An Appraisal of the Efficiency and Impact of Cost Control System on Corporate Profitability: A Case of the Nigerian Breweries Plc, Aba-Abia State.

Abstract

The theme of this study considered the impact and efficiency of cost control system in corporate profitability (a case of the Nigerian Breweries Aba, Aba State). In the management set- up, cost control is used as an indispensable tool, which aid organization to attain their corporate objectives of profit maximization. This study reveals the cost structure in manufacturing type, cost control adopted to minimize waste of resources. Critically, the opinions of those that occupy the key positions of the organization such as the chief accountant, the logistic manager, technical officers etc were sorted and it was of immense help to this study. For the achievement of the objectives of this research, data were collected by use of oral interview and questionnaires. Data collected were subjected through analysis using simple percentage, frequency and histogram distribution while the stated hypothesis were tested using chi-square (X2 ) to ascertain its reliability and objectivity. The result of the research shows that the organizations adopt cost control measures and this control accords management the opportunity to achieve corporate performance and profitability. The management should emphasize more on the training of employees on the application and measures of cost control and enlighten them on the relationship, which exits between cost control and profitability. Finally, the organization should try an embrace the technological and economic trends in the society in order to have a vital edge over its profitability.