Modern Management Accounting Research Articles

‫‬‬‬‬‬The Role Of Modern Techniques Of Management Accounting and Cost Accounting in Improving Cost Efficiency and Quality Of Care in Urology: a Theoretical Study

Economic and demographic developments in the past few decades have increased the pressure on efficiency in the healthcare industry. Modern management accounting and cost accounting techniques are a critical component in improving the efficiency and quality of care in urology. With the ever-increasing costs of healthcare, the need for a sophisticated accounting system that can provide accurate data on costs and revenues is more important than ever. The aim of this research was to investigate the role of modern techniques in management accounting and cost accounting as a means of enhancing cost efficiency and quality of care in urology. The research highlights the importance of training medical staff in these techniques, as this can improve overall performance and reduce costs without compromising the quality of care provided to patients. These techniques have been shown to help physicians and administrators make informed decisions, which helps improve the efficiency and quality of care. They also contribute to improving communication between medical teams, enabling better patient care. By focusing on improving resource and cost management, these techniques can play a pivotal role in achieving superior and effective health outcomes.

Modern Management Accounting Enables Enterprise Organization and Social and Economic Development

Modern management accounting provides a powerful tool for the expansion of financial accounting function, but also provides an important support for the development of enterprise organizations and social and economic development. This paper expounds how modern management accounting can better empower enterprise organization and social and economic development from three dimensions of historical research, realistic dilemma and future prospect.

Contabilidade gerencial no terceiro setor: um estudo de caso na organização de amparo ao idoso “sou feliz” em Marechal Floriano (ES)

This paper aimed to identify how the management accounting tools used by a third sector organization in the city of Marechal Floriano (ES) are configured in light of the evolutionary stages proposed by IMAP I (document prepared by the International of Management Accounting Practices). Methodologically, descriptive research was developed with a qualitative approach and data collection through face-to-face forms and direct observation. The results suggest that the organization is in an intermediate evolutionary phase in relation to the use of management accounting tools. It was observed that most of the tools from the first and second evolutionary stages, which are considered traditional, are being used. On the other hand, a low use of tools from the third and fourth evolutionary stages, which are considered modern, was also identified. It was concluded, therefore, that the organization needs to increase the use of modern management accounting tools in order to qualify its organizational management.

ИНТЕЛЛЕКТУАЛЬНЫЕ СИСТЕМЫ УПРАВЛЕНИЯ КАК ИНСТРУМЕНТ ОБЕСПЕЧЕНИЯ УСТОЙЧИВОГО РАЗВИТИЯ ПРОМЫШЛЕННЫХ ПРЕДПРИЯТИЙ

The article considers the issue of the introduction of intelligent management systems to ensure sustainable development of industrial enterprises. The concept of intelligence in information systems and its application to functions in production are analyzed. The classification of intelligent systems is discussed and the matching of the types of systems with the functions in the enterprise is carried out. The activity of the enterprise is considered from the point of view of management based on an extended cybernetic model. Within the framework of an enterprise managed at the level of three strata – strategic, tactical and operational – the need to add a function to the intelligent system to unite all levels of management is justified. It is proposed to use an intelligent system in the budgeting process to implement the methodology the ABC-ABB-ABM and to develop a ricasting system as a modern management accounting format. The list of key functions of an intelligent management system is substantiated, which includes intelligent controlling, coordination of expert opinions, as well as collection and analysis of information from open sources.

The Influence of Business Analytics on Modern Management Accounting Informatization Decision under the Background of Big Data

The Influence of Business Analytics on Modern Management Accounting Informatization Decision under the Background of Big Data

Management Control Systems Practices in Small and Medium Enterprises

Small and medium-sized enterprises (SMEs) comprise 99.6\% of the Philippine economy. Many studies have said that SMEs do not need and do not use management control systems (MCS) due to their simple organizational structure and limited resources. Most MCS research and their empirical evidence have nearly been completely founded on information from bigger organizations or their sub-units. It has been expressed that modern Management Accounting Practices (MAPs) and sophisticated systems may likewise be valuable for private ventures, albeit small firms may have dissimilar needs than their larger counterpart. Thus, this study determines the MCS adopted and used in SMEs in Misamis Occidental. A descriptive study using a survey questionnaire was administered to 100 randomly selected SMEs in Misamis Occidental. The questionnaires were personally delivered and administered to facilitate questions raised by the respondents regarding the items in the survey. The result showed that SMEs in Misamis Occidental utilize a wide scope of MCS practices and information. However, numerous practices are not incorporated as profoundly and systematically into their business operations. The outcome also shows that MCS is themed with financial, customer-oriented, and strategic-oriented controls. Thus, aside from designing MCS suited to SMEs, there is a need to guide them in the technical application, adoption, and utilization of MCS data. The data can be used as a base for additional scholarly examination in business.

Impact of Strategic Management Accounting Practices on Financial Performance of Nepalese Manufacturing Firms

This study was carried out to examine the relationship between financial performance and the application of management accounting practices in the Nepalese manufacturing firms. The study adopted the survey research design. The population of the study consists of all listed manufacturing companies under Nepal stock exchange. The study used simple random sampling. Four manufacturing firms were randomly selected for the study. Data for the study were obtained through the administration of a self-designed questionnaire to managers or accountants of the sampled firms through mail survey. Regression and t-test were used to test the hypotheses postulated for the study. The study showed that application of management accounting tools has a positive relationship with financial performance of companies’ survey. The study also found a significant difference in effectiveness of decision making between application of management accounting tools and traditional management accounting techniques and concludes that implementation of strategic management accounting practice is necessary to enhance organizational performance of the firm. The study therefore recommends that manufacturing companies, especially the ones listed and still tradable under NEPSE, put in place appropriate measures to apply modern management accounting tools called strategic management accounting practices to ensure efficient and realistic decision-making process that will enhance financial performance.

The role of costing technology based on specifications in improving product quality (An applied study at the General Company for Battery Manufacturing / Babylon II Laboratory)

Modern technologies, such as costing technology based on specifications and the technology of disseminating and managing the quality function, play an important role in providing a product with specifications that meet the desires and needs of customers, as they work to focus on the fact that the customer’s voice is included in the process of developing product specifications. Therefore, the study aims to apply some modern management accounting techniques practically in the public company. For the battery industry / Babylon II Factory (study sample) as it focuses on fulfilling quality requirements and achieving them to provide a product with specifications that achieve customer satisfaction. Hence the importance of the study emerged, which indicates the application of some modern techniques for strategic cost management, which is Attribute Based Costing , and the quality function deployment.

MODERN INNOVATIVE PRACTICE OF MANAGEMENT ACCOUNTING

Purpose of the article: innovations in the field of management accounting. Modern management accounting reforms the traditional practice of management accounting. Management accountants are required to take part in establishing financial controls and assigning financial values to non-financial managers. Modern management accounting with other strategies will allow management to make informed decisions that will contribute to the success of the organization.

THE USE OF PARTICULAR TOOLS OF MANAGEMENT ACCOUNTING IN BASIC UNITS OF LOCAL GOVERNMENT

Presently, local Polish government units, including communes, function in the conditions of a limited amount of financial resources and, at the same time, unlimited social needs. Therefore, it is necessary to carry out activities aimed at the rationalization of the management of public funds. It has become essential to undertake in-depth analyzes of activities undertaken by municipalities and to identify costs that were actually incurred for the tasks. Local government units, like other entities, should function in accordance with the principles of efficiency and effectiveness. Unfortunately, this is often overlooked by their managers. Performing the tasks entrusted to them, they focus their attention on spending funds in accordance with the limit, without considering the fact if a given expenditure will bring a specific effect and whether the task will be effectively performed. In order to change this method of operation, municipalities should implement modern management methods and use management accounting tools. The introduction of, among other things, task-based budgeting and cost accounting will contribute to a more effective use of available resources. The aim of the article is to examine the extent to which communes in the Ostrołęka and Siedlce subregions use selected management accounting tools. In order to achieve this goal, a questionnaire survey was carried out for the treasurers of communes. The obtained results prove the negligible use of management accounting tools by the audited entities.

The role of modern management accounting methods in achieving sustainable development accounting

The Kurdistan Region is currently witnessing many changes and fluctuations in various types of fields, both at the political, economic and social levels. As a result of the desire to restore balance at all levels, a trend has emerged towards sustainable development that aims to develop in light of the violent environmental changes surrounding the business environment. These economic fluctuations have been reflected On managerial accounting and the use of its modern methods in companies in light of this changing environment because of the risks that companies were exposed to and trying to withstand these changes. Accounting for sustainable development is the latest stage of accounting development as a source of information necessary to achieve sustainable development in various business companies. To explain the methods of modern management accounting and the importance of its role in achieving sustainable development accounting in industrial companies. Due to the difficulty of obtaining the necessary data that allows the application of the research in industrial companies, the researchers relied on the use of the questionnaire in a sample of cement companies operating in the Sulaymaniyah Governorate, ٨٠ questionnaires were distributed and ٧١ questionnaires were valid for analysis, which is equivalent to ٪٨٨ of the total distributed questionnaires. The questionnaire data was analyzed through the statistical program )SPPS.V٢٤(, and the research reached a set of results, the most important of which are )most of the study sample were in agreement that modern management accounting methods, the most important of which are the accounting of resource consumption, the theory of constraints, lean accounting and continuous improvement It has a major role in achieving sustainable development )meeting the needs of current generations without compromising the share of future generations(, and the research recommended the need to pay attention to modern management accounting methods in industrial companies in general and cement companies in particular, as it is one of the leading industrial companies in Sulaymaniyah Governorate.

Unit economics as a tool of modern management accounting

Subject. The article investigates the unit economics, being a new management technology for the Russian practice. It provides a definition, specifics, considers the metrics of unit economics and how they help in investing, attracting new customers, increasing the number of transactions with them, etc. Objectives. The aims are to reveal theoretical foundations, identify specific features inherent in the unit economics system, determine the economic substance of the system's indicators and relationship between them, substantiate the connection of unit economics with the management accounting system. Methods. The study employs general scientific methods (the systems approach, comparison, systematization and generalization of data, historical analysis), specific scientific methods (logical generalization, system reasoning), and analytical forecasting tools. Results. The paper describes the historical background of the unit economics emergence. I identify methodological features of the unit economics that shaped it into an independent management technology, disclose economic and managerial significance of unit economics indicators. Conclusions. The emergence of the unit economics is associated with the crisis in the United States in 2000, caused by the dot-com bubble. The identified methodological and organizational features of the unit economics enabled to interpret it as a management accounting tool.

Technical and Economic Indicators of Strategic Management Accounting in the Development Companies Based on the Life Cycle of the Produce

This article discusses the issues of technical and economic indicators of strategic management of a development company and the application of modern management accounting methods. We have analyzed various scientific studies of scientists in the field of product life cycle management and it was found that now this area is very popular and there is a demand for it from modern companies. In that reason for effective control and project planning, it has been proposed to use the Life Cycle Costing method, which can be successfully applied to development. This system was supplemented by the method of Target Costing, which is used for the target cost management. Using this method, the target price was determined, which was used to determine the acceptable margin of the development project at the planning stage. An interaction scheme of responsibility centers was proposed in order to achieve the implementation and effective operation of these systems, which allowed to reduce costs and accelerate sales. Using this proposal, it was possible to reduce design errors that led to significant additional costs.

Modern Management Accounting Practices: Effect on Management Accounting System Performance of Listed Manufacturing Sector Organisations in Sri Lanka

Sri Lanka is facing challengers in achieving economic growth in the resent years. Contribution from the manufacturing sector is significant in this regard. This study was undertaken to answer the management problem of whether the addition of Modern Management Accounting practices improves the performance of existing Management Accounting Systems in manufacturing sector organizations. Adoption level of ten most prominent Modern Management Accounting practices were tested using a performance measurement construct to understand the level of Management Accounting System performance. Quantitative method of study supported by in-depth interviews and a further explanatory study was undertaken to explain the relationships observed. It was revealed that the adoption levels of all ten practices were below the previously known findings and the average level of adoption was at 54%. Analysis of the quantitative data showed that Management Accounting System performance level average of 74% for all the variables. Simple correlation analysis revealed that there was a fair positive association between the use of Modern Management Accounting practices and Management Accounting System performance in the sample studied. The explanatory study was undertaken using the contingency theory framework. And in conclusion it can be stated that the mix of contingency factors affect the level of adoption of Modern Management Accounting Practices and Management Accounting System performance can be enhanced by the adoption of Modern Management Accounting Practices in manufacturing organizations.

Modern tools for deep cost analysis in the cost management system in the inter-organizational relations of agricultural formations

The article, based on the theoretical analysis and study of the forms of setting up management accounting of inter-organizational agricultural formations, presents the place and role of digital doubles as tools for implementing the system of management accounting of interorganizational interaction of agricultural partner companies. The advantages of using digital doubles in agricultural companies, which have a significant impact on the inter-organizational cooperation of agricultural companies, are revealed. The complexity of the implementation and use of modern management accounting methods in identifying deviations in business processes is revealed.

Analytical component of modern management accounting

Analytical component of modern management accounting

Do innovation attributes really drive the diffusion of management accounting innovations? Examination of factors determining usage intensity of strategic management accounting

PurposeThis study investigates the usage of modern management accounting techniques popularly referred to as “strategic management accounting” (SMA), and the extent to which innovation attributes (namely relative advantage, compatibility, complexity, trialability and observability) determine SMA usage intensity.Design/methodology/approachSurvey data was obtained through a structured questionnaire from 45 out of 56 publicly listed manufacturing companies on the Mainboard of the Nigerian Stock Exchange. Descriptive statistics, one-way ANOVA, exploratory factor analysis, confirmatory factor analysis and structural equation modelling were used to analyse data.FindingsWhereas the overall usage rate of SMA as an innovation is generally moderate, there is significant difference in SMA usage intensity across industries in the manufacturing sector due to environmental uncertainty. Compatibility emerged as the strongest determinant of SMA usage intensity, implying that commercial enterprises would intensely apply SMA to remain innovative, to continuously improve and to incorporate strategy in accounting practice in a bid to survive competition. SMA will witness extensive usage if it aligns with the competitive strategies of an organisation.Research limitations/implicationsThe attributes of innovation measured treat all SMA techniques as one, but did not measure relative advantage, compatibility, complexity, trialability and observability for each of the techniques. Future studies may consider investigating how innovation attributes specifically affect each SMA technique. The dimension of compatibility investigated in the study lean towards the alignment of SMA with competitive strategies. Taking into account the multidimensionality of compatibility as an innovation attribute, future studies may examine how past experience of implementing new ideas, as well as compatibility of SMA with corporate culture and value system, affect the dissemination and diffusion of management accounting innovations.Practical implicationsThe paper proposes that although innovation attributes may partly explain SMA usage, coercive factors such as competition and environmental uncertainty may also be responsible for the decision to adopt innovative management accounting practices. The study therefore calls for a critical appraisal of how coercive institutional factors such as competition, regulation and actions of key stakeholders influence the decision of organisations to adopt an innovation.Originality/valueThis paper contributes to knowledge by challenging existing knowledge and presenting evidence that innovation attributes acclaimed to determine the spread of an innovation may be inapplicable in certain settings due to some environmental challenges. The study also contributes to knowledge by developing a composite scale for measuring innovation attributes specifically adapted to management accounting innovation, which can be used in future studies.

Exploring adoption and implementation of strategic management tools and techniques by listed companies in the Sri Lankan context

The strategic management tools and techniques, also known as modern management accounting (MA) techniques, support managers in all stages of the strategic management process of businesses to achieve better performance. However, literature review evidenced that compared to traditional MA techniques the use of modern MA techniques is low particularly in developing countries. This study thus, explores the extent to which listed companies in Sri Lanka apply selected strategic management tools and techniques: target costing, kaizen costing, balanced scorecard and benchmarking stressing influences and variations among industry sectors with these practices. This study applies the Mixed Method Research approach with its QUAN + qual paradigm. Using a multi-stage purposeful random sampling technique, 42 listed companies were selected demonstrating five industry sectors. Interviews and discussions were conducted preferably with Finance executives of companies to verify the responses to the survey which is the main source of data. Findings advocate that contrary to the low application of modern MA techniques shown in the literature, Sri Lankan companies demonstrate a high level of application of four techniques observed. Even if target costing is not applicable for the whole plantation sector, they demonstrate rather high application of other techniques observed as they often deal with international markets where excellent quality is very important. Findings ratify that extent of application of techniques varies among sectors, mostly induced by factors such as: the nature of products, processes, and markets; stage of the business; size of companies; and the impact of environmental changes on businesses. It concludes that overall Sri Lankan companies are in a view that these practices certainly facilitate them, in keeping aligned product prices with market prices and accompanying quality of products that are essential in surviving in such highly competitive markets while retaining a satisfactory margin securing brand reputation.

Innovative organization dimensions and the adoption of modern management accounting practices

Purpose: The objective of this study was to analyze the relationship between the innovative organization dimensions and the adoption of modern management accounting (MA).Design: A sample of 79 companies, obtained through a survey, was submitted to descriptive analysis, exploratory factor analysis and logistic regression.Originality: The studies that evaluated the relationship between innovation and management accounting sought to verify how MA practices influenced the innovation capacity of organizations. This work seeks a relationship in another sense, based on the premise that innovations influence the way in which MA is designed.Findings: The results indicate a more intense usage of the traditional second stage MA practices. Regarding to modern MA practices, it has been identified that the innovation dimensions that influence its adoption are people, environment, team work and organizational structure, and these dimensions are those that have a significant relationship with the adoption of these practices, indicating that innovation may be a factor influencing the adoption of modern MA practices.Theoretical contributions: Research on the topic has identified factors that may influence the adoption or diffusion of modern MA practices, such as decentralization and the size of the company. In this regard, it is possible to see that in addition to these factors already identified, innovation, through the dimensions analyzed, may be another factor that influences the adoption of modern MA practices.

Firm culture and management accounting practices among manufacturing firms in Nigeria

This study sought to find out the effects of firm culture on management accounting practices (MAPs). The study used a structured questionnaire to collect data from 220 randomly selected manufacturing firms out of 514 firms and used logistic regression for analysis. This study examined seven dimensions of firm cultures, including innovation/risk orientation culture, people orientation culture, outcome orientation culture, aggressive culture, stability culture, team-based culture, and attention to details culture. The study established that team-based, attention to details, and stability cultures have a significant influence on the choice of management accounting practices. In contrast, the considerable influence of other cultural dimensions lacks statistical support. The study concludes that attention to details culture and team-based culture are barriers to modern management accounting practices, and cautions should be exercised by managers in using these cultures. Therefore, this study recommends that manufacturing firms in Nigeria should be cautious of their culture and its implication on MAPs. In a more specific term, they should practice cultures that will allow them to choose modern MAPs and take advantage of the benefits attached.