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Application of Competitor Focused Accounting (CFA) Method as Competitive Advantages in Foods and Baking Enterprises in Kano, Jigawa and Bauchi States of Nigeria

Author

Listed:
  • Sabo Usman

    (N/A)

  • Musa Muhammed Bello

    (N/A)

Abstract

The paper explores the application of competitor focused accounting (CFA) method as competitive advantages in foods and baking enterprises in Kano, Jigawa and Bauchi states of Nigeria. The population of the study is made up of all foods and baking enterprises in the three states out of which nine (9) enterprises three (3) from each state have been selected to form the sample of the study. The one-sample t-test and the frequency table have been used in the analysis of the data. Ninety (90) questionnaires have been administered out of which seventy eight (78) have been collected. The findings of the study reveal that all aspect of competitor focused accounting method captured in the study (Competitor Cost Assessment, Competitor Position Monitoring, Competitor Appraisal based on Financial Statement) are significantly used in the foods and baking enterprises in the three (3) states. It is recommended that the competitor focused accounting method should be more formally used in food and baking enterprises in the states. Finally, they should introduce comprehensive accounting system by ensuring that record keeping and preparation of financial statements is given utmost regards as it has received less concentration.

Suggested Citation

  • Sabo Usman & Musa Muhammed Bello, 2019. "Application of Competitor Focused Accounting (CFA) Method as Competitive Advantages in Foods and Baking Enterprises in Kano, Jigawa and Bauchi States of Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 3(3), pages 208-216, March.
    • Handle: RePEc:bcp:journl:v:3:y:2019:i:3:p:208-216
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    References listed on IDEAS

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    1. Guilding, Chris, 1999. "Competitor-focused accounting: an exploratory note," Accounting, Organizations and Society, Elsevier, vol. 24(7), pages 583-595, October.
    2. Vroom, Govert & Mccann, Brian T., 2009. "Ownership structure, profit maximization, and competitive behavior," IESE Research Papers D/800, IESE Business School.
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