scholarly journals Factors Affecting Management Accounting Practices in Malaysia

2017 ◽  
Vol 12 (10) ◽  
pp. 177 ◽  
Author(s):  
Sudhashini Nair ◽  
Yee Soon Nian
Keyword(s):  
Production Technology ◽  
Management Accounting ◽  
Market Competition ◽  
Management Decision ◽  
Organization Size ◽  
Factors Affecting ◽  
Management Decision Making ◽  
Advanced Production ◽  
The Impact ◽  
Affect Management

Management accounting is the process of preparing management reports and accounts that provide accurate and timely, financial and statistical information to assist in management decision making. It is also known as the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information to help managers fulfill the organization’s objectives. Management accounting practices are used by organizational managers at various levels and at the same time, it gives managers the freedom of choice as there are no constraints, other than the cost of information collected relative to benefits of improved management decisions. Studies have found that there are factors that may affect management accounting practices. Literature has indicated that factors such as--organization size, intensity of market competition, level of qualification of accounting staff and advanced production technology--may affect management accounting practices. The objective of this research is to study the impact of these factors on management accounting practices in Malaysia. A total of 200 respondents from Klang Valley, Malaysia were involved in the survey using purposive sampling. The results of the study revealed that organization size and advanced production technology have significant relationships with management accounting practices.

scholarly journals DETERMINANTS OF MANAGEMENT ACCOUNTING PRACTICES BY MANUFACTURING FIRMS

2021 ◽  
pp. 55-61
Author(s):  
Joseph Adu-Gyamfi ◽  
Prof Kong Yusheng ◽  
Abraham Lincoln Ayisi ◽  
Wilson Elorm Pekyi
Keyword(s):  
Regression Analysis ◽  
Production Technology ◽  
Firm Size ◽  
Management Accounting ◽  
Manufacturing Firms ◽  
Improve Performance ◽  
Competition Level ◽  
Major Factors ◽  
Advanced Production ◽  
The Impact

The impact of the management accounting practices on manufacturing firms in the developing countries cannot be overlook. Management accounting practices adopts and put to practice by these firms has always yielded result, but before management accounting practices are adopted by these firms there are factors that determine their adoption. This paper purposely looks into factors that determine the adoption of management accounting practices by manufacturing firms in Ghana. Various literatures has brought to light that that both internal and external environmental factor such firm size, market rivalry (competition), level of qualification of accounting staff and advanced production technology as the major factors that affect MAPs adoption and want to make analysis with Ghanaian manufacturing firms does these factors affect their choice of MAPs This study gathered Data from 200 manufacturing firms in Ghana through questionnaires and regression analysis were done using SPSS to determine the impact these factors have on the adoption of MAPs by these manufacturing firms in Ghana. The study identified determinants such as, firm size, market rivalry (competition), level of qualification of accounting staff and advanced production technology has a positive significant impact on the adoption of management accounting practices by manufacturing firms in Ghana. The study recommends that it is important for organizations to identify the best MAPs which can be include in the firms operations to improve performance and longevity of the organization KEYWORDS: Ghana, Management accounting practices, firm size, market rivalry (competition), qualification of accounting staff and advanced production technology

scholarly journals An examination of the factors affecting the performance of Management Accounting students at the Durban University of Technology

2020 ◽  
Author(s):  
◽  
Stephanie Caroline Singh
Keyword(s):  
South Africa ◽  
Student Performance ◽  
Positive Impact ◽  
Management Accounting ◽  
Cost Accounting ◽  
Accounting Students ◽  
Factors Affecting ◽  
Five Factors ◽  
University Of Technology ◽  
The Impact

The success of a module at a university of technology is measured by student performance. At the Durban University of Technology in the Department of Management Accounting, students in their second year of study struggle with conceptualising content in Cost Accounting two which affects their performance. The purpose of this study was to identify the factors which may impact on the performance of Cost Accounting two students and to determine if these factors have a significant association with a student’s performance in Cost Accounting two. Many studies have identified various factors which may influence students’ academic performance. For the purpose of this study, five factors that may affect student performance were identified and examined. The independent variables or factors identified were attendance, age, gender, grade 12 results and language. The dependent variable for this study was performance (in Cost Accounting two). In order to measure the performance of students included in the study, the percentage achieved in Cost Accounting two for the semester was used. Although studies have been conducted on student performance at universities across South Africa and around the world, limited studies were conducted on the performance of Cost Accounting two students within South Africa. The study aimed to identify the factors that affect the performance of Cost and Management Accounting students at a university of technology and the impact of those factors on performance. The study found that only student attendance has a positive impact on student performance in Cost Accounting two. The findings of this study may be useful to the Department of Management Accounting at the DUT and other universities of technology. It is hoped that the current study will be useful to other teachers of cost and management accounting at universities on which factors influence the academic achievement of students.

scholarly journals MANAGEMENT DECISION MAKING USING AUTOMATED SYSTEM OF OPTIMUM STRUCTURE CHOICE FOR GROUND-SURFACE PUBLIC CONVEYANCES

2016 ◽  
Vol 2016 (3) ◽  
pp. 224-232
Author(s):  
Наталия Кузнецова ◽  
Nataliya Kuznetsova ◽  
Татьяна Карлова ◽  
Tatyana Karlova ◽  
Александр Бекмешов ◽  
...  
Keyword(s):  
Ground Surface ◽  
Automated System ◽  
Management Decision ◽  
Optimum Structure ◽  
Database Queries ◽  
Factors Affecting ◽  
Software Complex ◽  
Management Decision Making ◽  
Motion Speed ◽  
Definition Of

The article is devoted to the application of a special software complex for the definition of an opti-mum set of means of urban public groundsurface conveyances. In the paper are presented the existing software solutions meant for the definition of an optimum route, their basic merits and demerits are revealed, the methods for the solution of a problem in search of an op-timum set of means of ground surface public conveyance taking into account a maximum amount of factors affecting a motion speed are offered. The authors have presented a structure of an automated system for a choice of an optimum structure in ground surface public conveyances and also there are shown fragments of a corresponding program code and database queries. In the paper particular attention is paid to the working modes of an appendix presented, in particular, for the situation in the absence of customer’s device connection to the basic computer system.

scholarly journals Theoretical Developments In Environmental Management Accounting And The Role And Importance Of MFCA

2015 ◽  
Vol 7 (1) ◽  
pp. 37-52 ◽  
Author(s):  
Mishelle Doorasamy
Keyword(s):  
Environmental Management ◽  
Management Accounting ◽  
Empirical Studies ◽  
Business Environment ◽  
Management Tool ◽  
Management Decision ◽  
Theoretical Studies ◽  
Company Performance ◽  
Management Decision Making ◽  
Environmental Management Accounting

Abstract Environmental Management Accounting (EMA) is a broader concept of accounting which uses accounting tools and practices to support company-internal management decision making on environmental issues and its impact on company performance. Research on EMA can be divided into two broad categories: theoretical and empirical studies. The theoretical studies based on framework that aim to explain the nature of the relationship between economic and environmental performance and the adoption of Environmental Management Accounting in a business environment. The empirical studies follow two lines of research, instrumental studies aim to empirically test the relationships hypothesized in theoretical studies; descriptive studies are intended to examine the factors that encourage the adoption of EMA. This review paper examined the role of MFCA in identifying non-product output (waste) and its impact on an organisations profitability. Various case studies are examined in this article that demonstrates MFCA to an important environmental management tool to ensure future sustainability of an organisation.

Loyalty card adoption in SME retailers: the impact upon marketing management

2015 ◽  
Vol 49 (3/4) ◽  
pp. 467-490 ◽  
Author(s):  
Karise Hutchinson ◽  
Lisa Victoria Donnell ◽  
Audrey Gilmore ◽  
Andrea Reid
Keyword(s):  
Decision Making ◽  
Current Knowledge ◽  
Marketing Management ◽  
Management Decision ◽  
Adoption Process ◽  
Longitudinal Case Study ◽  
Content Type ◽  
Management Decision Making ◽  
The Impact ◽  
Loyalty Card

Purpose – The purpose of this paper is to understand how small to medium-sized enterprise (SME) retailers adopt and implement a loyalty card programme as a marketing management decision-making tool. Design/methodology/approach – A qualitative and longitudinal case study research design is adopted. Data were collected from multiple sources, incorporating semi-structured interviews and analysis of company documents and observation within a retail SME. Findings – The findings presented focus on the loyalty card adoption process to reflect both the organisational issues and impact upon marketing management decision-making. Research limitations/implications – This research is restricted to one region within the UK, investigating loyalty card adoption within a specific industry sector. Practical implications – SME retailers operate in an industry environment whereby there is a competitive demand for loyalty card programmes. SME retailers need to carefully consider how to match the firm’s characteristics with customer relationship management (CRM) operational requirements as highlighted in this case. Originality/value – The evidence presented extends current knowledge of retail loyalty card programmes beyond the context of large organisations to encompass SMEs. The study also illustrates the value of a structured, formal CRM system to help SME retailers compete in a complex, competitive and omni-channel marketplace, adding new insights into the retail literature.

scholarly journals Control and cost analysis in the process of management decision making for the commodities assortment

2018 ◽  
Vol 16 (2) ◽  
pp. 209-219
Author(s):  
Vladimir Osipov
Keyword(s):  
Cost Analysis ◽  
Integrated Management ◽  
Load Capacity ◽  
Resource Consumption ◽  
Information Support ◽  
Management Decision ◽  
Limiting Factor ◽  
Successful Solution ◽  
Management Decision Making ◽  
The Impact

The relevance of this work is determined by the further development of the management system and its information support that improve the economic entity’s activity and increase the competitiveness. The goal of this research is to develop a method for the most optimal commodities assortment formation, which makes it possible to increase the efficiency of the enterprise in the existing production conditions. Previously applied methods were oriented only to one of the methods of determining the commodities assortment, which prevented managers from choosing the most optimal option. The method of the optimal commodities assortment formation was proposed for the first time in this article while comparing the methods of its determination on products profitability and the limiting factor. The object of research is resource consumption in relation to certain commodities assortment manufactured by the enterprise operating in the measuring devices production sector. The article is focused on the methods of the integrated management cost analysis aimed at implementing the concept of the most complete and timely information support for the resource consumption control and regulation. General scientific and special research methods are used for the purpose of its implementation. The use of special methods of economic analysis made it possible to develop the economic model of costs estimation in the process of the most optimal commodities assortment formation.Conclusions and results of the research show that the efficiency of the industrial enterprise largely depends on rational resource consumption. The successful solution of this task largely depends on the correct commodities assortment formation. In view of this, methods for determining the commodities assortment based on the analysis of its profitability and assessing the impact of the limiting factor, taking into account the full load capacity, are proposed to be used.

scholarly journals METHODOLOGY FOR ANALYSIS OF THE FINANCIAL CONDITION OF AGRICULTURAL ENTERPRISES AND WAYS OF ITS ENHANCEMENT

2021 ◽  
Vol 2 (3) ◽  
pp. 104-117
Author(s):  
Olena Tomchuk
Keyword(s):  
Management Practice ◽  
Management Decision ◽  
Mathematical Methods ◽  
Agricultural Enterprises ◽  
Financial Condition ◽  
Study Results ◽  
Management Decision Making ◽  
Theoretical Generalization ◽  
High Level ◽  
The Impact

The purpose of the article is to form the main directions of improving the financial condition of the business entity in modern conditions. Methodology. Methods of theoretical generalization and concretization, Internet resources have been used in this study. Results. Groups of users of information concerning the financial condition of the enterprise are selected. The first group includes creditors, investors, competitors, regulators, and other users, and the second – the company's management, economic and other interested internal services, shareholders, etc. For each of these users, certain selected metrics are important. A technique for determining the significance of indicators for a particular group of users, which involves the use of economic and mathematical methods and models, is developed. In order to make certain management decisions, the analysis should be carried out according to the indicators required by the management and, accordingly, will be implemented in the management practice of Khmilnytske LLC. The sequence of assessment of the financial condition by economic and mathematical methods is determined. Having chosen the direction of research of indicators and having carried out their corresponding calculations, it is possible to carry out the analysis of factors of influence on the financial position of the investigated business entity and to calculate reserves of its improvement. To do this, it is advisable to use the procedures of correlation and regression analysis. The content of these procedures is to determine the impact on the financial condition of each of the elements of the formulas of coefficients or other indicators. A set of factors influencing the formation of economic strategy of agricultural enterprises is divided into two groups, namely exogenous and endogenous. The leading system ensuring the enterprise solvency has been developed. Software for the financial condition analysis at the enterprise is proved. Practical implications. The developed system takes into account the available initial data (financial statements and software) and significantly reduces the cost of working time for analysis, which speeds up the management decision-making process and allows you to respond quickly to changes in asset structure to improve efficiency and improve business subject efficiency. Value/originality. The developed model of the analysis of a financial condition with the use of economic and mathematical methods which is sufficiently adapted for automation will provide, provided its introduction in analytical practice, a high level of optimality of operative administrative decisions, and also will increase the efficiency of agricultural enterprises.

scholarly journals Priority selection of agro-meteorological parameters for integrated plant diseases management through analytical hierarchy process

2022 ◽  
Vol 12 (1) ◽  
pp. 649
Author(s):  
Rutuja Rajendra Patil ◽  
Sumit Kumar
Keyword(s):  
Decision Making ◽  
Disease Management ◽  
Plant Disease ◽  
Meteorological Parameters ◽  
Plant Diseases ◽  
Heat Index ◽  
Management Decision ◽  
Factors Affecting ◽  
Management Decision Making ◽  
Plant Disease Management

To understand the influence of agro-meteorological parameters to take decisions related to various factors in an integrated plant disease management, it becomes vital to carry out scientific studies on the factors affecting it. The different agro-meteorological parameters namely temperature, humidity, moisture, rain, phenological week, cropping season, soil type, location, precipitation, heat index, and cloud coverage have been considered for this study. Each parameter has been allocated the ranking by using a technique called analytical hierarchical process (AHP). The parameter priorities are determined by calculating the Eigenvalues. This helps to make decisions related to integrated plant disease management where the prediction of plant disease occurrence, yield prediction, irrigation requirements, and fertilization recommendations can be taken. To take these decisions which parameters are good indicators can be identified using this method. The parameters majorly contribute to plant diseases and pest management decision making while delivers minor contribution in irrigation and fertilizer management related decision making. The manual results are compared with software generated results which indicates that both the results correlate with each other. Therefore, AHP technique can be successfully implemented for prioritizing agro-meteorological parameters for integrated plant diseases management as the results for both levels are consistent (consistency ratio < 0.1).

Investigating Usability of an Innovation Management Decision Aid

2019 ◽  
Author(s):  
Elizabeth Gendreau ◽  
Joshua D. Summers ◽  
Lamiae Benhayoun-Sadafiyine ◽  
Marie-Anne Le Dain
Keyword(s):  
Decision Aid ◽  
Assessment Tool ◽  
Innovation Management ◽  
Management Decision ◽  
Innovation Network ◽  
Think Aloud ◽  
Collaborative Innovation ◽  
Management Decision Making ◽  
Subjective Importance ◽  
The Impact

Abstract Initial usability testing was used to identify and fix usability concerns within a recently developed absorptive capacity assessment tool. The tool was designed to aid innovation management decision making by helping firms understand their processing of external knowledge within the context of a collaborative innovation network. Part of the recent development of the tool involved the implementation of Simos-Roy-Figueira’s revised method for eliciting subjective importance weights. However, the method, as it was applied within the tool, suffered from poor usability that could not be fully addressed. This paper presents a study on the usability of the tool further by conducting additional think-aloud studies to better understand its nature. Five common attributes of usability (efficiency, effectiveness, satisfaction, learnability, and usefulness) were characterized based on the findings from the think-aloud studies in order to develop a list of recommendations for improving usability. The goal of these recommendations is to help future academic developers of decision aid tools to better consider usability in their own work to maximize the impact and dissemination of their research.

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