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.
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.
A user-oriented approach to management accounting concepts and techniques This thoroughly revised new edition of Management Accounting in Health Care Organizations provides introductory-level instruction and a user-oriented approach to management accounting concepts and techniques that help prepare students for managerial work in health care. The new edition includes information regarding the role of management accounting in health care organizations, the impact of the Affordable Care Act on managerial responsibilities, recent changes in operational budgeting practices—including a focus on «budget drivers,» the importance of managing the revenue cycle, and other factors that have fundamentally altered the use of management accounting in health care organizations over the past several years. Throughout this edition, the author introduces concepts and techniques that will help students identify, analyze, and apply key management accounting principles. The use of practice case studies at the end of each chapter allows students to master the techniques rather than simply memorize them. Assesses the impact of health care's impending fiscal crisis on the management accounting needs of health care organizations Describes the essentials of full-cost accounting, differential-cost accounting, and activity-based accounting, while illustrating their use in health care organizations Explains responsibility accounting and provides guidance on designing a responsibility accounting structure
This work makes a thorough presentation of management accounting practices prevalent in four major forms of cooperatives representing manufacturing, processing and distribution societies. Divided into two sections, this work makes an independent case presentation as well as collated detailed presentation of common management accounting practices pertaining to different aspects viz financial accounting, cost accounting, budgeting, internal audit, and management reporting in the selected cooperative institution. This work is contemporary in nature and is useful to scholars interested in understanding accounting practices in Indian cooperatives, academics teaching management accounting and practitioners attempting to gain knowledge on these practices.
Management accounting change has become a topic of much debate in recent years. These debates comprise various issues including whether management accounting has not changed, has changed or should change. Nevertheless, little research attention has been paid to the processes of change through which new management accounting practices have emerged. Management accounting change is a complex multiple dimensional phenomenon and has to be studied as an ongoing, cumulative process, not in isolation from the organizational context in which it is located. To highlight the unfolding characteristics of management accounting change as process rather than as outcome, a ‘processual’ approach is appropriate. Furthermore, to address management accounting change in its specific context, a conceptual framework will also be useful. The conceptual framework adopted in this study is drawn from institutional theory, a theoretical approach which is congruent with a processual approach. The present study aims to tease out, conceptually at least, the temporal dimensions of management accounting change; and, demonstrates why and how new forms of management accounting practice evolve in the manner they do.
The essence of security controls in every computerized accounting system is to prevent, detect and correct unlawful events or error with the potential to impart negatively on information generated from computerized accounting information systems (CAIS). This book therefore discussed those preventive, detective and corrective controls essential for ensuring the confidentiality, integrity, availability and reliability of information generated from such systems. This book also identified components such as programming languages (PL), Database Management Systems (DBMS) and Cryptographic Mechanisms as essential for developing a Secured CAIS. It was also realised that the successful implementation of a CAIS in organizations are largely influence by some critical factors; these factors are explained in the book. The book closes with a recommendation for ensuring the successful implementation of a Computerized Accounting Information Systems (CAIS)
With easy-to-understand explanations and real-life examples, Management & Cost Accounting For Dummies provides students and trainees with the basic concepts, terminology and methods to identify, measure, analyse, interpret, and communicate accounting information in the context of managerial decision-making. Major topics include: cost behaviour cost analysis profit planning and control measures accounting for decentralized operations budgeting decisions ethical challenges in management and cost accounting
This book examines the effect that rules-based and principles-based accounting standards have on the level and nature of earnings management decisions. A cherry picking experiment is conducted to test the hypothesis that a substitution effect is expected from accounting decisions to transaction decisions after a reduction of accounting discretion. Moreover, no earnings management is expected without sufficient incentive to engage in earnings management and no differences are expected in the total level of earnings management between accounting standards. In addition, the study holds an elaborate post experimental survey and in depth interviews to triangulate this entire topic. Results show a substitution effect in which more transaction decisions take place in a rules-based environment and more accounting decisions in a principles-based setting. Managers only engage in earnings management when sufficient incentives are involved. The level of earnings management does not depend on the accounting standards. These results suggest that changing from rules-based to principles-based accounting standards will only affect the nature of earnings management.
This book sought to determine the effectiveness of record keeping and accounting systems in the informal sector businesses in Mucheke Light Industrial Area in Masvingo City. Seventy-seven informal sector businesses, the Zimbabwe Revenue Authority (ZIMRA), Small Enterprises Development Corporation (SEDCO), the Ministry of Small and Medium Enterprises Development and Zambuko Trust were used as research subjects. It was established that record keeping and accounting systems in the informal sector were ineffective and unreliable. The businesses lacked the necessary knowledge and interest in keeping proper and effective records and accounts. The authors recommend that the informal sector businesses be trained in record and accounting systems. It is also useful if stakeholders dealing with the sector require dependence on records and accounting systems for purposes of monitoring and advice. The book targets all stakeholders who have interest in the development of informal businesses.
Managers of an organization need essentials and general understanding of what the management work entails and that knowledge can expand through reading theories, textbooks and literature. This analysis identifies the important management areas prioritize by today’s managers and recognizes the up to date comprehensive contribution of academic scholars and researchers to management accounting literature. Likewise, this undertakes the purpose of explaining, predicting and understanding the importance of management accounting research investigated by scholars and students in the academic discipline for managers and other users.
Management accounting education has long revolved around large-scale traditional manufacturing industries. We know that this is no longer the operating environment for many businesses and yet many textbooks have not undergone the changes that these organisations have. Management Accounting in the Contemporary Business World recognises the changes that have taken place, such as the shift from manufacturing to services, globalization and the increased role of technology, and addresses the issue of how management accounting should be undertaken in modern operating environments. The book provides a comprehensive discussion about the nature of the changes involved and their implications for all aspects of management accounting in the operational, tactical and strategic spheres. The content of the book is enhanced by the use of many practical case studies.
Cost and Management accounting is very important for control the cost and money. It is a tool which is very important for service and non service sectors. Cost accountancy is an essential part of accountancy, which has been developed to meet the managerial needs of business. Starting off as a branch of financial accounting, cost accountancy has developed so fast in the last few decades that it is difficult to give suitable definition, which fully covers its scope. The management accountant is expected to provide timely, accurate information-.including budgets, standard costs, variance analysis, support day-to-day operating decisions, and analyses of expenditures. So, this book will help to the cost and management accountant very usefully. In this book it is mentioned about the introduction about cost and management accounting, cost terminology and classifications, manufacturing overhead cost allocations, job order costing, process costing, joint and by products, master budget, responsibility accounting and income effecting of alternative inventory costing systems. It will help every business concern to learn how to control the cost though the costing techniques.
The efficiency and capability with which traditional cost and management accounting practices can cope with the requirements of technological changes and innovations in manufacturing practices have been of major concern in the cost and management accounting literature since the 1980s. In particular, it has been argued that the information provided by traditional management accounting techniques is not up to date, detailed or accurate enough to cope with the requirements of today’s managerial needs. However, despite the introduction of numerous cost and management accounting innovations, recent survey evidence suggests that the take-up of management accounting innovations is dismally low and that the diffusion of these innovations has continued to be an important issue. Developing a diffusion model, this book investigates the impact of a variety of contextual factors (characteristics of innovations, characteristics of adopters and external factors) on the diffusion of management accounting innovations.
The paper Informational system of the management accounting and calculation of costs; it aims to develop the practical aspects of management accounting in order to bring value to an entity through better use of financial resources and financial services and to meet its customers' needs faster than the competition by offering better quality to products, offering a support. The book "Informational system of the management accounting and costs" aims to develop the practical aspects of management accounting in order to bring value to an entity through better use of financial resources and financial services and to meet its customers' needs faster than the competition by offering better quality products and offering a support. Management accounting conceptual framework must be assessed at actual value of each field. It can be applied by the entity managers to understand, assess and develop specific aspects and their work on resources efficiency, by professional accountants to guide, compare and develop their contribution to the organization and development of management accounting.