With the Nigerian manufacturing industry in focus, this paper conceptually addresses the strategic process and prospects of competitor accounting for sustainable industrial advantage. Conventional empirical segments such as materials and methods, results and discussion, as well as conclusions are not tenable herein. Rather, the perspectives strategically underscored are competitor accounting concept, market share target, and competitor reports appraisal. Relevant literary works leveraged in the above-specified areas are adequately cited including the contributions of Guilding (1999), Fleisher and Bensoussan (2002), McCloughan and Abounoori (2003), Lazich (2006), as well as Akenbor and Okoye (2011). Essentially, competitor accounting analysis incorporates operational dimensions such as competitor costs assessment, competitive position monitoring, and competitor financial statements appraisal. Companies efficiently accomplish desired industrial targets by studying the market, predicting and forecasting demand and supply, increasing market share, and strategically sustaining business growth in line with anticipated trends in the industry. Competitor accounting, therefore, portends a strategic tool for captains of the Nigerian manufacturing industry to drive financial performance to higher advantage levels.

Keywords: Competitor accounting, Manufacturing companies, Strategic prospects.