ASSESSMENT OF MANAGEMENT ACCOUNTING PRACTICE : IN CASE OF WANZA FURNISHINGS INDUSTRY PLC

Abstract

This paper aims to see the assessment of managerial accounting practice being applied & to assess its result on performance in Wanza Furnishings Industry PLC. A mixed research approach was used to answer the research questions that begin through literature review relevant for the study. The study analyzed data obtained from questionnaire ,interview & document review in the company. The study result indicates that the issues such as Costing system Practices, Budget system Practices, Performance Evaluation Practice and Information for Decision Making Practice are significant in clarifying the practice of Wanza Furnishings Industry PLC. The study also suggest that the company should have to evaluate performance using non-financial measures of performance evaluation systems,the researcher also recommends that various information for decision making practices should be implemented and get serious attention.