IMPACT OF COST CONTROL ON ORGANIZATIONAL PERFORMANCE (A STUDY OF GLOBACOM NIGERIA LIMITED)

This research work focused on the impact of cost control or organizational performance. The specific objectives of this study include to ascertain if cost control as an independent variable is to be considered for an effective and efficient performance of any organization, to ascertain the relationship between cost control and industrial growth and also to ascertain the accounting systems which are designed to control costs. The reserachers viewed many textbooks and journals. The methodology used in this study is descriptive research design and the population of the study is 60 in number. The sample size of 52 was calculsted using taro Yamane formular. Chi-square (X2) meythod of statistics was used in testing of hypothesis at 0.05 of 5% or 5% level of significance. The study revealed that cost control as an independent reliable is to be considered for an effective and performance of any organization and ascertain the relationship between cost control and industrial growth. This study recommend that cost control shuld be operated in every department in an organization especially the production department in order to make sure that the number of finished goods and properly accounted for.