Due to globalization, business opportunities can be established in new countries more than ever before. The Arab countries are gaining more attention as emerging markets in global business. Only a small proportion of management accounting research on transitional economies deals with some aspects of Arab management accounting and control systems. The research investigates the characteristics of Arab management accounting systems. Thus, this research explores the role of management accounting in Arab companies in decision-making, strategic planning, management control, and performance measurement. A qualitative field study is an essential part of the research methodology. An in-depth case study is also conducted on a Sharia-compliant company, which represents a special kind of Arab companies. The research provides practical implications and is very beneficial for Arab companies as well as for international companies operating in the Arab World. In addition, this research is of the interest of international institutions of accounting and management accounting in terms of a better understanding of management accounting practices in the Arab World.
CIMA Study Systems 2006: Management Accounting Fundamentals,
Literature has identified that changes in both external and internal organizational factors have influenced changes in management accounting practices in organizations. When business organizations respond to challenges by embarking on a change management path, they are faced with the choices of which ones of the many management methods, techniques and systems would be most effective. This is important as the management accounting system plays an important role in providing useful information to management, especially in the decision making process. The framework of the study comprise changes in competitive environment, advanced manufacturing technology, structure, strategies, management accounting practices and performance.The distinctive findings obtained in this study make a contribution to our knowledge of the relationship between management accounting systems and organizational change, as well as providing helpful insights to practitioners in making decisions in the face of a changing business environment.
This study investigates the interaction between organizational context and organizational actions; more specifically, it investigates the processes by which new management accounting systems (MAS) emerge, are sustained and then disappear over time. The study highlights that change in MAS in subsidiary organizations and MNCs is a complex and path dependent process in which several vested-interest groups, intra- and extra-subsidiary organizations, play a role. The research also indicates that the pace and direction of such changes within subsidiary companies is influenced by the intensity and durability of the intra-organizational (institutional) context and also external (institutional) pressures. To understand the importance of external (institutional) pressures, as well as the inter-play of intra-organizational institutional factors, the study adopts both macro- and micro-focused institutional perspectives (i.e., NIS and OIE) on accounting change. In so doing, the study complements recent recommendations for ‘bridge building’ and methodological pluralism amongst the different strands of institutional theory employed in management accounting research.
This book addresses two case studies of two large state-owned manufacturing companies in Libya. The study focuses on management accounting and control system (MACS) changes within the two companies. The study is motivated by the paucity of literature on management accounting practices in the developing countries in general and in Libya in particular. The case study approach adopted in conducting the present research was useful in exploring the dynamics of the MACS in the two organizations. Data were collected from three sources of evidence are semi-structured interviews, observations include the direct observation and the participant observation and various documents.New institutional sociology (NIS) perspective provided the theoretical framework to interpret and analyze the findings. The study also investigates the interplay between the institutional forces, market forces and intra - organizational power relationships. This analysis is essential to overcome the criticism of NIS that it downplays the role of market forces and intra - organizational power relations. The findings of the study have implications for understanding the operations of MACS in developing countries.
This report investigates the presentation and analysis of financial information in 41 UK Manufacturing companies. Traditional and contemporary accounting techniques are exemplified in the case studies. With old and new techniques explored, the research shows that there is little that is new in management accounting theory and practice. The study concludes that there is not one set of practices which all should follow.Cima research report reveals methods currently used for reporting financial information in UK manufacturing companies.Based on 41 companies, it shows a rich diversity of reporting practices that are constrained neither by the financial accounting requirements of SSAP9 nor by any sense of general management accounting trends. Financial Directors choose from a toolkit of traditional and contemporary practices in constructing reporting systems appropriate to their varied commercial needs, but with a strong leaning towards contribution margin approaches.
Moscove ?accounting? Information Systems Concepts And Practice For Effective Decision Making
Management Accounting and Strategic Human Resource Management,
Accounting Information Systems and Internal Control
Accounting can be considered as trade language that is used for communications. In the past, accounting was used to identify, measure, record, classify, adopt, and report of financial transactions. But, by progress of technology, accounting is an important control, planning, and decision-making tool today. Thus, there are large changes in views toward accounting, which the most important one is “accounting as an information system As well as Firms are exposed to several risks in the ordinary course of operations and when borrowing funds. For some risks, management can obtain protection from an insurance company. There are capital market products available to management to protect against certain risks that are not insurable by an insurance company. The instruments that can be used to provide such protection are called derivative instruments, so named because they derive their value from whatever the contract is based on. These instruments include futures contracts, forward contracts, option contracts, swap agreements, and cap and floor agreements. There has been public concern about the use of derivative instruments by firms.