Development Of Management Accounting Research Articles

Analysis of behavioral factors in management accounting research

The adoption of accounting as a social science suggests that subsequent development is associated with both the study of its role in real social and institutional contexts, and the study of behavioral factors of the activities of those responsible for the development of professional accounting judgments of persons and managers making decisions based on accounting information. However, today researchers do not fully assess the actual problem of studying the behavioral (behavioral) aspects of the activities of accounting specialists as significant factors affecting the functioning of the accounting and analytical system of any organization. The purpose of the study is to substantiate the need to assess the impact of behavioral factors on the effectiveness of the organization and development of management accounting, in the context of its interdisciplinarity. In this regard, the article, to a certain extent, examines the features of behavioral factors in accounting that form its interdisciplinarity; substantiates the necessity and justification of a behavioristic approach in management accounting; reveals the influence of emotional and psychological qualities of an accountant on the organization of the accounting process, the activities of the accounting service, the formation of accounting policy.

Innovation of Management Accounting and Promotion of Enterprise Competitiveness

China is in the era of rapid development of big data, and the competition among enterprises is becoming more and more fierce. Simple financial accounting cannot meet the development goals of current enterprises. With the rise and development of management accounting, its work function has been gradually concerned by enterprises and society, and some enterprises have begun to realize the use of management accounting to improve their financial functions and enhance their competitiveness. In this scenario, the integration of financial accounting and management accounting is particularly important. Because the rise and development of management accounting in China is short, there are many problems in its application and development. From the perspective of innovative development of management accounting, this paper analyzes the problems of management accounting in modern enterprises, and puts forward how enterprises can use innovative ways of management accounting to enhance their competitiveness and help enterprises get long-term and steady development.

Development of strategic management accounting of innovation capital based on a balanced scorecard system

The essence of the balanced scorecard system as a means of providing information for the innovative management of the enterprise has been considered. The functions of a balanced scorecard system in the system of innovative management have been disclosed. The role of a balanced scorecard system in the formation of information support for the management of the enterpriseʼs innovative capital has been analyzed. The factors that determine the need for the development of a balanced scorecard system in the conditions of the knowledge economy have been analyzed. Four main options for the reorganization of the balanced scorecard system for the accounting support of the management of the innovative capital of the enterprise have been identified and analyzed: 1) inclusion of innovative indicators in the existing prospects of balanced scorecard system; 2) renaming the individual balanced scorecard system perspectives; 3) highlighting a new «innovative» perspective; 4) creation of an innovative scorecard system. The advantages and disadvantages of each of the proposed options for the development of a balanced scorecard system from the standpoint of building a system of accounting support for the management of innovative capital at Ukrainian enterprises have been grounded.

Problems and prospects for the development of Russian management accounting – Ten years later

Problems and prospects for the development of Russian management accounting – Ten years later

Development of financial and management accounting to improve the efficiency of the horticulture industry

Development of financial and management accounting to improve the efficiency of the horticulture industry

The Application of Blockchain in the Accounting Industry

Blockchain technology is one of the new information technologies, because of its consensus mechanism, distributed mechanism, smart contract and other technical characteristics, as well as non-forgery, open and transparent, traceability, whole-process traces, collective maintenance and other characteristics, has been widely concerned by various industries. Accounting is the language of business and a management information system that provides financial and accounting information. In today’s highly developed market economy, accounting plays an indispensable and important role. The in-depth application of blockchain technology in the accounting industry can promote the development of the accounting industry, but also can promote the integration of blockchain technology into the overall social and economic environment. This paper studies the application of blockchain technology in the accounting industry. “Luckin coffee financial fraud” events as examples, by analyzing the Luckin coffee event accounting problems, put forward the problems existing in the traditional way of accounting, and block chain technology used in comparing the advantage of the accounting profession, points out that block chain technology can solve the problem of some of the existing accounting, to perfect the accounting and internal control to provide a better strategy and scheme. At the same time, this paper also analyzes the risks existing in the application of blockchain technology in the accounting industry, and briefly puts forward several countermeasures. Finally, the development of block chain technology into the accounting industry is prospected. Blockchain technology not only promotes the development of traditional financial accounting, but also promotes the development of management accounting, and promotes the overall reform of the accounting industry.

Accounting for Empowered Organizations in an Era of Competitive Intensity and the Age of Creative Intensification: The Case for Strategic Collaborative Accounting (SCA)

This paper discusses the evolution of management accounting and proposes a new approach, Strategic Collaborative Accounting, to ensure its continued relevance in the face of changing business landscapes. With the shifting dynamics of future organizations characterized by complex stakeholder relationships, technological advancements, and evolving business models, traditional management accounting faces challenges in maintaining its significance. The paper suggests that future management accounting practices will involve shared responsibilities among professionals, focusing on building trust, managing risks, and supporting collaborative relationships. It predicts a reduction in finance department size, disappearance of traditional bookkeeping roles, and closer integration of accounting functions with operational teams. By advocating for Strategic Collaborative Accounting, the paper aims to empower organizations to adapt, compete, and innovate effectively in the future business environment.

A review of U.S. management accounting evolution: Investigating shifts in tools and methodologies in light of national business dynamics

This study provides a comprehensive analysis of the evolution of management accounting in the United States, focusing on the shifts in tools, methodologies, and the influence of national business dynamics. The primary objective was to understand how management accounting practices have adapted to technological advancements, economic changes, and regulatory developments. Utilizing a systematic literature review process, the study involved identifying relevant literature through databases like Scopus, Web of Science, and Google Scholar, employing keywords related to management accounting evolution. The selection of sources was based on predefined inclusion and exclusion criteria, emphasizing relevance, quality, and methodological rigor. Content and thematic analysis was used to interpret findings from the qualitative data. Key findings revealed a significant evolution from traditional cost accounting methods to strategic, data-driven approaches, influenced by technological advancements and changing business environments. The study identified a shift towards integrated, predictive, and data-driven management accounting practices, with a growing focus on sustainability and digitalization. The impact of technological, economic, and regulatory factors was found to be profound, necessitating continuous adaptation in management accounting practices. The study concludes that management accounting in the U.S. is highly dynamic, responding effectively to technological and economic changes. Recommendations for future research and practice include embracing technological advancements, adapting to economic and regulatory changes, focusing on sustainability, enhancing education and training, and encouraging collaborative research. This study underscores the necessity for ongoing adaptation and innovation in management accounting to maintain relevance in a rapidly evolving business landscape.

Akuntansi Manajemen Di Era Digital

Rapid technological advances have brought challenges and opportunities along with the development of management accounting in corporate transformation. To maximize the contribution of management accounting, companies need to utilize technology. This article, based on a literature study from various sources, concludes that digitalization has changed the accounting management landscape through process automation, increased data accessibility, system integration, more sophisticated data analysis, solid data security, and the need for the development of skills and roles in the accounting profession . In the era of digitalization, the role of accountants is also changing, requiring the development of skills in information technology. Management accounting in the digital era is experiencing a significant transformation, influenced by advances in information technology and developments in the digital world. The following are some of the main aspects that show how management accounting adapts to the digital era: Management Accounting Information Systems (SIAM), Cloud Computing, Big Data and Data Analysis, IoT (Internet of Things), Automation and Artificial Intelligence, E-commerce Era, Cyber ​​Security , Mobile Computing and Blockchain. With the adoption of this technology, management accounting in the digital era can provide faster, more accurate and relevant information, thereby enabling better decision making in a rapidly changing business environment.

СТРАТЕГІЧНИЙ УПРАВЛІНСЬКИЙ ОБЛІК В СИСТЕМІ ПРИЙНЯТТЯ ЕФЕКТИВНИХ УПРАВЛІНСЬКИХ РІШЕНЬ НА ПІДПРИЄМСТВІ

The article examines the specifics of the role of strategic management accounting in the process of making effective management decisions at the enterprise in modern conditions. The mechanism of the use of the tools of strategic management accounting by enterprises to ensure the achievement of competitive advantages in the market, as well as to increase the productivity of the management system, is considered. The relationship between strategic management accounting and the process of management decision-making is studied, taking into account that an effective strategic accounting system can become a key factor for successful business development. The main aspects of strategic management accounting are studied, including the definition of strategic goals, the collection and analysis of information, the development of key performance indicators and the identification of strategic alternatives. The influence of modern information technologies on the development of strategic management accounting and the possibilities of their implementation in practice are considered. It was determined that the use of strategic management accounting can provide enterprises with a systematic improvement in the quality of management decisions, reduce risks and increase the efficiency of business processes. The importance of strategic management accounting for ensuring the successful functioning of modern enterprises has been proved, and recommendations for improving this process have been formed. The key aspects of the internal and external environment that affect strategic management accounting are considered, including such factors as changes in legislation, the competitive situation on the market, changes in consumer demands, new technological trends, as well as the mechanism of their influence on the decision-making process and accounting. It was determined that strategic management accounting is a relevant tool for business entities in modern conditions of uncertainty and dynamic changes in the business environment, as it enables enterprises to be flexible and respond to changes in a timely manner, while creating conditions for achieving defined strategic goals. The importance of implementing strategic management accounting in modern business as a key factor in making effective management decisions in order to ensure the sustainable development of enterprises in dynamic conditions of market competition and uncertainty is proven.

Management aspect of risks in the budgeting process

The article describes the risks of management accounting and the management aspect of risks in budgeting and making management decisions. The purpose of the article is to generalize approaches to the development of management accounting in conditions of uncertainty and risk and to identify risks in the budgeting process and their assessment. To achieve the goal, the following tasks are defined: to determine the economic essence of risks and risks in budgeting; characterize the meaning of risks in various aspects: managerial, strategic, accounting; justify the role of risks in the process of management accounting and budgeting; identify the risks of not achieving budgeting and management goals and propose proposals for their assessment. When writing the article, the following research methods were used: analysis, synthesis, grouping, generalization, analogy. Scientific approaches to determining the economic essence of risks and risks in budgeting, features and significance of risks in management, accounting and strategic aspects are considered. Features of management accounting based on a risk-oriented approach and management decision-making under conditions of risk and uncertainty are characterized. It has been established that in management accounting for management decision-making, risks should be divided by place of origin, scope of origin and duration. It is substantiated that risks of not achieving management goals and budgeting goals may rise in economic activity already during the implementation of budgets: economic risk – failure to achieve the volume of production and sale of products, works and services planned in the budgets; financial risk – non-achievement of budgeted expenses, income, funds and financial results. In order to reduce the amount of risks in the budgeting process, it is suggested to avoid them or to warn them in the process of implementing budgets. Risk assessment should be carried out when drawing up budgets and when controlling budgets. A quantitative assessment of the risk of not achieving the budgeting goals is proposed to be carried out using the same indicators as defined in the budgets (in kind and value units).

УПРАВЛЕНЧЕСКИЙ УЧЕТ И КОНТРОЛЬ: МАТЕРИАЛЬНЫЕ ЗАТРАТЫ НА ПРОИЗВОДСТВО ПРОМЫШЛЕННОЙ ПРОДУКЦИИ

This article discusses the main approaches of management accounting to determining production needs for material resources, provides a review of the main analytical indicators of the financial and economic activities of an enterprise in terms of material costs, and presents a vision of a plan-fact analysis of material costs for the manufacture of a product. Material costs are an integral part of the production cost of any industrial product. Carrying out their activities under the conditions of sanctions imposed by foreign countries regarding the import of raw materials, supplies and components into the territory of the Russian Federation, Russian enterprises have been continuously producing their products for more than a year, forced to pay special attention to material support, new channels and supply chains, selection of analogues and partial change in product design. The topic of management accounting and control of production security, the volume of material costs in the cost of production has become especially relevant. Management of purchases and warehouse balances in the light of current events is undergoing changes, which can definitely be considered an incentive for the development of both management accounting of material costs and management of production and the enterprise as a whole. The work makes generalized conclusions about the features of management and control of material costs for the production of industrial products, which have come to the fore recently.

Do Enterprise Risks Management, Green Intellectual Capital and Business Ethics Improve Sustainable Finance At Financial Institutions In Indonesia?

Purpose: This study aims to test and analyze the effect of Enterprise Risk Management (ERM), Green Intellectual Capital (GIC), and Business Ethics (BE) on Sustainable Finance (SF).
 
 Theoretical reference: The theory of legitimacy was first expressed or presented by (Dowling & Pfeffer, 1975). Tracing back to its roots, the term "legitimacy" comes from the Latin word "legitimus", which translates to "according to law" (Danovan, O, 2000).
 
 Method: This research uses a quantitative descriptive verification method. The data used in this study are secondary data in the form of financial reports, annual reports and sustainability reports on the idx website. The population in this study are financial services companies listed on the IDX for the 2018-2021 period. The model in this study uses multiple regression, because the independent variables in this study consist of several variables.
 
 Results and Conclusion: The results showed that ERM has a positive effect on sustainable finance, GIC has a positive effect on sustainable finance, and BE has a positive effect on sustainable finance. ERM, GIC, and BE can benefit companies in several ways, including improving financial performance, reducing costs, and improving reputation. The results of this study contribute to the development of management accounting and business ethics that sustainable finance is influenced by several important factors, namely ERM, GIC, and BE.
 
 Implications of research: Research shows that ERM can improve financial sustainability in financial institutions in Indonesia, the implication of which is the importance of awareness towards more holistic and integrated risk management within companies. This may mean financial institutions should focus on developing more effective ERM processes, which can help them identify and manage risk in a more efficient way. This research can be used to enrich the sustainable finance literature, especially regarding the development of its measurement. The index measurement uses a disclosure checklist measurement and uses dumies so that it allows the appearance of subjectivity. There is a need for direct verification of some sample companies.

Development of management accounting functions in the corporate governance system

Problematic issues of the development of theory of management accounting in context of improving corporate governance and increasing requirements from various stakeholders to its information support are increasingly becoming the object of research by domestic and foreign scientists. The purpose of this study is to identify the trends in the development of management accounting in the conditions of digitalization of the economy, and the transformation of business processes under the influence of changes in business environment as well as justification and substantiation of the new functions of management accounting in connection with the changing requirements of corporate governance and the need to improve its information support. To achieve this goal, the methods of synthesis and analysis, abstraction, deduction and induction, comparison and systematization were used, as well as a critical analysis of existing views on the essence of management accounting, its functions and possible development scenarios, taking into account transformations in accounting science and practice observed in the third decade of the XXI century. In the process of work the results of own researches conducted and received within the framework of the scientific school of the Financial University “Accounting-analytical and control processes of economic subjects of information society” and in the course of practical activity of the authors were used. Based on the analysis of literary sources, the requirements of national and international standards in the field of both accounting and financial reporting and in sustainable development, current accounting practices and corporate governance practices, new management accounting functions have been identified and justified, the implementation of which is aimed at the formation and presentation of better quality data and information as part of corporate reporting with predictive value. The results obtained can be used by economic entities in optimizing accounting and control processes and developing internal regulations on management accounting, as well as by accounting regulatory entities and professional organizations in developing recommendations in the field of management accounting for various economic entities.

A Comprehensive Literature Analysis on the Modern Perspective of Management Accounting, Focusing on its Origins and Evolutionary Trajectory

This paper conducts a comprehensive analysis of the literature to provide a thorough understanding of the origins and development of management accounting, which has experienced increased popularity, particularly in the past twenty years. This paper undertakes a critical examination of the extensive criticism around the perceived decline in the relevance of management accounting in effectively improving performance within the context of a contemporary, dynamic company environment. This paper aims to enhance understanding of the simultaneous utilization of both classic and contemporary management accounting procedures. The study conducted a comprehensive analysis of the prevailing degree of interest in the adoption of management accounting methods in both developed and emerging nations. The examination of relevant literature has yielded a critical analysis that indicates the origins of management accounting may be traced back to the industrial revolution that occurred in the 1900s. The study also indicated that management accounting is subject to ongoing development as organizations encounter novel challenges requiring resolution. Furthermore, it was found that management accounting approaches employed in the early 1900s remain relevant and useful in contemporary contexts. The school of thinking that argues for the diminished significance of management accounting has been refuted on the basis that classic management accounting practices employed in the 1900s continue to hold relevance in contemporary times. The study proposes the use of management accounting practices as they enhance the organization's competitive advantage and generate value.

Budget programmes as a tool for ensuring self-sufficiency of territorial communities and an object of accounting

The article analyses the state and sources of formation of local budgets of territorial communities of Ukraine. It is established that the development of territorial communities, despite their significant own potential, largely depends on transfers from the state budget.
 The main substantive characteristic of a self-sufficient community is defined and it is proposed to calculate indicators for assessing its status at two levels, which are formed by own revenues and transfers.
 The main instrument for creating an effective and efficient mechanism for the use of funds in a community is budget programmes. In order for budget programmes to fulfil their goals and objectives and achieve the expected results, it is important to classify them according to the features that characterise expenditures that address the needs of the community. The study allowed us to identify 10 classification characteristics of budget programmes, which are the key to the scientifically sound development of financial and management accounting in budgetary institutions.
 In the context of management accounting, budget programmes should be viewed as centres of responsibility for expenditures and their results. Under such conditions, the main provisions of the programme-targeted method of managing budget funds will be fully used.
 However, in order to introduce management accounting of budget programmes, it is necessary to create information screens to display business transactions on the formation of expenses at the expense of budgetary funds. Taking into account the specifics of the chart of accounts in the public sector, the author substantiates the possibility of keeping records of expenses in the context of budget programmes and the formation of their performance indicators on account 16 «Production» or on a new account with a free code 19 «Expenses for the implementation of budget programmes».

Recent Developments in Management Accounting

The aim of this study is to investigate recent developments in management accounting, which was accomplished through the use of the library technique. The research revealed that various factors, such as increased competition, technological advancements, and changes in organizational structure, have played a role in influencing developments in management accounting. Looking forward, the field of management accounting is expected to be shaped by trends like big data analytics, integrated reporting, automation, sustainability considerations, scenario planning, real-time reporting, and a focus on ethics and governance. Our findings indicate that management accounting has made significant progress and has become a distinct area of expertise. Its evolution has been marked by continuous innovation and adaptability to meet the ever-changing demands of the business landscape. To thrive in this dynamic environment, we recommend that management accountants be versatile team players, capable of addressing a wide range of options and challenges that organizations encounter.

Does Management Accounting Lose Relevance Again? Supply-Chain Perspective

The purpose of this paper is to explore how supply chain has pose new challenges for management accounting regarding costing and performance measurement issues and whether management accounting contend with these challenges. The development of management accounting and how it regained its relevance will be discussed in general. Then, the new challenges rose as a result of the introduction to the notion of supply-chain in the areas of costing and performance measurement will be clarified. Although current management accounting practices are perceived by many researchers as useful in the context of supply chain, the new challenges rose by supply chain have now propelled the management accounting researchers to realise a “condition for possibility” for revisiting the “relevance lost” thesis and its post-relevance-lost era in which a number of management accounting innovations have been introduced. The major contribution of this paper is that it paves the way for researchers to commence in re-testing the ideas embodied in management accounting and its relevancy to supply-chain context.

Discussion on the Integrated Development Path of Financial Accounting and Management Accounting

The gradual development of economy and rapid progress of science and technology have promoted human society to step forward into the era of digital economy, and then promoted the transformation of financial accounting function based on accounting and supervision to management accounting function based on value creation and value increment. However, both financial accounting and management accounting are branches of the accounting discipline, and the professional knowledge of a single branch is slightly insufficient to solve problems in a certain field. Only by combining and integrating the knowledge of multiple branches, and analyzing and solving problems from multiple perspectives can enterprises achieve sustainable development. Therefore, in combination with the background and direction of industry development in the era of digital economy, this paper analyzes the necessity of the integrated development of financial accounting and management accounting based on the functional positioning of enterprise financial accounting and management accounting, and discusses the integrated development mode of financial accounting and management accounting from the aspects of goal orientation, platform construction and content construction. And then put forward the two in the concept of mutual integration, content mutual penetration, system framework, technical personnel mutual integration and other aspects of the feasible path, in order to improve the accounting staff's business ability and comprehensive quality, conform to the market demand and the development of The Times.

A contemporary view of management accounting, its genesis and evolution: A literature review

The paper analytically examines literature to elucidate the origin and evolution of management accounting buoyed on by the surge in appetite on its use especially during the last two decades. The paper further critically examines the wide critics on the “loss of relevance” of management accounting in enhancing performance explicitly in a modern rapidly changing business environment. A further attempt is made by this paper to better apprehend the concomitant application of traditional and contemporary management accounting practices. It further analysed the current level of appetite on the use of management accounting practices in both developed and developing countries. A critical review of related literature revealed that the history of management accounting can be traced back to the industrial revolution of the 1900s. The study also revealed that management accounting continues to evolve as companies meet new problems that need to be solved and management accounting practices that were used in the early 1900s are still applicable even today. The “loss relevance of management accounting” school of thought was dismissed as traditional MAPs that were used in the 1900s are still applicable even today. The study recommends the use of management accounting as it improves competitive edge and creates value for the organisation.