Abstract
Managerial accounting tools are vital controlling techniques to businesses. Nevertheless, the acceptance of managerial accounting tools in business might challenge directors in Tra Vinh’s business environment. The current research employed multiple regression analyses to investigate the influence of the acceptance of managerial accounting tools in Tra Vinh’s enterprises. The empirical findings demonstrate the usefulness of managerial accounting tools, environmental uncertainty, the structure of corporate governance, organizational interdependence and organizational size have positive impacts on the acceptance of managerial accounting tools in business. The structure of corporate governance and the usefulness of managerial accounting tools are the two strongest factors determining the acceptance of managerial accounting tools in business. The current research will help directors in Tra Vinh’s enterprises establish efficient managerial accounting tools in business that are suitable to the usefulness of managerial accounting tools, environmental uncertainty, the structure of corporate governance, organizational interdependence, and organizational size, so that they can gain the best possible effectiveness.
Highlights
Managerial accounting tools are commonly regarded as a vital controlling instrument which can provide directors with accounting information for making better business decisions and better using corporate resources. Johnson and Kaplan (1987) contended enterprises necessitate managerial accounting tools for sensible and exact information to effectively control costs, accurately evaluate and to enhance output
This is consistent with the contingency theory of managerial accounting (Hayes, 1977) which states specific circumstances shape the forms of managerial accounting in business
When directors perceive a tool of managerial accounting useful to their business, they likely accept it, which was already reported in previous studies
Summary
Managerial accounting tools are commonly regarded as a vital controlling instrument which can provide directors with accounting information for making better business decisions and better using corporate resources. Johnson and Kaplan (1987) contended enterprises necessitate managerial accounting tools for sensible and exact information to effectively control costs, accurately evaluate and to enhance output. Managerial accounting tools are commonly regarded as a vital controlling instrument which can provide directors with accounting information for making better business decisions and better using corporate resources. Lin and Yu (2002) found the acceptance of managerial accounting tools in developing countries remains undesirable. Enterprises in Vietnam have perceived the importance of managerial accounting in running enterprises, they have only used a few managerial accounting tools in business. This is consistent with the contingency theory of managerial accounting (Hayes, 1977) which states specific circumstances shape the forms of managerial accounting in business. The Vietnamese business situation shapes managerial accounting tools used in Vietnam
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