Download or read book Innovation of Management Accounting Practices and Techniques written by Davood Askarany and published by . This book was released on 2014 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article is intended to help us document the innovation, evolution and the adoption of a variety of relatively new management accounting techniques and practices in organisations. In doing so, the article first reviews the introduction of management accounting techniques of the past few decades in the literature and then investigates their implementations in practice. Exploring the levels of organizational satisfactions with adopted management accounting innovations in practice, the article finally discusses the level of associations between the adoption of management accounting innovations and organisational satisfaction.

Download or read book 21st Century Strategic Management Accounting and Performance Measurement Systems written by Prem Lal Joshi and published by I K International Pvt Ltd. This book was released on 2022-10-31 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world's economy has suffered like never before first by COVID-19 and then by the Russia-Ukraine war. In such a difficult time, the role of Management Accounting and Performance Measurement Systems increases because the organizations have to quest for alternative cost management practices in order to reduce and control costs and improve profitability. Organizations in the 21st century have been witnessing rapid changes in expanded regulatory requirements and technological advances. These changes also impact accounting, it is essential to understand how Management Accounting and Performance Evaluation Systems are transforming locally and globally in order to reap proper opportunities. Environmental factors and organizational factors are believed to be an underpinning theory for challenges faced by management accountants in the 21st century. Needless to state that the role of Management Accounting and Performance Measurement Systems has been transforming the structure and processes of organizations and its acceptability has increased among internal stakeholders in improving the organizations’ decision-making processes and performance. This important subject has been embracing new avenues taking place both in theory and practice in view of emerging technologies. The usage of data analytics by accountants to support value creation is increasing. As a part of ethical practices and corporate social responsibility (CSR), organizations are obliged to report on incurring their environmental costs for mitigating the effects of pollution, climatic change, waste disposal, energy, and fuel consumption. Transformation in management accounting and control practices, adoption of innovative techniques such as activity-based costing and management, target costing, performance measurement systems, etc. particularly in the context of developing countries need to be researched in the twenty-first century in order to enhance our knowledge base in the context of competitive advantages of Management Accounting. Value-based management (VBM) helps in making decisions that are helpful for the long-term financial performance. Target Costing (TC) enforces the management to transform their ways of thinking regarding the relation between product cost, selling price, and profitability in the organizations. Enterprise Risk Management (ERM) is to prepare a firm-wide strategy to identify and manage overall risks in all operational areas. Justifying investments with the capital budgeting process is of high importance for future growth and profitability for any organization. In this context, the cognitive heuristics and attendant biases that are likely to colour judgments pertaining to the selection and post-audit stages of investment decisions need to be considered.

Download or read book Innovation Accounting written by Dan Toma and published by Bis Publishers. This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently, there is no official method for how to measure innovation in business. This is where Innovation Accounting comes in. This book helps businesses to develop their level of capability and performance within innovation and accounting. This guide provides examples of tools, templates, and frameworks that businesses can utilize to improve their business culture, inspire innovation, and find a way to measure innovation. In a world where numbers, statistics, and analytics are increasingly becoming the most important aspect of everyday business, this book can help to find meaning in innovative practices and measure them. This will allow you to demonstrate to stakeholders how capital is used, and the impact it has on the business. So whether you're managing a lean startup aiming to meet a particularly difficult to meet KPI, or a corporation aiming to replicate the level of success you achieved in your most recent financial quarter, this book will contain something for everyone.

Download or read book Accounting and Finance Innovations written by Nizar Alsharari and published by BoD – Books on Demand. This book was released on 2021-12-22 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is currently experiencing the advent of new information technologies with dynamic changes, which can be considered as one of the greatest business threats today. Accordingly, international business and academia have claimed to be working towards developing innovations in accounting and finance that are useful for all stakeholders. The recent accounting and finance scholarship has moved forward toward new innovations that advance professional practice. This book introduces and discusses new innovations in accounting and finance, including management accounting, blockchain, E-business models, data analytics, artificial intelligence, cryptocurrency, bitcoin, digital assets, and associated risks. It also sheds light on how and why accounting and finance innovations have changed over time. This book will help practitioners and academics develop and introduce new accounting and finance tools and concepts. It is also a useful resource for those working in the accounting and finance fields.

Download or read book Innovation in Management Accounting written by Shokrollah Khajavi and published by . This book was released on 2007 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this article, the main characteristics of world-class manufacturing will be considered. The world-class companies should use the newest and modern techniques in manufacturing. Flexibility in manufacturing, advanced information technology, programming and control, sketching and product innovation, organization structure, financial controls, bench marking, long range strategic plans, comprehensive quality management, and personnel active partnership in business operation and business process are considered as the main characteristics of world-class companies. In continuation, a model will be presented, on the basis of which, management accounting system can help these companies. In order to establish this model, activity based costing techniques, target costing, theory of constraint, balanced scorecard, and manufacturing on time by use of AHP process will used. It will conclude that companies managers, can increase their organization success in competitive conditions by combining modern methods.

Download or read book Advances in Management Accounting written by Marc J. Epstein and published by Emerald Group Publishing. This book was released on 2016-04-11 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 26 of Advances in Management Accounting examines a broad spectrum of current topics in management accounting.

Download or read book Innovative Management Perspectives on Confronting Contemporary Challenges written by Evangelos Tsoukatos and published by Cambridge Scholars Publishing. This book was released on 2015-10-05 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: In view of the prolonged financial meltdown and the resulting clash of socio-economic interests, both between nations and within societies, unforeseen challenges have to be met by contemporary managers. The current organizational, financial, political and social situation calls for innovative, out-of-the-box solutions, while also presenting a unique "opportunity" for management scholars, practitioners and policy makers to work out and bring forward creative and imaginative, as well as realistic, responses to problems. Appealing to scholars, students, researchers and practitioners, and covering a wide spectrum of organizational types and institutions, this book provides scientific evidence, direction and insight on issues associated with confronting challenges related to the contemporary socio-economic scenario. In this respect, the presents conceptual and empirical research, putting forward a wide range of paradigms and ideas transcending conventional theory, on finding innovative solutions to contemporary business and managerial challenges. It brings forward contemporary theoretical underpinning across an array of sectors and organizational structures, while also presenting their practical implementations -- Book jacket.

Download or read book Handbook of Management Accounting Research written by Christopher S. Chapman and published by Elsevier. This book was released on 2011-09-14 with total page 745 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume two of the Handbooks of Management Accounting Research consists of two groups of chapters. The first draw together research that has focussed on particular management accounting practices. The second set synthesise contributions to the literature that have been focussed within particular organisational contexts. Volume two concludes with a review of research on how management accounting practice and research varies around the world. Special pricing available if purchased as a set with Volume 1. Documents the scholarly management accounting literature Publishing both in print, and online through Science Direct International in scope

Download or read book A Comparative Study of the Adoption Process of Management Accounting Innovations by Public and Private Manufacturing and Service Organizations in France written by Mehenna Yakhou and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study expands the scope of empirical research into the adoption of innovations, as a field of inquiry, in three ways. First, much of the recent empirical literature in this field focuses on the adoption of innovations either by governmental agencies only or by private organizations only. No real attempts were made to study differences in innovation processes between public and private organizations or manufacturing and service firms. This study examines such differences. Second, most empirical studies of innovation adoption focus on the origination of innovations or techniques or processes. This study is concerned with innovations that are quot;borrowedquot; from other organizations or locations. Third,, this study provides an opportunity to apply some of the research tactics proposed by other scholars of innovations. Data collected through a questionnaire mailed to a random sample of 200 French public and private manufacturing and service companies were analyzed using frequency distributions, cross tabulations, and the Mann-Whitney U test. Theory and practice are not far apart according to this survey. Conventional management accounting techniques have gained considerable acceptance and applications in the sampled firms. Chiefs-accountant officers of both public and private organizations, in both manufacturing and service sectors, hold similar views of the factors involved in the adoption process of management accounting innovations. The role of the change agent in the adoption of these innovations was mainly taken by top management.Outside consultants played a secondary role.Unlike type of ownership, educational level or age, length of job tenure of chief-accountant officers, size and type of business appear to affect the extent of application of management accounting innovations. The latter were measured by a three component index: innovation magnitude, scope, and duration.

Download or read book Finance and Innovation written by D. W. Budworth and published by . This book was released on 1996 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work asserts that for long term success innovation cannot merely be an option, it must be incorporated as an integral part of the financial operation of a company. Areas covered in the text include: financial accounting and its treatment of innovation; the basic techniques of valuation; the management accounting approach to innovation projects; innovation in the UK national policy context; and applying innovation techniques to new and mature companies. This text has been designed for students but should be of use to those, inside or outside companies, who are concerned with improving their long term health and the efficiency of the innovation process.

Download or read book Contemporary Management Accounting Practices in UK Manufacturing written by David Dugdale and published by Elsevier. This book was released on 2005-11-15 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigates the presentation and analysis of financial information in 41 UK Manufacturing companies. Traditional and contemporary accounting techniques are exemplified in the case studies. With old and new techniques explored, the research shows that there is little that is new in management accounting theory and practice. The study concludes that there is not one set of practices which all should follow. ·Cima research report - reveals methods currently used for reporting financial information in UK manufacturing companies. ·Based on 41 companies, it shows a rich diversity of reporting practices that are constrained neither by the financial accounting requirements of SSAP9 nor by any sense of general management accounting trends. ·Financial Directors choose from a toolkit of ‘traditional' and ‘contemporary' practices in constructing reporting systems appropriate to their varied commercial needs, but with a strong leaning towards contribution margin approaches.

Download or read book Advanced Methodologies and Technologies in Business Operations and Management written by Khosrow-Pour, D.B.A., Mehdi and published by IGI Global. This book was released on 2018-09-14 with total page 1482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Businesses consistently work on new projects, products, and workflows to remain competitive and successful in the modern business environment. To remain zealous, businesses must employ the most effective methods and tools in human resources, project management, and overall business plan execution as competitors work to succeed as well. Advanced Methodologies and Technologies in Business Operations and Management provides emerging research on business tools such as employee engagement, payout policies, and financial investing to promote operational success. While highlighting the challenges facing modern organizations, readers will learn how corporate social responsibility and utilizing artificial intelligence improve a company’s culture and management. This book is an ideal resource for executives and managers, researchers, accountants, and financial investors seeking current research on business operations and management.

Download or read book Accounting Innovations and Ownership written by Hassan Yazdifar and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past two decades has been characterised by profound changes and advancement in technology and an increased rate of globalisation. As a result, there have been dramatic shifts in the way businesses are organised and how they compete. In response to these concerns, a range of new management accounting techniques (also called management accounting innovations - MAI or strategic management accounting - SMA) have emerged. However, research on the adoption of traditional and new practices in the units ('subsidiaries' or 'dependent' companies) of group and multinational organizations vis-à-vis non-group organizations ('independent'), is remarkably sparse. The purpose of this article is to contribute to our knowledge in this area regarding diffusion of management accounting innovations (MAIs) and strategic management accounting (SMA) form ownership perspective (dependent and independent organizations) and also to add to the literature towards mapping the very complicated relationship between the parent companies and their subsidiaries.

Download or read book Perspectives of Management Accounting for Sustainable Business Practices written by Oncioiu, Ionica and published by IGI Global. This book was released on 2022-06-30 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 21st century, management accounting gains new dimensions, expanding its research area. Additionally, management of sustainable performance is one of the phenomena faced by the current business environment, and in particular management corporations. The focus of management on profitability remains the main objective of any company, but it must also take into account the sustainability of social, economic, and environmental aspects. Under these circumstances, managerial decisions must be adjusted and strongly substantiated considering the information required by internal and external stakeholders including financial reporting. The information requirements of customers and other stakeholders are steadily increasing, and some companies face certain problems in implementing the concept of sustainability and environmental reporting. Perspectives of Management Accounting for Sustainable Business Practices proposes an interdisciplinary perspective and explores various theoretical and practical approaches to management accounting and its impact in the 21st century on different areas of activity. It contrasts external financial accounting for government regulators and the investment community with internal management accounting for managers to leverage decision making. Covering topics such as corporate social responsibility, disclosure issues, and performance analysis, this premier reference source is an essential resource for business leaders and executives, accountants, financial controllers, business analysts, budgeting managers, students and faculty of higher education, librarians, researchers, and academicians.

Download or read book Organizational Learning Approach to Process Innovations written by Seleshi Sisaye and published by Emerald Group Publishing. This book was released on 2012-04-04 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the organizational processes and structural barriers to the diffusion and adoptions of innovations. This book addresses the organizational learning strategies of adoption and diffusion of process innovation approaches. It also presents the theoretical framework of organizational learning and process innovations.

Download or read book The Societal Relevance of Management Accounting written by Sven Modell and published by Routledge. This book was released on 2017-10-02 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the relevance of management accounting research and practice for a range of broader, societal phenomena related to corporate governance and regulation, the creation and maintenance of markets and their concomitant social and political implications. It also explores the theoretical and methodological implications of pursuing a research agenda exploring such phenomena in greater detail. Containing a number of theoretical, methodological and empirical contributions by leading management accounting scholars, The Societal Relevance of Management Accounting seeks to advance novel research approaches that go beyond the traditional intra-organisational focus that has long dominated management accounting research. As such, it seeks to enhance the relevance of management accounting research for a broader range of stakeholders and interest groups in and around individual organisations. This book was originally published as a special issue of Accounting and Business Research.

Download or read book Management and Cost Accounting written by Alnoor Bhimani and published by . This book was released on 2019-05-15 with total page 872 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bestseller text offers clear, simple to understand and comprehensive coverage of management and cost accounting for students and professionals. Packed with illustrations, examples and real-life applications, Management and Cost Accounting brings together techniques, concepts and practices in a highly readable way. Keeping its international focus, the text includes a wealth of case studies featuring companies from around the world, and includes up-to-date coverage of AI and robotics and other technology which affects management accounting.