Publisher: Centre For Social Science Research Enugu

Cost Accounting As A Vehicle For Entrepreneurship Development In Nigeria: An Empirical Study of Selected Entrepreneurs In Delta State

Okoroyibo, Eloho Elizabeth,
KEYWORDS: Cost Accounting; Vehicle; Entrepreneurship; Development.


This study was carried out to investigate cost accounting as a vehicle for entrepreneurship development in Nigeria – An empirical study of selected entrepreneurs in Delta State, Nigeria. A set of structured questionnaire was used as the instrument for data collection and administered on 100 entrepreneurs in Delta State, Nigeria randomly selected using Yaro Yameni formula. Applying the formula, the simple size from a population of 100 is 80 respondents at 95% confidence level. Data analysis was made and the hypotheses formulated were tested using the pearson correlation co-efficient at 0.05% level of confidence. The results revealed that positive and significant relationship exists between cost accounting in assisting entrepreneurs in cost reductions and elimination of wastages. The study concluded that for entrepreneurship development to be successful, application of cost accounting is imperative. The study recommended gradual introduction of cost accounting system, studying the organizational structure of the enterprise, study and effectiveness of the system and a host of others for effective application of cost accounting for entrepreneurship development.

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