Book Reviews: Financial Reporting & Analysis ; Principles of Accounting ; Advanced Accounting ; Financial and Managerial Accounting ; Advanced Financial Accounting ; Cost Management: A Strategic Emphasis ; Advanced Accounting ; Financial Accounting ; Management Accounting ; Auditing and Assurance Services ; Electronic Commerce

2002 ◽  
Vol 17 (3) ◽  
pp. 347-344
Author(s):  
Dwight Owsen ◽  
Harold Goedde ◽  
Philip L. Kintzele ◽  
Martha M. Pointer ◽  
Ray G. Stephens ◽  
...  
Keyword(s):  
Electronic Commerce ◽  
Financial Reporting ◽  
Cost Management ◽  
Management Accounting ◽  
Financial Accounting ◽  
Managerial Accounting ◽  
Accounting Management ◽  
Strategic Emphasis ◽  
Assurance Services

PROFESSIONAL DOMINANCE: THE RELATIONSHIP BETWEEN FINANCIAL ACCOUNTING AND MANAGERIAL ACCOUNTING, 1926–1986

2002 ◽  
Vol 29 (2) ◽  
pp. 91-121 ◽  
Author(s):  
Alan J. Richardson
Keyword(s):  
Management Accounting ◽  
Financial Accounting ◽  
Managerial Accounting ◽  
Letters To The Editor ◽  
Management Accountants ◽  
Professional Dominance ◽  
The Relationship

This paper examines the relationship between financial and managerial accounting as reflected in articles, editorials and letters to the editor published in Cost and Management, the Canadian trade magazine for management accountants, between 1926 and 1986. It has been claimed that during this period management accounting techniques lost their relevance to manufacturers, in part, due to the dominance of financial accounting over managerial accounting. This is also the period in which management accounting struggled to become recognized as a profession distinct from financial accounting. The analysis thus focuses on the jurisdictional dispute between financial and managerial accounting and the mechanisms by which managerial accounting was subordinated to financial accounting. The paper identifies the technical, organizational and professional mechanisms used to subordinate managerial accounting. The paper also demonstrates that management accountants were aware of the consequences of their relationship to financial accounting for the relevance of their techniques. Contemporary events suggest that the intersection of financial and managerial accounting remains disputed territory.

Management Accounting in the Digital Economy

2020 ◽  
pp. 156-176 ◽  
Author(s):  
Sorinel Căpușneanu ◽  
Dan Ioan Topor ◽  
Dana Maria (Oprea) Constantin ◽  
Andreea Marin-Pantelescu
Keyword(s):  
Information Technology ◽  
Industry 4.0 ◽  
Information Technologies ◽  
Cost Management ◽  
Management Accounting ◽  
New Economy ◽  
Digital Economy ◽  
Current State ◽  
Accounting Management

This chapter presents the evolution and perspectives of management accounting in the digital economy. The main objectives of this chapter are to present the different conceptual approaches of the digital economy and Industry 4.0, the B20 pillars and their impact on the management accounting, the role of management accounting and of the management accountant in the new economy, forecasts and solutions regarding the adaptation of the management accounting to the digital economy, and cost management of the implementation of innovative information technology. All aspects presented are based on national and international professional studies and attempt to present the current state of the themes addressed. The chapter ends with the author's conclusions regarding management accounting in the digital economy. Through the authors' contribution, the chapter offers perspectives and solutions to increase knowledge to implement information technologies and adapt accounting management to these innovative waves.

Issues Of Managerial Accounting Methodology

2012 ◽  
Vol 4 ◽  
Author(s):  
Barulina E.V ◽  
Barulina M.S
Keyword(s):  
Financial Planning ◽  
Planning Process ◽  
Management Accounting ◽  
Process Research ◽  
Financial Accounting ◽  
Added Value ◽  
Economic Interest ◽  
Managerial Accounting ◽  
Economic Costs

This article deals with management accounting, its role and objectives during financial planning process. Research of on American, German and Russian scientists are also considered. Author formulates his own definitions of aims of management accounting, highlighters that object of financial accounting have to include economic costs, economic revenue and economic added value, economic interest. More  over Author defines methods of managment accounting.

Is risk reporting a possible link between financial and management accounting in private firms?

2021 ◽  
pp. 29-60
Author(s):  
Chiara Crovini ◽  
Giovanni Ossola
Keyword(s):  
Institutional Theory ◽  
Financial Reporting ◽  
Management Accounting ◽  
Risk Attitude ◽  
Financial Accounting ◽  
Private Firms ◽  
Risk Disclosure ◽  
Direct Outcome ◽  
Risk Reporting

This study represents a theoretical analysis with the purpose to continue the discussion on the relationship between management accounting (MA) and financial accounting (FA), by concentrating on the role of risk reporting as a possible manifestation of their convergence. Moreover, the analysis focuses on the private-firm sector as private firms represent the backbone of the economic system of several countries and little is known about financial and non-financial reporting. Drawing on the neo- Durkheimian institutional theory, this paper develops a conceptual framing that considers risk as an embedded element of the business domain and risk reporting as a direct outcome of the convergence between MA and FA in private firms. Furthermore, the neo-Durkheimian institutional theory emphasizes that the owners and managers' risk attitude is a crucial element affecting risk disclosure, especially in private firms.

Management accounting and costs control in the livestock industry

10.12737/2431 ◽  
2014 ◽  
Vol 8 (4) ◽  
pp. 38-42 ◽  
Author(s):  
Фасхутдинова ◽  
Milyausha Faskhutdinova
Keyword(s):  
Financial Reporting ◽  
Management Accounting ◽  
Scientific Methods ◽  
Economic Relations ◽  
Organization And Management ◽  
Economic Entity ◽  
Accounting Management ◽  
Key Sectors ◽  
Provision Of Services ◽  
On Farm

The article concerns the basics of management accounting and costs control in key sectors of the livestock. Management accounting is based on the intersection of science, by using different scientific methods, combining planning, organization and management of production, accounting and operational accounting, management analysis, valuation, a number of other economic sciences. In view of the integration of this new integrated industry knowledge, several of applied economic sciences, there are substantial breakthroughs to new knowledge and technologies. Accounting enables both managerial staff, so external users to have a fair presentation of the course of business, accounting is the link between economic activity and the management of the enterprise. The effectiveness of this communication provides by control. Control regulates economic relations, providing: the compliance of achieved economic operations in accordance with the statutory legal acts and regulations of the economic entity, the accuracy of accounting, accounting and financial reporting; the willingness of economic unit to external audits; the provision of services for the development and implementation of the entity’s accounting policies to develop and implement on-farm regulations; the maintenance of payments with the state, the owners (shareholders) on shares (shares) and partners for the obligations and agreements.

Good Intentions at Good Grains, Inc.

2012 ◽  
Vol 28 (1) ◽  
pp. 115-129 ◽  
Author(s):  
Susan B. Hughes ◽  
Cathy Beaudoin ◽  
Russell R. Boedeker
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
External Pressure ◽  
Financial Accounting ◽  
Managerial Accounting ◽  
Ethical Considerations ◽  
Generally Accepted Accounting Principles ◽  
Financial Reporting Standards ◽  
Gray Area ◽  
Accounting Principles

ABSTRACT: This case addresses the “gray” area associated with the use of accounting discretion as it relates to expense line item reclassifications. Such a context allows for an examination of the pressures that influence accounting decisions, and provides a glimpse into how managers might manage reported expenses. The reader meets analyst David Johnson when, as a result of both internal and external pressure to keep research and development (R&D) costs within budget, he is asked to find ways to reclassify R&D costs into other expense areas. As a result of the request, David immerses himself in the task in order to identify, within generally accepted accounting principles (GAAP), opportunities to reclassify R&D expenses to cost of goods sold. He ultimately proposes three separate reclassification entries that, although technically within GAAP guidelines, involve the use of accounting discretion. All three entries are approved by the accounting team. Financial accounting, managerial accounting, and M.B.A. students report that the case enhanced their knowledge of financial reporting and helped them understand ethical considerations associated with the preparation of financial statements. Accounting professionals report the case realistically depicts what accountants face in the workplace. A case extension using International Financial Reporting Standards (IFRS) is also provided.

Goodwill accounting as a missing link between financial and management accounting: literature review and research agenda

2011 ◽  
pp. 17-39
Author(s):  
Alberto Quagli
Keyword(s):  
Financial Reporting ◽  
Value Relevance ◽  
Management Accounting ◽  
Financial Accounting ◽  
Accounting Research ◽  
Current State ◽  
External Reporting ◽  
Accounting Rules ◽  
Reporting Environment ◽  
Administrative Tasks

The main objective of this paper is to deal with the relationship between financial and management accounting concerning goodwill accounting. In this research I referred to the existing literature on goodwill accounting, impairment losses, and impairment testing, considering both the amortization and the impairment era in order to understand how interrelationships between financial and management accounting based on goodwill accounting were investigated theoretically. The results of the review still show a lack of dialogue in the accounting research. Even though the scant empirical evidence of operating practice within the companies demonstrate a natural linkage during the impairment era, internal and external reporting are still considered as two separate domains. This result, more logical in the amortization era, denotes by now a relevant gap in accounting research and it is time to pose some relevant research questions to open up an interdisciplinary (internal and external reporting) view. It is possible that the development of this new strand of research helps to advance our knowledge of business on many fronts. I refer to the advancement necessary to explain the mixed results of financial accounting studies such as the controversial value relevance of write-offs or the reason for opportunistic behavior in goodwill accounting, to interpret how financial accounting rules influence management accounting and, in the opposite sense, how management accounting represents a relevant factor in determining the financial reporting environment. A less myopic view, more open to a comparison between management and financial accounting, will also help standard setters , to understand if their rules require the disclosure of already adopted internal practices, if they favor company managerial growth, or if they add new and too sophisticated administrative tasks, too far from the current state of managerial thinking.

How Big Data Will Change Accounting

2015 ◽  
Vol 29 (2) ◽  
pp. 397-407 ◽  
Author(s):  
J. Donald Warren ◽  
Kevin C. Moffitt ◽  
Paul Byrnes
Keyword(s):  
Big Data ◽  
Control Systems ◽  
Financial Reporting ◽  
Global Economy ◽  
Management Control ◽  
Financial Accounting ◽  
Effective Management ◽  
Managerial Accounting ◽  
Reporting Practices ◽  
Development And Evolution

SYNOPSIS Big Data will have increasingly important implications for accounting, even as new types of data become accessible. The video, audio, and textual information made available via Big Data can provide for improved managerial accounting, financial accounting, and financial reporting practices. In managerial accounting, Big Data will contribute to the development and evolution of effective management control systems and budgeting processes. In financial accounting, Big Data will improve the quality and relevance of accounting information, thereby enhancing transparency and stakeholder decision making. In reporting, Big Data can assist with the creation and refinement of accounting standards, helping to ensure that the accounting profession will continue to provide useful information as the dynamic, real-time, global economy evolves.

scholarly journals Problems and Prospects of Accounting Management in the Digital Economy

2020 ◽  
Vol 7 (5) ◽  
pp. 6-14
Author(s):  
A. U. Panakhov
Keyword(s):  
Financial Management ◽  
Systematic Approach ◽  
Management Accounting ◽  
Process Models ◽  
Managerial Accounting ◽  
Accounting Management ◽  
Multi Level ◽  
Business Data ◽  
Modern Technologies ◽  
Selection Of

There is an active digitalization of the collecting processes, consolidating and analyzing business data in the modern economy. Against this background, many classical problems of managerial accounting still remain unresolved, among which the selection of cost objects, the search for optimal methods for calculating costs, and the integration of various types and levels of accounting among themselves. The goal of the paper is to reveal key features of management accounting development in modern enterprises. The methodological basis of the work is a systematic approach, reflected in the idea of management accounting as a multi-level system that combines methodological, organizational and infrastructural aspect. The result of the study is the disclosure of the imbalance problems associated with increased attention to higher levels of management accounting without deepening the study of lower levels of business data. There are proposed the following directions of management accounting development: further division of accounting objects; expanding the possibilities of solving the problems of calculating costs due to modern technologies; integration of cost accounting with process models, which maintained in companies today outside the framework of accounting management. The results may be of interest to researchers, practitioners in the financial management and IT fields

scholarly journals The main aspects of accounting policies of intangible assets of enterprises

2019 ◽  
pp. 149-157
Author(s):  
Valentyna Yasyshena
Keyword(s):  
Intangible Assets ◽  
Management Accounting ◽  
Policy Formation ◽  
Financial Accounting ◽  
Accounting Management ◽  
Logical Method ◽  
Accounting Control ◽  
Main Components ◽  
And Control ◽  
Accounting Policy

Purpose. The aim of the article is the identification of the main components of intangible assets (IAS) accounting policy and its key tasks, which are the basis for the identification and systematization of accounting elements of the IAS and disclosure of their characteristics. Methodology of research. The theoretical basis of the research is the scientific works of domestic and foreign scientists on the problems of research of accounting policy formation, accounting, analysis and control of intangible assets, legislative and normative acts on these issues. General scientific methods (abstraction, comparison, generalization, analysis, synthesis) are used to achieve the goal of the study ‒ to know the basic elements of accounting policies IAS; critical analysis and systematic approach ‒ in disclosing the characteristics of the main elements of accounting policies of the IAS; abstract and logical method - to formulate the conclusions of the study. Findings. It is established that the accounting policy of the enterprise should cover alternative aspects of accounting (financial) accounting, variants of management accounting, features of tax calculations, approaches to control and protection of IAS. The key tasks, which are the basis for defining and systematizing the elements of accounting policies in the IAS, are highlighted. The elements of accounting policy in the part of IAS are disclosed. Originality. The research on the formation of accounting policy of the enterprise according to its relevant components (accounting (financial) accounting, management accounting, tax calculations, control and protection of intangible assets) has received further development. The main elements of the accounting policies of intangible assets are identified and disclosed. Practical value. The implementation of the proposed components of accounting policies of the enterprise with the identification of its main elements in the part of intangible assets will help improve the efficiency of management of intangible assets, which will qualitatively affect the determination of the value of the enterprise. Key words: accounting policy; intangible assets (IAS); basic elements of accounting policies of IAS; financial accounting; management accounting; control.

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