scholarly journals The Effect of Managerial Accounting on the Quality of Decision-Making

2020 ◽  
pp. 544-552
Author(s):  
Dr. Omar Mohammad Al-Hawatmeh
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Practical Experience ◽  
Decision Making Process ◽  
Managerial Accounting ◽  
Factors Affecting ◽  
Industrial Companies ◽  
Internal And External Factors ◽  
The Impact

This study aimed to know the impact of managerial accounting on the quality of decision-making, including the actual impact on the strength of competition with companies, The study also aimed to clarify the importance of the decision-making process and clarify the factors affecting it, whether internal or external, and to indicate the existence of information that helps in decision-making processes in circumstances of uncertainty and clarify the effect of using the management accounting information necessary to analyze the data and conditions accompanying the decision-making process and explain the importance of the information Accounting that helps the organization and consistent with its circumstances and capabilities so that it reflects on the facility profits and its financial position positively, It also aims to identify the extent to which industrial companies use management accounting methods, and to achieve these descriptive goals analysis and inductive analysis approach that followed for specialized industrial companies. The study sample included (40) companies, and the study concluded a number of results, most notably: that the decision-making process is the fundamental essence of the success of management operations in industrial companies, where the decision is based on practical experience and on scientific knowledge and essential studied within an organized framework, and that the decision-making process in industrial companies is affected by internal and external factors.

scholarly journals The Quality of the Decision-Making Process in Road Transport

2019 ◽  
Vol 1 (1) ◽  
pp. 85-92
Author(s):  
Robert Sałek
Keyword(s):  
Decision Making ◽  
Transport Process ◽  
Road Transport ◽  
Quality Of Services ◽  
Decision Making Process ◽  
Factors Affecting ◽  
Management Level ◽  
Transport Services ◽  
Preparatory Stage

Abstract The issue of quality is a very important aspect of the operation of transport companies. In relation to the area of their activity it primarily focuses on the quality of services provided, which can be verified e.g. on the basis of timeliness of deliveries or accepted complaints. This allows for examining the quality after providing the service in order to take future pro-quality actions. However, is it possible to affect the quality of services provided before their provision? The transport process itself is preceded with a range of actions taken within the framework of detailed planning and organization, which can significantly influence the quality of services. The decisions made at the management level are conditioned by many factors determining the course of future events, however, this is not always enough to make the process run uninterruptedly. Therefore, it is important to structure basic actions at the initial stage so as to allow the smooth conduct of the decision-making process for the specific task in order to subsequently focus on the detailed analysis of the actions planned. In the paper, the author attempts to characterize the fundamental factors affecting the decisions taken during the planning and organization of the transport process. The objective of the conducted research is to verify initial decisions and their significance for the improvement in the quality of transport services provided. There was conducted the algorithmization of actions and interpretation of their importance for the quality of decisions taken at the preparatory stage and during transport.

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.

scholarly journals The Effect of Work Pressures on Decision-Making: An Empirical Study on Al Rajhi Bank in Jeddah for the Period from 2018-2020

2020 ◽  
Vol 16 (12) ◽  
pp. 52
Author(s):  
Malak S. S. Hussein
Keyword(s):  
Decision Making ◽  
Statistical Analysis ◽  
Work Stress ◽  
Analytical Approach ◽  
Decision Making Process ◽  
Kingdom Of Saudi Arabia ◽  
Factors Affecting ◽  
Scientific Hypothesis ◽  
Research Questions ◽  
The Impact

This study deals with identifying the impact of work pressures on decision-making, at Al-Rajhi Bank in Jeddah - Kingdom of Saudi Arabia. The main objective of this research is to answer the following research questions: - What is the effect of work stress on the decision-making process? To answer these questions, on which the problem is centered, the following scientific hypothesis has been put forward: - There is a statistically significant relationship between work pressures at the bank and decision-making. The descriptive analytical approach was used to describe the phenomenon under study, and the questionnaire was used to collect various data to distribute the questionnaire to the sample members, who numbered (35) employees, to do the statistical analysis for this study. The most important results that came out of the study, the level of work stress among the sample members is considered acceptable. The study also recommended more attention to the human cadre regarding the issue of work stress and the decision-making process, and more research on the effects of different work pressures, as well as other factors affecting the decision-making process.

scholarly journals Strengths, weaknesses, opportunities, threats analysis on choice of multi chamber bag or compounded parenteral nutrition

2020 ◽  
Vol 11 (SPL4) ◽  
pp. 2298-2303
Author(s):  
Sahar Elnajjar ◽  
Dixon Thomas ◽  
Osama Tabbara ◽  
Danial Baker
Keyword(s):  
Decision Making ◽  
Parenteral Nutrition ◽  
Swot Analysis ◽  
Scale Up ◽  
Multiple Stakeholders ◽  
Scale Down ◽  
Internal And External Factors ◽  
The Impact

Reasons for choosing parenteral nutrition (PN) products depend on healthcare institutions internal and external factors. A decision to start, continue, scale-up, scale down, or stop compounding of PN involves multiple stakeholders. This study is an effort to analyze such factors and recommendations on decision-making. A strength, weakness, opportunities, threats (SWOT) analysis was prepared in consultation with major PN providers in the UAE and comparing to international best practices. Based on the SWOT analysis, a set of recommendations was prepared using the GRADE system (classification of quality of evidence and strength of recommendation). Feedback on the SWOT analysis and recommendations were collected from the PN providers. The SWOT analysis and recommendations address aspects of the choice of MCB-PN or compounded PN. It includes considerations on PN indication, availability of ingredients, types of patients, safety, and cost management with labor, automation, and outsourcing. It was received well. The SWOT analysis and recommendations are useful in decision-making in complex therapy like PN. It helps in institutional decisions on choices of MCB-PN or compounded PN. The impact of the recommendations is to be measured in the future.

scholarly journals The Impact of Uncertainty Factors on the Decision-Making Process of Logistics Management

Processes ◽  
2020 ◽  
Vol 8 (5) ◽  
pp. 512
Author(s):  
Łukasz Marzantowicz
Keyword(s):  
Decision Making ◽  
Negative Impact ◽  
Research Field ◽  
Logistics Management ◽  
Decision Making Process ◽  
Management Decisions ◽  
Uncertainty Factors ◽  
The Impact ◽  
Uncertainty Variable

The article is a contribution to the discussion on the possibilities of effective logistic decisions under the conditions of uncertainty. Variable and unpredictable factors, which create the conditions of uncertainty, not only directly affect logistic processes (positive or negative impact), but can also be a determinant of making decisions. Logistics management, because it is referred to in the context of decision-making, is currently defined by the quality of management decisions taken, including factors which often constitute only partially quantifiable sets. The main goal of the article is to show the strength of the dependence between the occurrence of uncertainty factors and the type of decision. On the basis of decision-making theory, the types of decisions were defined, and then a set of factors that are most important for a given type of decision was selected. The results of the analysis allowed the strength of the influence of uncertainty factors on making logistics decisions to be determined. On this basis, a catalog of key decisions was selected, including decision types, and also the effects of decisions taken under uncertainty were determined. The study and the results of the analysis should be treated rather as a voice in the ongoing discussion. Due to the unpredictability of some uncertainty factors, the research field in the discussed problem remains open.

scholarly journals CONSUMER CHOICE BEHAVIORAL ASPECTS IN CONDITIONS OF UNCERTAINTY

2020 ◽  
Vol 1 (18(46)) ◽  
pp. 4-9
Author(s):  
Anna Shumei
Keyword(s):  
Decision Making ◽  
Consumer Behavior ◽  
Problem Solving ◽  
Consumer Choice ◽  
Decision Making Process ◽  
Behavioral Aspects ◽  
The Individual ◽  
The Impact ◽  
The Continuum

We studied the category of «uncertainty» in the context of consumer choice of individual. It was determined that that the quality and quantity of information that consumers received and processed during decision-making played the most important role, affecting the degree of uncertainty. At the same time the quality of information plays a more important role than the quantity of information. We analyzed every stage of the individual decisions making process on the acquisition of goods and the role of uncertainty on each stage. We considered the decision-making process in conditions of uncertainty in everyday (routine) and special purchases, separated all stages of these types of purchases and defined values ​​of uncertainty influence on all types of purchases. It was determined that an individual can get into conditions of uncertainty in two types of purchases: everyday purchase, when the decision is used quickly, automatically and uncontrollably, and special (not everyday purchases), when the individual uses specific processes to make a decision, which requires additional attention and effort. Practical situations when the consumer can get into conditions of uncertainty were considered. We analyzed alternative variants of using the consumer choice and investigated the continuum of consumer behavior. We determined the conditions, when consumer behavior could correspond to «routine behavior», «limited problem solving» or « problem solving» in the continuum of consumer behavior. The modern six-stage model of the decision-making process сщтішіеі the quality of character for environmentally conscious consumers and the impact of uncertainty at each stage of decision-making in these models, especially at the stage of use and utilization, were analyzed. We identified that the study of the degree of uncertainty about the final result of decision-making is an unsolved problem in modern science and outlined the prospects of the behavioral aspects of consumer choice study in conditions of uncertainty.

scholarly journals SITUATIONAL AWARENESS VS. A PILOT’S DECISION-MAKING PROCESS

2013 ◽  
Vol 20 (1) ◽  
pp. 71-84
Author(s):  
Jarosław Kozuba
Keyword(s):  
Decision Making ◽  
Situational Awareness ◽  
Decision Making Process ◽  
Good Decision ◽  
The Impact

ABSTRACT This article describes the impact of a pilot’s situational awareness (SA) on the quality of decisions that are made by him or her. Situational awareness has been defined as a state and as a process. The article also refers to how the situational awareness and the decision-making process interact. The decision-making process and its components have been defined. Based on author’s own research as well as conclusions drawn from the subject’s literature, the importance of an acceptable SA level for the correct progress of a pilot’s decision-making process (and the likelihood of making a good decision) has been pointed out.

scholarly journals MEASURING THE IMPACT OF FACTORS ON THE IMPLEMENTATION OF FINANCIAL STATEMENTS UNDER THE NEW ACCOUTING REGIME AT THE PUBLIC SERVICE AND ADMINISTRATION UNITS IN VIETNAM

2020 ◽  
Vol 37 (01) ◽  
Author(s):  
TRAN THI YEN ◽  
LE THI BAO NHU ◽  
NGUYEN THI PHUONG THAO
Keyword(s):  
Decision Making ◽  
Public Service ◽  
Positive Impact ◽  
Financial Statements ◽  
Research Model ◽  
Quality Of Information ◽  
Factors Affecting ◽  
The Public ◽  
The Impact

This study examines the impact of subjective and objective factors affecting the implementation of financial statements under the new regulations of public service and administration units in Vietnam. The research model and hypothesis has been tested by SmartPLS3 software with 213 survey samples from accountants andmanagers working in public units in Vietnam. Research results show that: (1) The capacity of accountants at theunits has a positive impact on the implementation of financial statements according to the new accounting regime;(2) The content of the new accounting regime and inspection activities of functional agencies have a positive impact on the implementation of financial statements according to the new accounting regime. These results provide some implications for the theory and implications of governance for public entities in Vietnam in implementing financial statements to improve the quality of information on financial statements, serving the needs of increasing accountability and decision-making of units.

scholarly journals How to Raise Quality Assurance in Legal Translation: The Question of Objectivity?

2018 ◽  
Vol 53 (1) ◽  
pp. 7-29
Author(s):  
Alireza Akbari
Keyword(s):  
Decision Making ◽  
Quality Assessment ◽  
Decision Making Process ◽  
Translation Product ◽  
Legal Studies ◽  
Translation Quality ◽  
Legal Translation ◽  
The Impact ◽  
Managerial Quality

Abstract The aim of the present study is to propose an approach to legal translation quality so as to address the idiosyncrasies in legal studies and to confront the challenges and flaws of previous paradigms and models of translation quality assessment. The present approach is associated with the micro-macro textual, contextual, and legal components/variables in the pursuit of an adequate strategy through elaborating the decision making process for translation. The elements of the decision making process remain constant between translation relevancy/brief, and the translation product in the source text analysis, reformulation and revision stages. Translation competence, translation product, and the translation decision making process are all the evaluative standards for both quality controllers and translators. Also, this study scrutinizes the impact of translation quality assessment involving professional and training contexts besides managerial quality. In the upshot, this approach has the potential to reduce subjectivity in the quality of legal translation based on particular methodologies. The proposed framework assists the need for the evaluation of the quality of legal translation to boost the quality benchmarks in the professional environment.

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