MANAGEMENT ACCOUNTING PRACTICES IN NEPLEASE INSURANCE COMPANIES

Abstract

Banks have the best chance to compete in the market and give their customers the highest-quality goods and services by offering management accounting. This study set out to look into how management accounting methods affected the performance of insurance companies, particularly those in Nepal. Descriptive and causal comparative research design was used in this investigation. The target audience for this study included all 39 insurance companies with top, medium, and lower level management personnel included. Convenience sampling provided an impartial selection that was representative of the population, which was crucial for deriving inferences from the study's findings. 100 questionnaires were distributed by the study. A questionnaire was used for primary data collection since it was a quick and easy method to collect data given the limited resources and time available. In this study, a descriptive research design was used. The three Nepali "A" class insurance companies were the study's target group. This investigation encompassed three insurance companies. The respondents provided primary data for the study. Quantitative data was gathered. The IBM Statistical Package for Social Sciences (SPSS 23.0) was used for data analysis, enabling the researcher to display the data as tables and figures. According to the study's findings, the most popular management accounting technique among Nepal's insurance companies is using information for decision-making. Budgeting, performance evaluation, costing, controlling, and decision-making are the next most popular activities. As the most popular management accounting technique among Nepal's insurance companies, this study suggests raising and promoting awareness among businesses of the value of information for decision-making processes.