Government of Ghana's flagship programme of One District One Factory (IDIF) is aimed consolidating the nation's...

 

Transcribed Image Text:

Government of Ghana's flagship programme of One District One Factory (IDIF) is aimed consolidating the nation's effort towards industrialization, with a major goal of creating employment for the teaming youth and for Ghanaians to patronise made in Ghana goods. Previous government efforts targeted National Board of Small Scale Industrial (NBSSI) to serve as a spring board in achieving these goals. The challenge is that our Small and Medium Enterprise have not lived up to expectations dues their inability to provide adequate and relevant data to prompt management decision making. Ghanaian SME are dominated by one-man self- style business without the needed skilled human resource and are not interested in joint ventures or partnerships to take advantage of any synergy, making Ghana to lack in the global industrial ranking. Chinese Industries have grown and exported everything under the sun including 'COVID -19' as a result of good cost and management accounting practice. We need to grow our SME's the question is How do we do it? a) As a level 300 student, select any Ghanaian business set up and design a cost and management accounting systems bearing in mind costing methods and techniques in cost ascertainment. Which will ultimately help the business entity in costing and pricing of its products/services for the Ghanaian economy. (15 marks) b) What were the relevant data obtained from your write up to assist management in its decision- making role? (5 marks) (Total 20 marks) Government of Ghana's flagship programme of One District One Factory (IDIF) is aimed consolidating the nation's effort towards industrialization, with a major goal of creating employment for the teaming youth and for Ghanaians to patronise made in Ghana goods. Previous government efforts targeted National Board of Small Scale Industrial (NBSSI) to serve as a spring board in achieving these goals. The challenge is that our Small and Medium Enterprise have not lived up to expectations dues their inability to provide adequate and relevant data to prompt management decision making. Ghanaian SME are dominated by one-man self- style business without the needed skilled human resource and are not interested in joint ventures or partnerships to take advantage of any synergy, making Ghana to lack in the global industrial ranking. Chinese Industries have grown and exported everything under the sun including 'COVID -19' as a result of good cost and management accounting practice. We need to grow our SME's the question is How do we do it? a) As a level 300 student, select any Ghanaian business set up and design a cost and management accounting systems bearing in mind costing methods and techniques in cost ascertainment. Which will ultimately help the business entity in costing and pricing of its products/services for the Ghanaian economy. (15 marks) b) What were the relevant data obtained from your write up to assist management in its decision- making role? (5 marks) (Total 20 marks)

Answer rating: 100% (QA)

a We have selected Textile Business in Ghana in order to determine the determinants of cost inefficiencies among Textile businessman in Ghana The Cost approach estimates the general and inefficiency m... View the full answer