Browsing by Author "Goytom G/egziabher"

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    Assessment of Cost Accounting Practice: The Case of Segon Marill International Movers Plc in Ethiopia.
    (A.A.U, 2024-07-02) Goytom G/egziabher; Kelifa Sromolo (PhD)
    This study aimed to assess the cost management practices of Segon Marill International Movers P.L.C. The sample size of this study is 12 employees of the company. The researcher used both open-ended and closeended Questionnaires and interviews to collect data from the company's employees and top management. The findings revealed that the company has a separate cost accounting department with professionally Qualified and efficient staff, although the department lacks adequate personnel. The company utilizes Marginal, Standard, and Job Order costing approaches, but the current costing method is perceived to be complex, lacking in transparency, and in need of better integration and automation. The study found that the company extensively uses cost accounting information to support operational efficiency, control, and strategic decision-making, but there are opportunities to further optimize its application. The company has a strong focus on cost reduction and control through strategies such as operational efficiency, inventory management, employee engagement, and supplier negotiation. Based on the findings, the study recommends that the company should ensure the cost accounting department has sufficient staff, empower the department to collaborate across the organization, regularly review and streamline the costing approaches, invest in robust cost accounting systems, and foster cross-functional collaboration. Additionally, the company should simplify the costing processes and optimize the system's structure to improve transparency and ease of use.