANIES IN NIGERIA.
Abstract
This study examines the impact of strategic management accounting (SMA) on the profitability of nonfinancial service companies in Kwara State, Nigeria. The research specifically focused on strategic costing, competitor accounting, and performance measurement systems as key SMA practices. A descriptive survey design was adopted, and data were obtained from 100 finance and strategy professionals across selected firms. The data were analyzed using correlation and regression techniques. The findings revealed that SMA practices, both individually and jointly, showed weak and statistically insignificant effects on profitability. Strategic costing recorded a negative but non-significant influence, while competitor accounting and performance measurement systems exhibited weak positive but insignificant relationships with financial outcomes. The study concludes that the limited impact of SMA on profitability in the Nigerian non-financial service sector stems from inadequate implementation, poor integration into decision-making, and contextual challenges such as weak infrastructure and limited expertise. It recommends improved managerial training, stronger adoption of advanced accounting tools, and strategic alignment of SMA practices to enhance profitability and ensure sustainable growth.
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