Effect of Strategic Management Accounting Techniques on Performance of Manufacturing Firms in Southwest Nigeria

This study investigates the impact of Strategic Management Accounting Techniques (SMATs) on the performance of manufacturing firms in southwest Nigeria, focusing on Adeyemo Aluminum Company from 2019 to 2023. The primary objective of this study is to examine the relationship between SMATs and firm performance, including productivity, efficiency, and profitability.Specifically, the study aims to investigate the adoption and effectiveness of SMATs among manufacturing firms in southwest Nigeria, examine the impact of SMATs on firm performance, and identify the factors that influence the adoption and effectiveness of SMATs. A descriptive research design was employed, using secondary data from annual reports, financial statements, industry reports, and academic journals. The data was collected from Adeyemo Aluminum Company's records and industry publications from 2019 to 2023.Descriptive and inferential statistics were used to analyze the data. The results reveal a strong positive correlation between SMATs adoption and firm performance.The study found that firms that adopted SMATs reported higher productivity, efficiency, and profitability compared to non-adopters. Additionally, the study found that firm size, industry type, and management accounting experience significantly influence SMATs adoption and effectiveness. The study concludes that SMATs adoption has a significant positive effect on manufacturing firms in southwest Nigeria, enhancing firm performance and competitiveness. The findings highlight the importance of SMATs for manufacturing firms, policymakers, and stakeholders.The study recommends that manufacturing firms in southwest Nigeria should adopt SMATs to improve their performance and competitiveness. Additionally, the study suggests that policymakers and stakeholders should provide support and incentives for manufacturing firms to adopt SMATs