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In today’s competitive world of business, having accurate information is the key factor in distinguishing between the loser and the winner. Cost and management accounting embrace a range of techniques essential to all phases of product life cycle from providing reliable information for strategic decision making to managing construction and maintenance of costs. This study attempts to investigate the degree of Adoption of cost and management accounting techniques in Selected Manufacturing companies in and around Addis Ababa, Ethiopia. Further, factors affecting the adoption of those techniques were examined. Finally, the perceived effect of adopting these techniques on the company’s operating efficiency and financial performance were evaluated. In doing so, Descriptive and explanatory research design were used for achieving multi-dimensional objectives of this study. Simple Proportional Allocation stratified sampling Technique was employed for determining the sample size from each stratum of manufacturing firms. Total sample of 91 manufacturing firms in and around Addis Ababa were included in this study & structured survey Questionnaires were distributed to each of them. Consequently, 65 usable Questionnaires were collected back and used for analysis and discussion of results. The finding of this study revealed that, currently selected Ethiopian manufacturing firms in study area are gradually adopting cost and management accounting techniques. The widely adopted cost and management accounting tool was budgeting control techniques with weighted mean average of 3.94 and standard deviation of .634. Throughput accounting was the least adopted techniques by respondent firms. Further, multiple regression model analysis result indicated that, 80.8% of variation in adoption of cost and management accounting techniques by manufacturing firms in and around Addis Ababa was explained by factors included in the model. finally, finding of this study indicated that, there was significant effect of adopting cost and management accounting techniques on sample manufacturing firms operating efficiency and financial performance. The researcher recommended the management of Ethiopian manufacturing firms to give due consideration for adoption and implementation of sophisticated cost and management accounting techniques since it helps them to compete successfully and improve overall performance of their organization.

Adoption of Cost and Management Accounting Techniques: Survey Study on Selected Manufacturing Firms in and Around Addis Ababa, Ethiopia