scholarly journals The Application of Management Accounting Techniques at Star Hotels in Denpasar City

2018 ◽  
Vol 10 (1) ◽  
pp. 27
Author(s):  
Ni Made Adi Erawati ◽  
Komang Ayu Krisnadewi
Keyword(s):  
Decision Making ◽  
Human Resources ◽  
Performance Assessment ◽  
Management Accounting ◽  
Hotel Industry ◽  
Accounting Information ◽  
Decision Making Process ◽  
Study Results ◽  
Survey Results ◽  
Common Application

This study aims to identify management accounting techniques applied in the hotel industry in Denpasar, Bali. Besides, this study also aims to find out how useful the information generated by the technique for management in the decision-making process. The survey results distributed offline and online are processed and analyzed by using descriptive techniques. The study results show that management accounting techniques have been applied in hotels within certain limits. The most common application of management accounting techniques employed by hotels is the preparation of flexible operating budgets and the financial performance assessment as a benchmark of budget conformity. Despite the less application of other management accounting techniques, the company realizes that the benefits resulting from this management accounting information are very important. The company's inability to provide information from other management accounting techniques is mostly caused by the inability of human resources in using such techniques.

scholarly journals Management Accounting Information in Vietnamese Small and Medium Sized Enterprises

2017 ◽  
Vol 7 (1) ◽  
pp. 130
Author(s):  
Thi Tu Oanh Le ◽  
Thi Ngoc Bui ◽  
Manh Dung Tran
Keyword(s):  
Decision Making ◽  
Human Resources ◽  
Management Accounting ◽  
Accounting Information ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Employment Opportunities ◽  
Management Accountants ◽  
Personal Experiences ◽  
Planning Decision

The small and medium-sized enterprises (SMEs) in Vietnam play an increasingly important role in the economy by the amount (representing 97.7% of Vietnam firms), contribute economic development and create more employment opportunities. However, because of economic crisis, financial downturn, unhealthy competitions, free trade agreements and others, the number of SMEs recently is downsizing in firm size, human resources and more and more SMEs go bankruptcy in the context of Vietnam. This situation may be due to the enterprise use ineffective management accounting tools.This article reviews and assesses the creation and use of management accounting information which has an important part to play with respect to planning, decision-making, monitoring and controlling of the activities of SMEs in Vietnam. Data collected from a posted survey of five enterprises with twenty two interviews of directors, chief accountants and management accountants. The results show that management accounting information has not really been interested from managers and accountants. Management accounting information is weak in quantity and poor in quality; administrators are operating firms primarily based on personal experiences. Therefore, management accounting information has not been promoted in the management, monitoring and decision making of SMEs in Vietnam. The addition of management accounting knowledge for managers and accountants is necessary for development of SMEs.

scholarly journals The outsourcing decision-making process: two extensions to the management accounting toolkit

2012 ◽  
Vol 2 (2) ◽  
pp. 59-69
Author(s):  
Lars Bråd Nielsen ◽  
Hanne Nørreklit
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Accounting Information ◽  
Decision Making Process ◽  
Rational Decision ◽  
Manufacturing Companies ◽  
Academic Literature ◽  
Rational Decision Making ◽  
Pragmatic Constructivism ◽  
Outsourcing Decision

In response to a lack of research, this paper explores the type of reasoning that companies use to structure their complex outsourcing decision and the procedures for producing relevant accounting information. Analyzing two manufacturing companies, we uncover two methods for structuring the outsourcing decision-making process and for determining relevant accounting information: an analytical method and an actor-based method rooted in pragmatic constructivism. The two cases show that both strategy and management accounting play an interrelated, crucial role in the decision to outsource. The article adds to the academic literature on calculative decision theory by accentuating the notion of ‘practice’ rational decision-making, where managers have to integrate sensing and reasoning into practical affairs. In practice, the results provide extensions to the management accounting toolkit since these cases can serve as inspiration for structuring the outsourcing decision-making process in similar situations.

scholarly journals End-user survey results as contribution to energy performance assessment of precast panel housing stock

2014 ◽  
Vol 13 (3) ◽  
pp. 317-324
Author(s):  
Anna Ostańska
Keyword(s):  
Decision Making ◽  
Performance Assessment ◽  
Housing Stock ◽  
Energy Performance ◽  
Typical Feature ◽  
Decision Making Process ◽  
End User ◽  
User Survey ◽  
User Input ◽  
Survey Results

The paper presents an analysis of a survey among residents of a housing district in Lublin, Poland. The survey, conducted by means of a bespoke questionnaire, was aimed not only at collecting the end-user input on the effects of maintenance and retrofitting actions completed so far and preferences on future actions, but also to arouse interest in participating in the decision-making process related with improving energy performance of the housing stock. The investigations, being a part of a larger research project started in 2004, are focused on assessing the potential for improvement of the precast panel housing stock which is a typical feature of Poland’s building environment.

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.

Model to Estimate the Human Factor Quality in FLOSS Development

2015 ◽  
pp. 219-236
Author(s):  
Zulaima Chiquin ◽  
Kenyer Domínguez ◽  
Luis E. Mendoza ◽  
Edumilis Méndez
Keyword(s):  
Decision Making ◽  
Human Resources ◽  
Open Source ◽  
Open Source Software ◽  
Human Factor ◽  
Three Dimensions ◽  
Decision Making Process ◽  
Self Evaluation ◽  
Systemic Quality

This chapter presents a Model to Estimate the Human Factor Quality in Free/Libre Open Source Software (FLOSS) Development, or EHFQ-FLOSS. The model consists of three dimensions: Levels (individual, community, and foundation), Aspects (internal or contextual), and Forms of Evaluation (self-evaluation, co-evaluation, and hetero-evaluation). Furthermore, this model provides 145 metrics applicable to all three levels, as well as an algorithm that guides their proper application to estimate the systemic quality of human resources involved in the development of FLOSS, guide the decision-making process, and take possible corrective actions.

scholarly journals How Does COVID-19 Pandemic Influence the Sense of Belonging and Decision-Making Process of Nursing Students: The Study of Nursing Students’ Experiences

2020 ◽  
Vol 17 (15) ◽  
pp. 5603 ◽  
Author(s):  
Luis Miguel Dos Santos
Keyword(s):  
Decision Making ◽  
Nursing Students ◽  
Human Resources ◽  
Sense Of Belonging ◽  
Social Cognitive ◽  
Educational Achievement ◽  
Decision Making Process ◽  
Personal Sacrifice ◽  
Almost All ◽  
Financial Consideration

Financial consideration, internal and external influence, personal goal, and educational achievement always influence the decision-making process and behavior of individuals. Using nursing students as the population, the researcher employed the Social Cognitive Career Theory as the theoretical framework to examine the nursing human resources shortages and how would the COVID-19 pandemic influence the experiences, sense of belonging, and career decision-making process of 58 nursing students in South Korea. The researcher categorized the sharing into two groups, which were before the influence of the COVID-19 pandemic, and the changes during the COVID-19 pandemic. The results indicated that financial consideration was the significant reason why South Korean nursing students decided to study nursing regardless of the COVID-19 pandemic. More importantly, almost all participants decided to leave the nursing profession due to the COVID-19 pandemic and the consideration between financial factor and personal sacrifice. The outcomes of this study provided a blueprint for human resources professionals, government leaders, policymakers, school leaders, and hospital managers to reform their current curriculum and human resources planning to overcome the potential human resources gaps in the soon future due to the COVID-19 pandemic.

scholarly journals An intelligent order allocation system for effective order fulfilment under changing customer demand

2019 ◽  
Vol 255 ◽  
pp. 02002
Author(s):  
K.H. Leung ◽  
K.L. Choy ◽  
H.Y. Lam
Keyword(s):  
Decision Making ◽  
Intelligent System ◽  
Fuzzy Ahp ◽  
Sudden Change ◽  
Pairwise Comparison ◽  
Decision Making Process ◽  
Order Allocation ◽  
Domain Experts ◽  
Customer Order ◽  
Study Results

In today's intense global competition, problems still exist under the umbrella of Just-in-Time application in the field of order management. The management of a firm usually faces difficulty in allocating stock to fulfil customer order, especially in the case of receiving a sudden change request from customers. In order to ease order allocation issues aroused by JIT, an intelligent system, namely, Intelligent Sales Order Handling System (ISOAS), is developed through the integration of fuzzy-AHP approach for decision making process in order allocation. This approach enables the selection of desired sales orders based on multiple criteria which may be quantitative or qualitative in nature, according to the judgment of scholars and domain experts. With ISOAS, customer orders are prioritized with respect to the values according to their performance under each decision making attributes. The degree of confidence of the decision judgements are quantified through the spread of fuzzy numbers with fuzzy pairwise comparison calculations. The approach can transform the fuzziness of human preference into the measurable number, enabling the operation of the AI-based system to assist humans in decision-making. An order allocation case study in a logistics department is demonstrated in this study. Results indicate an improved efficiency during the decision making process.

When Do Opportunity Costs Count? The Impact of Vagueness, Project Completion Stage, and Management Accounting Experience

2010 ◽  
Vol 22 (1) ◽  
pp. 85-108 ◽  
Author(s):  
Lisa Marie Victoravich
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Relevant Information ◽  
Opportunity Costs ◽  
Decision Making Process ◽  
Business Partner ◽  
Project Completion ◽  
Management Accountants ◽  
Two Factors ◽  
The Impact

ABSTRACT: Management accountants have recently migrated toward a business partner role, and as a result they often assist management with the decision-making process. Thus, it is imperative that they excel at identification of relevant information such as opportunity costs. This study experimentally tests the prediction that management accounting experience mitigates the tendency to ignore opportunity costs with respect to two factors: opportunity cost vagueness and project completion stage. This study also investigates whether attending to opportunity costs has an impact on project continuance decisions. Results indicate that management accounting experience mitigates the effect of vague opportunity costs and project completion stage. It was also found that attention to opportunity costs acts as mediator and this in turn reduces the tendency to continue an existing project. This suggests that attending to opportunity costs influences decision-making and that it is likely to have an economic consequence.

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