THE
IMPORTANCE OF OPPORTUNITY COSTS IN DECISION
MAKING IN ACCOUNTING
(A CASE
STUDY OF NIGERIAN BREWERIES PLC)
ABSTRACT
This research contains and examines the introduction
of the study the importance of opportunity costs in decision making in
Accounting ( A case study of Nigerian Breweries plc). It focuses on the extent
to which opportunity cost has helped in the decision making of Nigeria
Breweries. In Nigerian Breweries, opportunity cost has been adapted to make the
best alternative decision.
The population of this study includes all the relevant
costs, opportunity costs, products and services of Nigerian Breweries plc. (Lagos depot). The main
sources of data comprised both primary and secondary data. The primary data
were obtained by interview with the research manager while secondary data were
gathered through annual reports and accounts of the company’s Journals, News
papers e.t.c.
Data collected for this research were analyzed through
the use of regression, least square and financial analysis (SWOT analysis and
B. pest analysis)
From the findings of this research, it was discovered
Nigerian Breweries must decide their objectives, willingness to assume risks,
the best alternative and profit objective before making decision.
The research concludes that opportunity cost is an
important tool for decisions making and has a positive impact on the growth of
the company (NB PLC).
TABLE OF CONTENTS
Title
Certification
Dedication
Acknowledgements
Abstract
Table
Contents
CHAPTER ONE
1.0 Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objective of the Study
1.4
Justification Of
The Study
1.5 The Scope and Limitation of the Study.
1.6 Research
Questions
1.7 Research
Hypothesis
1.8
Plans of The
Study
1.9 Definition
of Terms
CHAPTER TWO
2.0 Literature
Review
2.1 Introduction
2.2
Relevance of
Opportunity Costs
2.3 Executive
Summary/ Historical Background
2.4 Cost Categories in Decision Making
2.5
Application of
Relevant Costs
2.6 The Assumptions in Relevant Costing.
2.7 Other Tools for Decision Making
2.8 The
Decision Making Process
2.9 Examples
of Qualitative
Factors
and Quantitative Factors
2.10 The Impact/Effect Of Opportunity
Costs
In Nigerian
Breweries Plc (Nbplc) Decision Making
2.11 Nigerian Breweries Plc- Value Addition
Through
Expansion and Innovation
2.12 Valuation
2.13 Financial Variables
End Note
CHAPTER THREE
3.0 Research
Methodology
3.1 Introduction
3.2
The Study
Populations
3.3
Area of the study
3.4 Research
Design/ Instruments
3.5 Interview
for Data Collection.
3.6 Method of
Data Analysis
End Note
CHAPTER FOUR
4.0 Data Presentation
and Analysis
4.1
Introduction
4.2 Nigerian
Breweries Plc Strategic Intent
4.3 Capital Structure
4.4
Descriptive
Models For Decision Making
4.5 Regression Analysis
4.6 Analysis
of Least Square Model
4.7 Swot
Analysis of Nigerian Breweries Plc
4.8 B. Pest Analysis Of Nigerian Breweries Plc .
4.9 Test of Research Hypothesis
Reference:
CHAPTER FIVE
5.0 The Summary of Findings, Conclusions
and Recommendation.
5.1 Summary
of Findings
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendix
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