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Cost Accounting Practice in the Oil IndustryProject / Seminar Material Reference ID: PS-140-TM |
DEDICATION
This research work titled "Cost Accounting Practice in the Oil Industry" is dedicated to God for his enabling grace and to all computer enthusiasts who help to make life a pleasant experience.
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ACKNOWLEDGEMENT
I owe my indebtedness to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Accountancy / Accounting, Book Authors and Profound Scholars of existing/related research work for your moral support that facilitated the successful completion of my (Tertiary Institution level). I am grateful to God Almighty and my parent for their financial support in my career. I really appreciate you all for everything, Thank you very much.
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TABLE OF CONTENTS
1.0 Introduction
1.1 Statement of the problem
1.2 Objective of the study
1.3 Research Questions
1.4 Hypothesis
1.5 Significance of the study
1.6 Scope of the study
1.7 Limitation of the study
1.8 Brief profile of Nigeria oil and gas
1.9 Definition of term
CHAPTER TWO
2.0 Literature review
2.1 The nature of cost accounting
2.1.1 Historical development of costing
2.1.2 Advent of the oil industry in the world
2.1.3 Classification of cost
2.1.4 Cost behaviour
2.1.5 Element of cost
2.1.6 Cost accounting method
2.1.7 Cost accounting Technologies
2.1.8 Marginal costing and absorption costing
2.1.9 Standard absorption and standard marginal costing
2.1.9 Overhead allocation
2.2 Accounting of work in progress
2.3 Cost accounting practice in oil industry
2.3.1 Costing accounting policy in the oil and gas industry
Chapter Three
3.0 Summary Conclusion And Recommendation
3.1 Conclusion
3.2 Recommendation
Bibliography
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ABSTRACT
The importance of this product is obviously the worry of all Nigerians. This study has therefore given a non down of how cost accepting can be relevant in the planning an organizing petroleum product in our economy, in which we all have a stake.
To the light of the foregoing, the research is aimed at finding out how effective is cost accounting practices in the oil industry, the problems and identifying ways and means of solving the differences we have in its use.
Therefore, in this research, the researcher made use of both primary and secondary sources of data. The primary sources includes interview, observation and most importantly form well structured questionnaires which were distributed to staff of the oil companies in oil industry.
The secondary data came in form of text, journal, and seminar paper in order to ascertain or support the research findings responses were analyzed using percentages.
The researcher has achieved some objections in this work and these are:
- That costing is a daily exercise and the costing element materials, labour and overheads.
- That there exist some relationship between cost accounting techniques and methods taught in school and those actually practiced in the oil industry.
- Also that the companies uses contact costing method more than other costing methods.
- The successful effort method and the full, cost methods are peculiar to the oil industry.
- The research work has concluded with some recommendation on part of the deficiencies in this study.
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Cost Accounting Practice in the Oil Industry
CHAPTER ONE
Acknowledgement
Table of content
Abstract
Chapter One
1.0 Introduction
1.1 Statement of the problem
1.2 Objective of the study
1.3 Research Questions
1.4 Hypothesis
1.5 Significance of the study
1.6 Scope of the study
1.7 Limitation of the study
1.8 Brief profile of Nigeria oil and gas
1.9 Definition of term
Chapter Two
2.0 Literature review
2.1 The nature of cost accounting
2.1.1 Historical development of costing
2.1.2 Advent of the oil industry in the world
2.1.3 Classification of cost
2.1.4 Cost behaviour
2.1.5 Element of cost
2.1.6 Cost accounting method
2.1.7 Cost accounting Technologies
2.1.8 Marginal costing and absorption costing
2.1.9 Standard absorption and standard marginal costing
2.1.9 Overhead allocation
2.2 Accounting of work in progress
2.3 Cost accounting practice in oil industry
2.3.1 Costing accounting policy in the oil and gas industry
Chapter Three
3.0 Summary Conclusion And Recommendation
3.1 Conclusion
3.2 Recommendation
Bibliography
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …
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Cost Accounting Practice in the Oil Industry
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Cost Accounting Practice in the Oil Industry is a proposal topic for final year research work, which comprises the major and elective project proposal writing sections for Cost Accounting Practice in the Oil Industry research work.
Major Sections
Motivation for Embarking on the Project
Brief Background of Study
Statement of Problems
Aim of the Study
Specific Objectives of the Study
Significance of the Study (Who benefits from the project and how?)
Elective Sections
Relevant Research Questions
Relevant Research Hypotheses
Defense Procedure for Accounting Researchers
Know your Project / Seminar Work (Cost Accounting Practice in the Oil Industry): Here are the key point to study if your work is cumbersome or not.
- Abstract
CHAPTER ONE
- Motivation / Statement of Problems
- Aims & Objective of Study
- Scope of Study
- Significance of Study
CHAPTER TWO
- State two or more citation from your review of related literature.
CHAPTER THREE
- Know the methodologies, tools and techniques used.
CHAPTER FOUR
- Justification of your work and things to adhered to before using the system or research work.
CHAPTER FIVE
- Conclusion and Recommendation
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