scholarly journals Perceived use of accounting information and practices of accounting in micro enterprises of developing countries

2020 ◽  
Vol 19 (4) ◽  
Author(s):  
Zakir Hosen ◽  
Takibur Rahman ◽  
Mamun ur Rashid
Keyword(s):  
Decision Making ◽  
Developing Countries ◽  
Research Question ◽  
Accounting Information ◽  
Business Decision ◽  
Current Accounting ◽  
Positive Effects ◽  
Business Entities ◽  
Micro Enterprises ◽  
Current Practices

Research question: What is the perceived use of accounting information and current practices of accounting in micro enterprises? Motivation: Business decisions are more accurate and focused if they are made based on reliable information, for instance, accounting information. However, the use of accounting information in decision-making varies among the business entities, which is even poor in micro enterprises in developing countries. Idea: This study aims to examine perceived use of accounting information in decision-making and current practices of accounting in micro enterprises of Bangladesh. Data: The data include the characteristics of owner and business, perception on accounting systems, the use of accounting information (ACI) in decision-making and the current accounting practices collected from 148 respondents. Tools: The data are analyzed using standard descriptive statistical tools and multivariate regression. Findings: We find that the perception regarding the use of ACI in decision-making is low. Furthermore, the existing practices of accounting in surveyed entities are very low. The key practices, in terms of weighted mean, are cash reconciliation and practices of budgeting. Furthermore, the number of employees in the enterprises has a positive significant relationship with the perception regarding the use of ACI in decision-making. Besides, enterprises practicing accounting have higher performance. In addition, the size, and the nature of business have statistically significant positive effects on turnover. Contribution: This study may help stakeholders in understanding the role of accounting in business decision-making and its impacts on financial performance of the micro enterprises in developing countries.

scholarly journals Accounting Information in a Business Decision-Making Process – Evidence from Croatia

2015 ◽  
Vol 18 (1) ◽  
pp. 61-79 ◽  
Author(s):  
Ana Ježovita
Keyword(s):  
Decision Making ◽  
Empirical Research ◽  
Accounting Information ◽  
Financial Statements ◽  
Decision Making Process ◽  
Business Decision ◽  
Accounting Data ◽  
Financial Position ◽  
Business Efficiency

Abstract The objective of the conducted research includes examining importance of financial statements and financial statements analysis in business decision-making process. Conducted empirical research is focused on analysis of determining and evaluating the frequency of using accounting data and annual financial statements within the business decision-making process. According to obtained results, it can be concluded that more than 60% of examines frequently use accounting information and information available from annual financial statements within business decision-making process, and that they are familiar with methods of using technics of financial statements analysis for purposes of evaluating financial position and business efficiency.

scholarly journals The Potential of The Big Data Implementation, in Serbia, in the context of Marketing Research

2018 ◽  
Vol 23 (2) ◽  
pp. 39
Author(s):  
Ana Miodrag Zekavica ◽  
Aleksandar Djordjevic ◽  
Aleksandra Vukmirovic ◽  
Jovanka Vukmirovic ◽  
Milica Brankovic
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Online Survey ◽  
New Technologies ◽  
Research Question ◽  
Marketing Research ◽  
Business Environment ◽  
Global Market ◽  
Business Decision ◽  
Business Entities

Research question: Big Data represents a true business revolution in many areas, and, as such, in marketing research, as well. The subject of this study is the analysis of the existing stage, as well as of the achieved results in the implementation of the Big Data Technology in Serbia. Motivation: The success in managing the company depends on the ability to provide quality and comprehensive information by establishing personalized (1:1) communication with consumers on the global market in real or near real-time. This form of communication has become an imperative of the modern business decision-making process. Advanced Internet technologies, Cloud Computing (Cloud Technology), Big Data and Artificial Intelligence open a significant business potential for companies in Serbia to emerge on global markets. Idea: of this study is to perceive current business environment in Serbia through the prism of research development based on the Big Data technologies. Relevant hypotheses and conducted research have been set up with the aim of pointing to the potential of applying modern information-communication technologies, with an emphasis on artificial intelligence and the Big Data concept. Data: The survey was conducted on 154 business entities from the Serbian Business Register Agency’s database. The applied sampling method was a random analysis (selection was made randomly from the total number of selected companies, with the same probability of choice). Tools: An online survey was used, and respondents were contacted via e-mail. Findings: Research results, opinions and attitudes of managers, experts in the fields of marketing research and information technology, indicate a significant degree of justifiability of investments in new technologies in the Republic of Serbia and result in several proposals of certain measures and recommendations of incentives that should be conducted by the State. Contribution: The solutions in this paper are based upon the implementation of standardized procedures and advanced tools that could be used to overcome a "bottleneck" in the existing IT infrastructure, in order to enable a rapid collection and implementation of enabled data.

scholarly journals IMPACTS OF MANAGEMENT ACCOUNTING IN MICROENTERPRISES ENTERPRISES: A SYSTEMATIC REVIEW

2021 ◽  
Vol 6 (1) ◽  
Author(s):  
Ali Alfartoosi ◽  
Mohd Abdullah Jusoh ◽  
Harith Yas
Keyword(s):  
Decision Making ◽  
System Analysis ◽  
Management Accounting ◽  
Empirical Studies ◽  
Accounting Information ◽  
Essential Elements ◽  
Cost System ◽  
Project Documentation ◽  
Key Drivers ◽  
Micro Enterprises

The current study sought to explore and understand how te use of management accounting techniques in microenterprises affects those entities. Precisely, the study focused on examining how the application of management accounting tools affects microenterprises. The research methodology employed in this study involved collecting data from journals, articles, publications, and relevant empirical studies. The collected data was analyzed through common themes generated from the project documentation. The results of the study depicted that management accounting practices such as cost system analysis, budgeting and providing accounting information improved the performance of microenterprises. Besides, these tools were evidently supported as essential elements in decision making as far micro enterprises are concerned. The study recommends that microenterprises should focus on budgeting, cost system analysis and using accounting information as their key drivers in decision making. Besides, the study proposed further research to be done with empirical studies to gauge whether the conclusions drawn will be the same.

scholarly journals The Role of Accounting Information Systems in Supporting Sustainable Business (Study In Wonosobo Cut Flower MSMEs

2021 ◽  
Vol 10 (3) ◽  
pp. 454-466
Author(s):  
Fitri Ayu Lestari ◽  
Hetik Wulandari ◽  
Puji Noviyanto ◽  
Ira Nurviana Widyawati ◽  
Nurdian Susilowati
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Business Strategy ◽  
Accounting Information ◽  
Sampling Technique ◽  
Cut Flower ◽  
Sustainable Business ◽  
Business Decision ◽  
Accounting Information Systems

The purpose of this study was to examine the business strategy of Micro, Small and Medium Enterprises (MSMEs), the role of accounting information systems in supporting sustainable business, and the constraints on the use of accounting information systems. This type of research was a case study on Cut Flower SMEs in Wonosobo Regency. The sampling technique used purposive sampling with five informants of SMEs, cut flowers of chrysanthemum and kalili. Data collection techniques used documentation studies and in-depth interviews. The collected data was then analyzed by using data analysis developed by Miles and Huberman. MSME actors set a product differentiation business strategy to increase sales turnover. Here, Accounting information systems had a role for business decision making so that investors could include their capital and customer trust. The obstacle to the implementation of the accounting information system was that there was no clear division of tasks between employees and owners so that all business activities were carried out together. This research contributed to the development of sustainable business theory in order to obtain a model of the existence of SMEs during the pandemic that could be used as material for business decision making.

scholarly journals Financial information in the management of the local gov-ernment unit

2018 ◽  
Vol 189 (4) ◽  
pp. 171-180
Author(s):  
Monika Wakuła
Keyword(s):  
Decision Making ◽  
Local Government ◽  
Relevant Information ◽  
Financial Information ◽  
Accounting System ◽  
Management Process ◽  
Current Accounting ◽  
Decision Making Processes ◽  
Last Stage ◽  
Business Entities

Changes occurring in the conditions under which local government units function require the adaptation of the type, scope and frequency of information provided that is used in decision-making processes. In business entities, relevant information used in management is provided by the accounting department and in particular its last stage of reporting. The current accounting system of territorial self-government units is simplified and directed towards the implementation of budgetary tasks and the maintenance of budgetary disci-pline. Accordingly, the information contained in those companies' reports is incomplete and insufficient for management purposes. Therefore, it would be necessary to transform this system in order to improve the use of information generated in the management process.

scholarly journals In Search of Autonomy: Dancing With Rules

2021 ◽  
Vol 12 ◽  
Author(s):  
Frode Heldal ◽  
Erlend Dehlin
Keyword(s):  
Decision Making ◽  
High Risk ◽  
Research Question ◽  
Individual Decision ◽  
Negative Freedom ◽  
Hospital Unit ◽  
Individual Decision Making ◽  
Positive Effects ◽  
Rule Dynamics ◽  
Practical Implications

Purpose: Autonomy in organisations cannot exist without rules nor relationships. Yet, previous research tends to elicit understandings of autonomy as freedom from external constraints to enact free individual will. And there are numerous positive effects related to autonomy at work. But research has not kept pace with modern-day organisations that are highly flexible and dynamic. Current understandings of autonomy are static. Autonomy is mainly regarded as something individuals possess, more or less constricted by rules. Our purpose is to contribute a more flexible and practice-oriented concept of autonomy to answer the research question: How is autonomy developed and practiced in relation to formal rules in high-risk organisations?Design: To investigate autonomy as a dynamic and flexible concept, we draw on two case studies comprised of a total of 52 interviews and more than 10 h of observation. The cases include a factory and a hospital unit.Findings: We suggest, based on the data, that autonomy is a relational phenomenon. We suggest four different autonomy-rule dynamics: Passive, loyal, self-promoting, and co-generative learning.Research Implications: Regarding autonomy as relational rather than individual contributes to our understanding of organisations as always in the making. In this, we emphasise the interactive element of autonomy.Practical Implications: Practitioners and managers may use our suggestions to work with autonomy in a different way, spurring creativity and improvisation by constructively using rules.Originality: Little research has paid attention to the concept of autonomy (despite its importance), and arguably, a trend in the available research concerns a commodification of the phenomenon, primarily aligning autonomy with (degrees of) negative freedom and individual decision making. We unpack the concept with attention to interaction – what we have called dancing with rules.

scholarly journals The System of Management Accounting Information to Support Decision Making in Business

2017 ◽  
Vol 7 (1) ◽  
pp. 99
Author(s):  
Dam Bich Ha ◽  
Dam Gia Manh ◽  
Doan Van Anh
Keyword(s):  
Decision Making ◽  
Information System ◽  
Competitive Advantage ◽  
Accounting Information ◽  
Business Decisions ◽  
Business Decision ◽  
High Effectiveness ◽  
Strategy Planning ◽  
Support Decision Making ◽  
Decision Making Support

Strategy planning for competitive advantage and high effectiveness is always a target of every corporation. Nowadays, in times of wider and deeper international integration in the economy, along with industrialization and modernization, establishing and installing an information system which supports Vietnamese corporations in operation and decision-making has become pressing and necessary. Despite of successes in using the information system to make business decisions for a few years, Vietnamese corporations need to solve matters to improve it.The article deals with basic theoretical matters of the information system in decision-making support and the fact of using it in Vietnam. It has also analyzed, evaluate the strengths and weaknesses of establishing an information system in business decision-making support, suggest Vietnamese corporation’s models and solutions promote the system aiming to competitiveness and effectiveness in business.

scholarly journals Exploring the level of utilizing management reports in decision-making in Croatian companies

2021 ◽  
Vol 26 (2) ◽  
pp. 63-78
Author(s):  
Mirjana Hladika ◽  
Berislav Žmuk
Keyword(s):  
Decision Making ◽  
Positive Impact ◽  
Management Accounting ◽  
Accounting Information ◽  
Decision Making Process ◽  
Business Decisions ◽  
Accounting Information System ◽  
Business Decision ◽  
A Company ◽  
Important Basis

Effective business decisions have a positive impact on the overall business of a company. Each business decision should be based on relevant, high-quality, and reliable information prepared by a management accountant in accordance with managers' specific requirements. In order to be support the efficient decision-making process, the management accounting information should be appropriate for a particular business decision, and it should reflect the role, responsibility, and value it has for a manager that participates in the decision-making. This paper aims to investigate whether the management accounting information system is developed in Croatian companies. In order to collect data for the analysis, a web survey was conducted on a representative sample of Croatian companies. Overall, 225 companies from the real sector participated in the survey. The results have shown that managers consider management reports an important basis in decision-making. Furthermore, the findings of this study have shown that managers in large companies use management reports to a greater extent in decision-making than managers in micro, small, and medium-sized companies do.

Accounting statements and operational controllership

1996 ◽  
Vol 2 (1) ◽  
pp. 135-139
Author(s):  
Lajoš Žager
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Accounting Information ◽  
Financial Statements ◽  
Financial Ratios ◽  
Accounting System ◽  
Business Decision ◽  
Accounting Information Systems ◽  
Comprehensive Information

Accountancy information is the output of accounting system, presented in the form of different statements. Auditing examines true and fair view of financial statements. Financial statements analysis contains a series of various procedures by which financial statements data are processed into accounting information relevant to management. It is financial ratios which communicate the information. Operational controllership requires connecting accounting and non-accounting information. Controllership provides quality and comprehensive information for business decision making proces through integrating accounting and non-accounting information systems and through adjusting these systems to requirements of information users.

scholarly journals The Value Relevance of IFRS Adoption in Indonesia

2018 ◽  
Vol 20 (1) ◽  
pp. 13
Author(s):  
Juniarti Juniarti ◽  
Ferbiana Helena ◽  
Karina Novitasari ◽  
Wenny Tjamdinata
Keyword(s):  
Developing Countries ◽  
Value Relevance ◽  
Stock Exchange ◽  
Research Question ◽  
Random Effect ◽  
Random Effect Model ◽  
Accounting Information ◽  
Least Square ◽  
Ifrs Adoption ◽  
Effect Model

Pros and cons of the benefits of IFRS adoption have become an ongoing debate following the inconclusive results of prior studies. Whether IFRS increase value relevance of account­ing information or not, especially in developing countries is an interesting and relevance research question. Indonesia as one of the developing countries that committed to adopting IFRS has an interest in obtaining empiric evidence on the value relevance of accounting information after nearly five years of IFRS implementation.  This study aims to fill the need to enhance adopters' compliance with the standard. Ohlson Modified Model (1995) is used to test the value relevance of accounting information. Using longitudinal data of listed manu­facturing companies in Indonesia Stock Exchange (IDX), this study confirms that value relevance of accounting information increase after  IFRS adoption than before adoption. The results robust using Pooled Least Square and Random effect model.

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