Strategic Management Accounting Research Articles

Jaringan Akuntan Manajemen, Akuntansi Manajemen Strategis, Budaya Organisasi dan Kinerja Organisasi

This research aims to empirically test strategic management accounting practices by involving the role of management accountant networks and the moderation of organizational culture and their implications for company performance. The data was obtained using a survey method, namely practitioners who act as management accountants for small businesses in South Sumatra. The research data was processed and analyzed using SEM-PLS. The results show that the relationship between the management accountant network and strategic management accounting, organizational culture moderates the relationship between the management accountant network and strategic management accountants. Strategic management accountants mediate the relationship between management accountant networks and organizational performance. The Importance of the Role of a good network of management accountants among small business actors in South Sumatra by understanding the concept of strategic management.
 Keywords: Management Accountant; Strategic Management Accounting; Organizational Performance.

Strategic Management Accounting and Financial Statement Quality of Quoted Manufacturing Companies in Nigeria

The study determined the relationship between strategic management accounting and financial statement quality of quoted manufacturing companies in Nigeria. Strategic management accounting was the independent variable, while reliability of financial statements was adopted as the measure of financial statement quality. The study was guided by one specific objective, one research question and one research hypothesis. The study was anchored on Contingency theory and adopted the survey research design. The population of the study consisted of one hundred and seventy-seven (177) manufacturing companies Nigeria that are listed on the Nigerian Stock Exchange (NSE). The sample size consisted of one hundred and twenty-three (123) employees and managers of the selected manufacturing companiesin Nigeria. The sample size of this study was determined by Taro Yamane’s formula. Simple random sampling technique was used to select the respondents. Structured questionnaire was the data collection instrument used. Frequencies, simple percentages and weighted mean were used to analyse the demographic data of the respondents and other questionnaire items while Pearson Product Moment Correlation was used to test the hypotheses formulated at 5% level of significance. Statistical Package for Social Sciences (SPSS) was used to run the data analysis. There is a positive and significant relationship between value chain analysis and reliability of financial statements of quoted manufacturing companies in Nigeria, there is a positive and significant relationship between value chain analysis and timeliness of financial statements of quoted manufacturing companies in Nigeria, there is a positive and significant relationship between balance scorecard and reliability of financial statements of quoted manufacturing companies in Nigeria and lastly, there is a positive and significant relationship between balance scorecard and timeliness of financial statements of quoted manufacturer

Strategy and Strategic Management Accounting: A Study of Enterprises In Hanoi

In a globally competitive business environment, each company must have its own unique strategy to succeed. Strategic management accounting information helps managers determine the strategy and strategic position of the enterprise. In recent years, the number of enterprises in Hanoi has been constantly increasing and participating in all fields and business lines. This shows that businesses operate in a highly competitive environment. Research results from 125 enterprises in Hanoi have shown that all surveyed subjects are aware of the importance of strategic management accounting information. The survey results also support the hypothesis that there is a relationship between the types of strategies and the use of strategic management accounting techniques, including the groups strategic costing, strategic decision making, competitor competor accounting, customer accounting.

Determinants of Strategic Management Accounting Information Disclosure under a Multi-Theoretical Framework: Evidence of Listed Firms on Ghana Stock Exchange

Sharing information is vital for decision-making as it helps mitigate risks by providing a wealth of relevant information. When the perceived risk is low, it ultimately reduces the costs associated with making a decision. Strategic Management Accounting Information is an important resource for decision-making. This study sought to identify the determinants of strategic management accounting information disclosure (SMAID) from multiple perspectives. The study used a non-experimental, quantitative correlational design to analyze 35 out of 36 firms listed on the Ghana Stock Exchange for a period between 2010 and 2019. The study employed a linear dynamic panel data model with a one-step system GMM. The model included lagged values of the dependent variable and accounted for unobserved panel-level effects. It was discovered that Board subcommittees have non-linear relationships with SMAID. The previous year's subcommittee negatively impacts SMAID, while the current year's has a positive influence. Past disclosures of strategic management and competitor accounting information have a positive impact on current SMAID. Past customer accounting information disclosures also positively influenced the current SMAID. The study reveals that past disclosures of strategic costing information positively and statistically affect current aggregate SMAID. It is recommended that firms establish effective board sub-committees that can provide oversight and guidance to the management team. Policymakers should consider enforcing the presence of such sub-committees to ensure high-quality and sufficient disclosure of SMAID. Maintaining a high level of SMAID from the previous year can positively impact the current year's SMAID, enabling firms to make better-informed decisions and enhance overall performance.

A set of reference indicators of the management reporting system of agribusiness organizations based on ESG principles in the sustainable development circuit

The article provides a theoretical justification of approaches to the development of a methodology for reporting on sustainable development to support decision- making in the management system of agricultural organizations in the context of the implementation of the concept of «Green Economy» based on ESG principles. Integration of the principles of sustainable development into information and analytical tools within the framework of the implementation of the concept of «Green Economy» based on ESG principles is a strategic task of the domestic agro-industrial complex. Adaptation of traditional tools of strategic management accounting, such as: elements of a balanced scorecard, a strategic map, plays an important role in order to maintain the competitiveness of the domestic agricultural sector in unstable economic and political conditions. The dynamic development of economic relations has influenced the use of new methodological solutions, including in relation to the information and analytical system of agricultural organizations. In order to promptly obtain the necessary data, form and present in management accounting information about the level and dynamics of sustainable development of agro-industrial complex organizations and make important management decisions, an analytical tool is required that allows monitoring the implementation of the «Green Economy» concept based on ESG principles in terms of strategic branches of the agro-industrial complex in a short time.

Impact of Strategic Management Accounting on Operating Performance: Research in Public Universities of Vietnam

Purpose: The study aims to evaluate the impact of strategic management accounting (SMA) on the operating performance of Vietnamese public universities in terms of autonomy, student size, and number of years of establishment. Theoretical framework: The paper is based on the theory of strategic management accounting, including the use of strategic management accounting as well as the characteristics of organizations in general and universities in particular. Design/Methodology/Approach: Survey data were collected from 142 accountants of 102 public higher education institutions, cleaned data, and used regression analysis by SPSS 22 software. Findings: The results showed that with 07 factors of SMA stands for Strategic Application (AD), Strategic Planning (LKH), Strategic Management Accounting (KT), Financial Measures (TC), Non-Financial Measures (PTC), Reporting strategy (BC), and Strategic Management Decision Making (RQD), there are only 3 factors that have an impact on the performance of quality universities (Application of Strategy, Quality Management Accounting Techniques, and Financial Measures). Considering the control variable, only the degree of autonomy, and the number of students have a positive effect on the impact of quality management accounting information and the performance of universities. Research, practical & social implications: The results contribute to additional evidence for managers to pay more attention to quality management accounting information, thereby improving the universites' operational performance. In addition, this study complements the literature review documents related to the content of SMA and the impact of using SMA on the performance of universities. Originality/Value: The study provided an extension on the impact of SMA on the performance of universities as well as the mediating role of the control variable on the relationship between SMA and performance. Research results provide useful references for research on related issues.

Can we do it alone? The case of De Cyber hotel

Research methodology The interviews were conducted with the respondents (the founder and Manager of De Cyber Hotel). Other data were obtained through the websites of the relevant businesses. Case overview/synopsis Siti Alia and her friends established De Cyber Hotel in January 2019. It was incorporated as a Malaysian private limited company in Cyberjaya, Selangor. Siti Alia was appointed as the hotel manager and was responsible for managing the hotel’s day-to-day operations and financial matters. Being a new budget hotel, competing with other established hotels was quite difficult. De Cyber Hotel used brochures and word-of-mouth for its promotion activities and mainly depended on walk-in guests. Siti Alia knew she had to take immediate action to ensure the hotel’s survival and could no longer rely on walk-in guests. Hence, to increase the occupancy and revenue rate, on 27 March 2019, De Cyber Hotel management decided to accept an offer from ABC Digital Booking to implement a digital booking mechanism and form a partnership for at least a year. ABC Digital Booking provided an online system to enable the listing and booking of budget accommodations and partnered with hotels to provide similar guest experiences across countries. After working and collaborating for 10 months with ABC Digital Booking, Siti Alia had to decide whether De Cyber Hotel should continue its alliance with ABC Digital Booking. Hence, she had to think thoroughly and consider the advantages and disadvantages, as well as the impact of her decision on the business. Complexity academic level Undergraduate Integrated Case Studies, Seminar in Management, Risk Management and Corporate Governance, Management Accounting, Financial Accounting, Strategic Management. Postgraduate Organizational Behaviour, Management Accounting and Controls, Strategic Management Accounting, Marketing Management, Hospitality Strategic Management, Entrepreneurship Development.

The Impact of Strategic Management Accounting on The Financial Performance of Low-Cost Airlines

Strategic management accounting is the last stage of evolution in management accounting, seeking to contribute strategic information to support strategic decision-making and strategic management; this information is obtained from the application of several strategic management accounting techniques for collecting superior information. This paper aims to determine the role of strategic management accounting in the financial performance of low-cost airlines, seeking to encourage its adoption, implementation, and use for these types of companies. It relies on a literature review regarding strategic management accounting and the airline industry, especially with documents obtained from Scopus and Web of Science. Besides, a questionnaire was applied to experts in this industry, along with the application of a spline regression model for data analysis. The study revealed that the contribution of strategic management accounting in the financial performance of the analyzed low-cost airlines is influenced by decision-making and decision-implementation processes, management accountants who provide external, non-financial, and forward-looking information are the main actors in the adoption, implementation, and the use of strategic management accounting in the analyzed low-cost airlines.

Factors affecting the implementation of strategic management accounting system in small and medium enterprises in the manufacturing sector in Vietnam

Factors affecting the implementation of strategic management accounting system in small and medium enterprises in the manufacturing sector in Vietnam

Factors impacting strategic management accounting adoption: Empirical evidence from an emerging market

Strategic management accounting (SMA) is an advanced management tool that provides valuable information to aid managers in making strategic decisions for both long-term and short-term choices. Many factors motivated managers to adopt strategic management accounting (SMA) practices in their enterprises. Furthermore, strategic management accounting (SMA) techniques also consider external stakeholders such as customers, suppliers and regulators. Therefore, there may be various aspects of the external working environment that impact SMA implementations. On the other hand, strategic management accounting (SMA) also helps managers manage costs and resources effectively. Other internal factors such as managers’ perceptions about SMA, the knowledge of accountants and technologies also significantly impact the adoption of SMA techniques. The study’s main objective is to investigate the factors that affect SMA implementation in Vietnamese enterprises. Purposive techniques are used in the study’s explorative quantitative survey approach and data collection. Data from 305 Vietnamese enterprises are included in the sample. The findings demonstrate that the adoption of SMA practices is positively associated with four factors including top management teams, corporate culture, perceived environmental uncertainty and management networking.

Exploring the influence of profitability analysis on SME financing: A conceptual view

By allocating earnings and expenditures to each client independently, customer profitability analysis is a management accounting and credit underwriting tool that enables businesses and lenders to assess the profitability of individual customers or segments of customers. Small and medium-sized businesses (SMEs) constitute the backbone of most economies and a key driver of economic expansion. This conceptual study surveys the literature on the subject in order to make assumptions that might be tested in subsequent research on the role of cost-benefit analysis in raising corporate performance. This is accomplished by referencing the viewpoints on financing small and medium-sized businesses as well as the fundamentals of strategic management accounting. The financial services sector, as well as the informal and formal sectors of the economy in every nation, would benefit greatly from an investigation into this issue. The originality of this conceptual study is in its contribution to the advancement of conceptual, methodological, and theoretical justification for the effects of profitability analysis funding of small and medium-sized enterprises. This will support the discussion in the present literature.

Factors Influencing the Application of Strategic Management Accounting: A Study of Manufacturing Enterprises in Hanoi

Strategic management accounting (SMA) information helps managers determine the strategy and strategic position of the business. At the same time, SMA helps managers see and re-evaluate problems so that they can draw on their experiences and lessons for decision-making and control. Currently, manufacturing enterprises in Hanoi are aware of the important role of strategic management accounting information, but the level of application of strategic management accounting techniques is low. This article aims to evaluate the factors affecting the application of strategic management accounting in manufacturing enterprises in Hanoi, thereby making recommendations for these enterprises to increase the use of strategic management accounting information to help business managers make business decisions.

Factors Influencing the Application of Strategic Management Accounting: A Study of Manufacturing Enterprises in Hanoi

Factors Influencing the Application of Strategic Management Accounting: A Study of Manufacturing Enterprises in Hanoi

Technological Innovations Promoting Sustainability Through Strategic Management Accounting

Technological Innovations Promoting Sustainability Through Strategic Management Accounting

Impacts of contingency factors on the application of strategic management accounting in Vietnamese manufacturing enterprises

Based on contingency theory in the study of strategic management accounting, this study examines the internal and external contingencies of the organization that affect the application of strategic management accounting (SMA) in Vietnamese manufacturing enterprises. Using qualitative and quantitative methodology, qualitative methods are used to make questionnaires, and quantitative methods are used to measure the scale and analyze the impact of each factor. The data used in the study was collected using a survey questionnaire from a sample of 395 managers (directors, deputy directors, chief accountants) and accounting staff with knowledge of management accounting/strategic management accounting in Vietnamese manufacturing enterprises. Based on the collected survey data, we performed a multivariable linear regression analysis with SPSS 20 to test the relationship between the contingency factors and the application of SMA. Regression analysis results show that contingencies such as organization size, competitive intensity, organizational structure (decentralized management), organization’s technology, business strategy, and perception of market instability positively influence the application of SMA in Vietnamese manufacturing enterprises. Therefore, the study provides insight that contributes to a better understanding of the impact of contingency factors on the application of SMA in the context of manufacturing enterprises in emerging economies like Vietnam. This finding is useful for policymakers and business managers in developing and promulgating mechanisms to influence these random variables to motivate enterprises to use more SMA techniques.

Classification of Costs in Strategic Management Accounting at Agricultural Enterprises

"The existing need to develop the main aspects of strategic management accounting systems in agricultural enterprises determines the relevance of the research. The goal of the research is to reveal theoretical aspects of cost classification and determination of strategic management accounting evaluation for agricultural production effective management. The subject of the research is the main theoretical, methodological, and practical provisions of agricultural production accounting and analysis. In the process of research, a set of special and general research method groups was used, namely: theoretical generalization, dialectical, grouping, analysis, abstraction, methods of cluster analysis, statistical methods, synthesis. The theoretical basis of the conducted research was the main conclusions and basic recommendations presented and substantiated by the research of scientists in the field of cost classification in strategic management accounting in agricultural enterprises. In the course of the research, it was determined that the main elements of cost classification in strategic management accounting in agricultural enterprises are costs in crop production, including pricing of products, production reporting, budget planning system, analysis, and implementation of control in the production of agricultural products. The results and substantiated conclusions contribute to the development of a theoretical and methodological basis for agricultural enterprises, information support, can be used in the development of documents that regulate issues related to the organization of accounting and analytical processes, as well as in the practice of agricultural enterprises, ministries, and departments of the republic."

Application of Strategic Management Accounting Techniques in Feed Manufacturing Enterprises in Hanoi

Strategic management accounting (SMA) provides managers with a framework of technical groups that help businesses plan, control, and evaluate performance. Many businesses around the world operating in different fields have applied strategic management accounting. Vietnamese enterprises in general and animal feed manufacturers in Hanoi in particular need to apply SMA techniques in a highly competitive environment. However, due to many reasons, the use of SMA in animal feed enterprises in Hanoi is still low. This greatly affects the performance of businesses. In order to improve management efficiency and help businesses stand firm in a competitive economy, managers need to be equipped with modern management knowledge with the support of accounting information system management in general, and SMA in particular to provide appropriate and timely information to serve decision-making administrators.

Application of Strategic Management Accounting Techniques in Feed Manufacturing Enterprises in Hanoi

Application of Strategic Management Accounting Techniques in Feed Manufacturing Enterprises in Hanoi

Thermoeconomics as Support for Strategic Accounting

The objective of this reflection article is to demonstrate the applicability of the concept of thermoeconomics as support for strategic management accounting in the chemical industry. The concept of thermoeconomics is described, as well as its applications on energy performance and production process costs. The concept of strategic accounting is also described, and an illustrative example is provided to relate the two concepts and demonstrate that thermoeconomics could be a functional tool in calculating strategic costs for generating competitive advantages in the chemical sector.

THE IMPACT OF MANAGEMENT ACCOUNTING PRACTICES ON OPERATIONAL PERFORMANCE IN SMES IN THE COLOMBO DISTRICT, SRI LANKA

"The objective of this study was to address the research problem of how the effect of management accounting practices influences the operation performance of SMEs in the manufacturing sector of the Colombo district. Different SMEs use financial knowledge in varying ways, which affects the performance of the businesses. This study sheds light on the Practices of management accounting used by SMEs in the manufacturing sector and how they affect Operational success. The Management accounting practices which are discussed in the study is, costing, performance evaluation, budgeting, strategic management accounting and decision support system. The data gathered was primary data, using a convenience sampling method in cross-sectional time horizon. And the deductive research methodology and the survey method were used in the research design. The Research was conducted using demographic analysis, correlation coefficient analysis, and regression analysis. The sample was taken from the small and medium-sized, 131 manufacturing enterprises in the Colombo district. The study found, the budgeting system, performance evaluation system, and strategic management accounting system to have a statistically significant impact on operational performance. Costing systems and Decision support systems were found to be not statistically significant in regression analysis. Therefore, 3 out of 5 hypotheses were accepted. As for concluding remarks, this study’s findings recommend that using management accounting practices can enhance operational performance. Further, study suggests that budgeting, performance evaluation, and strategic management accounting be used by management to improve the operational performance of Manufacturing SMEs. The study thereby, hopes to increase the knowledge and awareness of students and professionals who are interested in this field. Additionally, this will provide insight on the management accounting techniques now employed by SME's and their level of financial literacy. Consequently, this study’s valuable information can be used by government, organizations, and experts to advance the Small Medium Enterprises of Sri Lanka."