Purpose: The study aims to explore the varied results from existing literature on managerial accounting practices (MAPs), identifying trends, contradictions, and research gaps. The focus is on how MAPs influence financial performance, considering both traditional and contemporary practices. Design/methodology/approach: A comprehensive review of the literature was conducted, encompassing topics like how management accounting practices (MAPs) and strategy align, how MAPs have evolved theoretically, how firm characteristics affect MAPs, and how MAPs and organizational performance are related. 103 pertinent documents were found after searching the Scopus database for papers about "Managerial Accounting Practices and Financial Performance" from 2018 to 2024. A comma-separated file (.csv) was then prepared, including a total of 9,702 articles. VOSviewer was chosen to help with this analysis. Findings: The study reveals a lack of consensus regarding the relationship between MAPs and firm performance. Some studies show a positive correlation, while others report limited or even negative impacts. These findings highlight the complexities and nuances of the relationship between MAPs and firm performance. Research limitations/implications: The study emphasizes the need for more nuanced theoretical frameworks, standardized measurement tools, and research in developing countries to better understand the impact of MAPs on organizational performance. Practical implications: The study's findings underscore the importance of considering contextual factors and adopting tailored MAP strategies to maximize organizational success. This has significant implications for organizational managers, policymakers, and researchers. Originality/value: This study contributes to the literature by offering a comprehensive synthesis of existing research on MAPs, highlighting the complexities in their relationship with firm performance, and providing valuable insights for future research and practical application.
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