scholarly journals MAIN FACTORS LIMITING THE RECOGNITION AND USE OF KEY MANAGEMENT ACCOUNTING TOOLS AND ISSUES IN HOSPITALITY INDUSTRY

2017 ◽  
pp. 41-47
Keyword(s):  
Decision Making ◽  
Key Management ◽  
Management Accounting ◽  
Rapid Development ◽  
Dynamic Environment ◽  
Financial Information ◽  
Decision Making Process ◽  
Accounting System ◽  
Tourism Sector ◽  
Different Cultures

As it is in the world, tourism in Turkey has the potential for rapid development and it provides opportunities for many different sectors to develop. It is necessary for accommodation establishments which have a considerable share in tourism sector to provide productivity and efficiency within the internal process of an establishment in order to reach their expected profit goals and continue their existence because they have a labor-intensive structure, they encounter many different cultures, demands of consumers continually differ and they carry on a business in a dynamic environment. To manage this purpose, managers of accommodation establishments want to use proper and reliable financial information in the decision-making process in order to protect the existence of an establishment, minimize errors or remove them and evaluate activities of an establishment. In this context, an effective management accounting system supports the decision-making process and enables financial information which is required to minimize cost in further periods, increase sales revenues and provide a competitive advantage for an establishment. The purpose of this research is to investigate management accounting and its applications in accommodation establishments, detect problems and determine to what extent applications of management accounting are benefitted.

Decision Making Process in Intercultural Communication

2019 ◽  
pp. 300-334
Author(s):  
Emıne Nılufer Pembecıoglu ◽  
Hatıce Irmaklı
Keyword(s):  
Decision Making ◽  
Intercultural Communication ◽  
Media Literacy ◽  
Literacy Skills ◽  
Early Years ◽  
Decision Making Process ◽  
Cultural Backgrounds ◽  
Intercultural Awareness ◽  
Decision Making Processes ◽  
Different Cultures

The society we live in and the culture we're surrounded by all have an impact on our decision-making processes requiring that media literacy skills start flourishing during the early years. Globalization changed the dynamics of the world and society by removing any limitations of time and space. Thus, different cultures and values encounter one another, which is why media literacy and intercultural awareness are becoming the key skills in today's world. This chapter aims to analyze the stages, reasons, and the choices of the decision-making process of individuals from different cultural backgrounds in an intercultural communication setting where they were given certain problems for which they were expected to find solutions in a limited amount of time. The chapter mainly discusses the notion of “tolerance” and “judgement”: how one positions her/himself in an intercultural environment and how s/he approaches a problem with the awareness of cultural differences.

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 Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies

2020 ◽  
Vol 30 (3) ◽  
pp. 90-107
Author(s):  
Ioana-Lavinia Safta ◽  
Monica Violeta Achim ◽  
Sorin Nicolae Borlea
Keyword(s):  
Decision Making ◽  
Stock Exchange ◽  
Financial Statements ◽  
Financial Information ◽  
Decision Making Process ◽  
Creative Accounting ◽  
Red Flag

AbstractThe manipulation of the information presented through financial statements could represent a significant red flag for suspected fraud. In our paper, we investigated the extent to which the Romanian companies resort to manipulation of information data presented through the reported annual financial statements. For this purpose, we used a group consisting of 62 non-financial companies listed on the Bucharest Stock Exchange for the analyzed period 2017-2018. The results of our study show that a majority percentage of the Romanian companies (approx. 84%) resort to manipulation of information provided through financial statements. Following the analysis carried out by activity fields, the results show that the companies activating in the fields of tourism, constructions, trade and transport resort to the manipulation of financial statements in the percent of 100%, followed by the companies activating in the field of production (86%) and services (50%). Our results are extremely useful to the users of financial information who must acknowledge the risks that they are exposed to in their decision-making process.

scholarly journals Developing a Framework of Improved Decision Usefulness in Financial Information

2021 ◽  
Vol 31 (5) ◽  
pp. 1229
Author(s):  
Ibnu Qizam
Keyword(s):  
Decision Making ◽  
Research Trends ◽  
Regulatory Process ◽  
Financial Information ◽  
Future Research ◽  
Decision Making Process ◽  
International Accounting ◽  
Decision Usefulness ◽  
Information Relevance ◽  
Information Reliability

It is indispensable to improve decision usefulness for decision-making process for business. This study attempts to seek a framework of expanding a concept of decision usefulness (DU) through a regulatory-process check and a review of financial information literature and the extent to which future research opportunities could emerge from this DU concept for the improved decision usefulness (IDU). The regulatory process and research trends on financial information show that financial-information decision has evolved from reliability-driven to relevance-driven financial-information theories and moves forward to international accounting standardization issues. To this end, the development of ‘synthesis’ theories and approaches in financial information offers many future empirical-study chances for improved decision usefulness. Keywords: Decision Usefulness; Financial Information; Reliability-Driven Financial Information; Relevance-Driven Financial Information; International Accounting Standardization.

Sistem Pendukung Keputusan Pemilihan Laptop Dengan Menggunakan Metode Topsis

2021 ◽  
pp. 36-44
Author(s):  
Hylenarti Hertyana ◽  
Elly Mufida ◽  
Ahmad Al Kaafi
Keyword(s):  
Decision Making ◽  
Rapid Development ◽  
Secondary Data ◽  
Primary Data ◽  
User Needs ◽  
Decision Making Process ◽  
Topsis Method ◽  
Literature Study ◽  
Screen Size ◽  
Efficient Information

The rapid development of technology, especially in the digital field, has had a huge influence on the development of laptop features and specifications today. With the development of increasingly diverse features and specifications, it often makes users confused in choosing a laptop that suits user needs. Based on this, the authors are interested in creating a decision support system to assist users in choosing a laptop that fits the desired criteria using the Topsis method. The type of data used by the author is primary data obtained through interviews and direct observation of laptop users. The purpose of this study is to assist laptop users in choosing a laptop that suits their needs. There are 10 criteria obtained based on observations and interviews, namely price (C1), RAM (C2), Hard drive (C3), processor (C4), screen size (C5), VGA (C6), battery (C7), Laptop Weight (C8), and Warranty (C9). Secondary data were obtained through literature study and scientific writing related to laptop selection and the TOPSIS method. This research produces output that meets the objectives, which can assist users in choosing the laptop that best suits their needs and can facilitate users in the decision-making process so as to produce accurate, effective and efficient information.

Advanced Technologies and Tourism Behaviour

2011 ◽  
pp. 171-189
Author(s):  
Eleonora Pantano ◽  
Rocco Servidio
Keyword(s):  
Decision Making ◽  
Tourism Industry ◽  
Global Perspective ◽  
Decision Making Process ◽  
Web Based ◽  
Pervasive Environments ◽  
Advanced Technologies ◽  
Tourism Sector ◽  
Information And Communication ◽  
Efficient Integration

The current chapter provides an overview of the most advanced technologies for tourism sector, with emphasis on pervasive environments, which represent innovative systems based on an efficient integration of Virtual Reality (VR) and affective world. The aim is to show how tourism industry might exploit the current advances in Information and Communication Technology (ICT), such as VR, web-based technologies, mobile devices, etc., to catch tourists’ attention and gain competitive advantages over competitors. In particular, these technologies are capable of promoting touristic destination in a global perspective and affect potential tourist decision-making process, by investigating the main characteristics and possible integrations. Moreover, especially pervasive environments are efficient tools to entertain and attract tourists’ interest, by showing potential destinations in an innovative and exciting way capable of influencing users’ decision-making process. In addition, this chapter outlines the possible implications for both marketers and tourists.

scholarly journals Increasing the usefulness of farm financial information and management

2015 ◽  
Vol 10 (3) ◽  
pp. 227-242 ◽  
Author(s):  
Abdel K. Halabi ◽  
Brendan Carroll
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Farm Management ◽  
Financial Information ◽  
Business Owner ◽  
Financial Reports ◽  
Content Type ◽  
To Come ◽  
Accounting Reports ◽  
Practical Implications

Purpose – The purpose of this paper is to examine how farm management and farm accounting may be improved from the accountant’s perspective. Design/methodology/approach – There has been a dearth of qualitative studies examining accountant’s attitudes to financial reports. This study therefore interviews 13 rural accountants regarding their opinions on the usefulness of financial information they provide to farmers, and what types of financial information could aid farm management. Findings – Accountants generally agree that the present financial reports provided to farmers are of little decision-making value, since they are made for the purposes of compliance. In response, the accountants suggest a number of management accounting reports can better aid farmers. Practical implications – Accountants are important to the success of farms, yet in-depth responses have not previously been sought on the reports that accountants produce for farmers. This research provides accountants’ opinions on how reports could be more useful for farmers and how more focused management accounting reports can assist decision-making. Originality/value – The qualitative approach used in this research provides a fresh and richer perspective on the usefulness of accounting to farm management. Interviewing the adviser rather than the business owner is relatively uncommon in agricultural organisations. The interviews have allowed the thoughts and concerns of accountants to come to light in a manner not previously achieved in organisational studies which relate farming and accounting.

scholarly journals Practices of Financial and Management Accounting: Evidence fromSmall and Medium-Sized Enterprises of Nepal

2016 ◽  
Vol 9 (1) ◽  
pp. 77-86
Author(s):  
Gyaneswar Sharma
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Balance Sheet ◽  
Perceived Usefulness ◽  
Financial Accounting ◽  
Accounting System ◽  
Sampling Frame ◽  
Published Evidence ◽  
Accounting Reports ◽  
Effective Use

76     One of the important factors which determine the performance of a business  organization is effective use of financial and management accounting system.  In Nepal, very few published evidence on the accounting practices among small and medium sized enterprises (SMEs) is found. In this regards, this study aims to examine the financial and management accounting practices among SMEs in Nepal and to investigate perceived usefulness of these reports for decision making process. A survey was carried out using the SMEs in the various nature of business listed by industrial statistics as sampling frame. The findings from  the study has provided relevant and useful insights about the current financial  and management accounting practices and the level of perceived usefulness of the accounting reports among SMEs. The result of the study indicates that a majority of the SMEs surveyed prepare their accounting reports at least one times in a year.  Man agement accounting reports were perceived to be more useful and decision making tool than financial accounting reports. Among the financial accounting reports, profit and loss statement was considered as most useful, followed by balance sheet and cash flow. It also found that there is no significance mean difference of practices of each accounting system across three types of SMEs.Journal of Nepalese Business Studies Vol. 9, No. 1, 2015 pp. 77-86

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