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The focus of management accountants shifted to the generation or creation of value through the effective use of resources. This was to be achieved through the "use of technologies which examine the drivers of customer value, shareholder value, and organizational innovation" (IFAC, 1998, para 7).
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This article illustrates how business processes are integral to delivering business strategy. It also examines the way organisations can analyse the performance of their existing processes, and suggests. some ways in which they can look to improve that performance. Paper P3, Business Analysis, explores the way.
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This chapter defines the concept of change as the driver of new challenges in the business environment and the world of the management accountant. The impact of change on the business environment will be discussed to contextualise the research and note the dynamics in which management accounting functions.
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Jul 12, 2022 · The systematic literature review of the effect of strategic management accounting (SMA) practices on businesses, including motivation to adopt, evidence on use, and effects on attaining company goals. The study recognized, analyzed, and synthesized prior work by researchers, scholars, and practitioners.
- Introduction
- Strategic Management Accounting: Definition and Techniques
- The Contingency Factors of Strategic Management Accounting
- Strategic Management Accounting and Organisational Performance
This study follows the theoretical foundation that strategic management accounting would aid effective management decision-making, and ultimately boost organisational performance. In line with the aim of this study, relevant literature is reviewed to explain the theoretical premise of this study. The literature review is organised along three core ...
Management accounting is noted to involve the “generation, communication, and use of financial and non-financial information for managerial decision-making and control activities” ( p. 3). One major criticism of accounting in the 1980s relates to the fact that accountants have hardly taken a proactive role in the strategic management process [7, 8]...
Introduction
According to management accounting discourse, when organisations carefully embrace appropriate strategic management accounting practices, they would ensure successful managerial decisions that would ultimately lead to optimising organisational performance (e.g. [48, 53, 56, 58]). Thus, the extent of improved performance that an organisation would achieve would depend on its careful utilisation of appropriate strategic management techniques. As noted by Roslender and Hart (2003), p. 4 and furt...
Perceived environmental uncertainty and strategic management accounting usage
From the perceptual lens, the environment could be viewed as certain or uncertain only to the extent that decision makers perceive it to be (e.g. [1, 11]). Perceived environmental uncertainty is described as the absence of information relating to organisations, activities and happenings in the environment . According to Cescon et al. , organisations must give due attention to their operational environment because engaging with environmental uncertainty factors would enable them identi...
Organisational structure (formalisation) and strategic management accounting usage
Across the various streams of management, formalisation has been mentioned as a key contingency factor in understanding the operational dynamics of organisations (e.g. [58, 63, 64]). With regard to strategic management accounting discourse, this notion has been numerously supported (e.g. [26, 58, 85]). Studying the influence of formalisation in the functional relationship between the accounting and marketing departments, Opute et al. suggest a positive association. In other words, they a...
A central tenet in the strategic management accounting foundation is that management accounting would significantly aid organisations to achieve sustained competitiveness [7, 82]. Implicitly, these scholars argue that in order to stay competitive in the marketplace, organisations should not only focus on cost-volume-profit issues, but rather embrac...
- Jafar Ojra, Abdullah Promise Opute, Mohammad Mobarak Alsolmi
- 2021
Apr 30, 2018 · This article reviews both key tenets of widely used practitioner-oriented change models and findings from scholarly research on organizational change processes to develop an integrative summary...
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What are the drivers of change in management accounting?
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Do strategic management accounting practices affect business goals?
What are the radical changes facing management accounting?
Oct 13, 2021 · The paper uses the experiential learning theory and the concept of learning style to investigate the learning process during management accounting change. The study aims to expand the domain of management accounting change theory to emphasize the learning-related aspects that can constitute it.
