The
research conducted by the combined effort of Breuer, Frumuşanu, & Manciu,
(2013) identified management accounting as an important part of the
decision-making process that is used in large medium and small-sized
Enterprises. However, in some companies Management accounting is superficially
treated over other entities. In this research paper, a survey was performed
with 50 economic entities in Caraş Severin County. All these economic
categories were differentiated in three different types including micro
Enterprises, large companies, and small medium-sized enterprises. The result
preceded by using SPSS. The research identified the function of accounting
information and sustainable decision-making system used in different
organization. Based on these conditions two components of accounting including
a managerial accounting and financial accounting was considered for the internal
information function of Enterprises. The other considerations of the research
were internal decision making process and analysis of cause and effect
relationship. Most often in big and small size companies, managers open
suitable and high-quality information for informal as well as formal channels associated
with the decision-making process (Breuer, Frumuşanu,
& Manciu, 2013).
On the basis of statistics, the Management Accounting depends upon means and
regulations and some of the procedures that can be used for processing and
transmission of accounting information. In general sense, one of an integral
part of managerial accounting is decision making and management process that
depends upon strategies, resource Optimisation, decision-making process,
control of activities, and information associated with the external process. The
purpose of the study was to investigate the Management Accounting. The research
also identified some important issues faced by professional Accountants in
Management Accounting and the implementation of information processing
activities in the organizations. After collecting and processing all the data,
researches identified that poor decision making is due to lack of knowledge in
the particular field, lack of interest in the organization, development, and
profit of business accounting, and little interest in the Goodwill of the organization
(Breuer, Frumuşanu, & Manciu, 2013).
In
the present research impact of Management, Accounting techniques was analyzed
on the decision-making process in the organization. The research identified
technological development in the information technology and how it induces
impact on the management accounting and decision-making process. In the
research, 7 Iraqi companies were used to have quantitative analysis. The questionnaire was distributed in
participants and 75% results were analyzed by using statistical analysis. The
researcher differentiated focus and competitive advantages of companies based
on the dependent variable of the decision making the process. In the Research
Management Accounting, techniques were used to explore the extent of strategic
competitive advantages and to identify the influence of Management Accounting
on decision making (Jaf, Sabr, &
Nader, 2015).
The method used was in entropy maximum general method to analyze questionnaire
survey. The second aim of the study was to address the gap between and the decision-making
process and statistics of competitive advantages. During the past few decades,
the management accounting concept is considered as a novel discipline that
deals with customizing methods and relatively new disciplines such as
administration and management. The research used a conventional approach to
disclose accounting solutions,
operational control Management control, and strategic management. The
research findings reveal a positive relationship between the decision making
process and Management Accounting techniques (Jaf, Sabr, &
Nader, 2015).
The majority of managers use managerial accounting techniques and develop a
positive relationship between competitive advantages and right decision making.
The authors concluded that the manager in an organization should focus on
managerial accounting and improved decision making. In addition, the
researchers concluded that Management Accounting techniques are achieving
competitive advantages. According to the analyses be research concluded that
Management Accounting techniques, as well as practices, have a significant
influence on the competitive advantages and decision-making process (Jaf, Sabr,
& Nader, 2015).
In
the present research, conducted by Nielsen, Mitchell, & Nørreklit, (2015)
two case studies were analyzed to identify the impact of managerial accounting
on the decision making the process. The paper explored the significance of
decision-making setting and complex information in management accounting. In
the research multiple decision participants were involved, all the participants
were having their conflicting preferences about the abilities, capabilities,
and financial outcomes of an alternative option. Findings of research
illustrate that management accounting information has a significant impact on
complex and strategic decision situation. The method revealed potential
educational examples related to the decision making process and conventional
accounting management process. The focal point of the research was to find
dominating managers and how they shape relational decision-making process with
the environment. Some of the alternative conceptualization, reflection and
interaction were also used all the material collected during the research (Nielsen,
Mitchell, & Nørreklit, 2015). The research methodology was mainly
dealing with the suffering of the project and incorporate with research
techniques. The outstanding results of research emphasize that the decision-making
process many depends upon complex situation dominating strategy, and management
accounting. The fundamental research aim was to check to change industry
conditions with performed changing strategies. In the research, two case
studies of SWE and DEN analyze you to identify involvement of outsourcing in
decision making. The qualitative research depended on the methodologies used in
the process. Risk assessment was also carried out to identify the level of risk
associated with the reasons in the organization. The companies normally
establishment methodology based on the decision-making process and then
integrated accounting management. This process depends on accumulating the information
and knowledge about development. In the present research, the proactive
approach for the configuration of accounting information also used to measure
the potential supplier process (Nielsen, Mitchell,
& Nørreklit, 2015).
According
to (Cao, Duan, & Li,
2019)The
sudden increase in business analytics depends upon insights of decision making.
The researcher states that the inside mechanism of business analytics improves effective
decision making at certain organizational level. The effective business
analytics model equations are used in this research with 750 responses. The key
findings of business analytics demonstrate the data-driven environment,
positive influences for information processing capabilities, and positive
effective decision-making process. The research findings in this paper
demonstrate the part of business analytics for the positive effective decision-making
process in the medium and large sized companies. The research findings
contribute to the business analytics and professional services in the
organization. The contribution of the research is to understand the improved
decision-making process on the basis of business analytics. The whole process
used in the research includes literature review, research model, hypothesis,
data collection, statistical analysis, and report of the final results. The key components related to the development
of explicit strategy improve process and structure of business analytics that
triggers new action in the organization.
The study faces several limitations such development of formative
constructs, convergent validity, reflection of essentials with formatted
Constructions, and information processing capabilities. Despite these
limitations, the area of research towards future translators have importance in
the managerial accounting for the proper and improved decision making the
process. The top management team, business environment, and organizational
structure have a positive impact on the strategic decision-making process of
the organization. In this case, researchers are confident in drawing the
conclusion from the research. The empirical management policies address the
issues of biased decisions, the inconsistency of the implication, and
endogeneity limitation for the validation of the research models used in the
research. The perceived research parameters depend on the quantitative measures
and homogeneity of the information processing process. Some variables are also
constructed to conduct a context-specific investigation of investment and the
better decision of the company (Cao, Duan, & Li,
2019).
Bui
& Villiers, (2017) identified
business Strategies and Management Accounting to understand the wrist square
for the decision-making process. The main aim of the research was was to foster
the understanding of strategies used in the organizations. Research data was
collected from virtual documents and interviews. Some other parameters of the research
include climate change and risk exposure during the period of changes in the
organization. All the changes have a significant impact on the decision-making
process (Bui & Villiers,
2017).
The Managerial Accounting in the organization support the new strategies
adopted in the companies. The long term physical as well as monitored accounts
in the extensive period of Proactive conditions have been observed in the
research. In contrast to the long-term analysis, some short and physical
accounts are also considered for Limited use a decision making process and
sustainability. The research identified that irregularities and uncertainty are
in the strategies induces a significant impact on management accounting
development and climate change. In the present situation, the business
environment for changes and their complexity in professional business
management are also considered. The focus of management accounting is on the
sustainability of performance reasons for the improvement of strategies. The
research analysis was based on the theoretical framework and that was related
to the literature review, case studies, and interviews. The strategy
generation, consequent changes, and opportunities for the strategic responses
are essentially built, key drivers. The
second contribution of researchers is to identify the impact of regularities
and policies on the decision making the process. The decision-making strategies
are associated with the monitored account for proactive strategies (Bui &
Villiers, 2017).
The research identified Strategies and external functions that can be used to
modify the empirical regularity processes. The research Framework helps to
predict the strategies, explain, and theorize accounting management. The
results of the research contribute to the emerging bodies for sustainable
business strategies by using contingency theory and risk perspective.
The
main theme of the research was to identify the role of Management Accounting in
the organization. The improved Management Accounting system in an organization
can provide support to organization strategic goals. The subset of the system
requires non-financial and financial values effective decision-making process.
The managers of the organization have access to all the information operation
and users. A management Accounting method is a potential method for
controlling, judgment and assessment, the future perspective of Management,
degree of efficiency and to measure the size, volume, and shape of the economic
operations. The decision support system
and management information system can be developed in an organization to have
significant outcomes (Ghanbari & Vaseli,
2015).
The role of management accounting in the business is to assist management in
different types of activities related to control, planning, and decision making
of the organization. In an organization, there are different methods used by
Management Accounting to achieve the organization goals by improving the
decision making the process. In order to survive in the competitive market many
companies implementing long term review of Management Accounting. Management
accounting is a controlling system used by an organization to correct and
identify the performance of the management. In the decision-making process, an
unbiased system of performance evaluation can be based on the management
accounting for effective communication in the management. This process depends
upon techniques, the motivation level of organization, the interaction of
management with the information, and quality of customer experience (Ghanbari
& Vaseli, 2015).
Management as a controller director and the planer have a significant role in the
productivity of the company. It can be used to compare the goals and operations
with the policies and decisions of the organization. The management accounting
role is to develop information that assists management, rational decisions,
planning activities, and an application for the managerial controls. the
research concluded that development of Technology in the organization can
improve complexity is in the accounting management and management can develop a
system to identify the problems, possible solutions, objectives, evaluation of
the solutions, decisions to implement and the monitoring programs, and decision of Management to develop rational
managerial control programs (Ghanbari & Vaseli,
2015).
Kidane,
(2012) worked on management accounting function and decision making in the
organization. The study examines different strategies used by the companies for
Management Accounting in decision-making function in organizations. The
research was based upon the review of the literature in which the researcher
identified Management Accounting performance and how it can be improved by
using some activities. Some of the related operational requirements of our
financial function with the processing of the transaction. The focus of literature
was on techniques of Management Accounting and how it impacts on the business
environment and role of Management to have a significant decision in the
organization. The empirical evidence shows the fundamental shift in the
decision (Kidane, 2012). Management
Accounting in an organization provides essential information to the management
for having control and its decision making. In this procedure, managers require
information to utilize the decision making the process and controlling
operation. The prime objective of the present research is to identify the types
of managerial decisions and the significance of Management Accountant in the
business organization while making decisions. In research, secondary resources
including published articles, related websites, documents, and books were used
to identify decision making as a fundamental component of management. There is a number of ways to find effective
and good decisions and managers work on efficient management and quality of
information. To have a significant negotiation with the participants and
workers of the organization it is important to identify the coordination and
Management Accounting (Kidane, 2012). The Management
Accounting in an organization can be classified into two terms including
short-run and long term and second is tactical and strategic. The acceptable
and good decision depends upon the objectives and goals of the organization.
Before having a significant decision in an organization it is important to
relate it with the management accounting principles. The research concluded
that deep inside of decision making and Management Accounting have a critical
and diverse role in the organization. It was established that a Management
Accountant has a role in the organization to support the needs of Management
and to have strong decisions in complex situations (Kidane, 2012).
The
research identified the changing role of Management Accounting towards the process
of decision making. It is observed that decision making information system in
the organization and the managerial accounting information has a significant
emphasis on the decision making the process. On the basis of these, the
optimization of the production process and enhance mint can be improved and it
can stimulate the economic development of the organization. The effective
functioning of the competitive environment in the dominant economics limited
resources depends upon effective management (FOTACHE, FOTACHE,
BUCŞĂ, & OCNEANU, 2011). The main objective of effective
management in different organizations is to achieve production, storage,
outcomes, costing cured, and effective decisions. It is necessary to identify
the possible uses of the information system. The main aim of the paper was to
identify the role of Management Accounting in the decision making the process
by using different scientific research routes.
The information data collected in the research were analyzed to develop
an empirical relationship. The aim of the research is to synthesize the
existing decision-making process and formulate and hypothesis for the research.
Diversification in companies for the formulation of financial operation is
applicable at all the functions and levels of the companies. The literature
specifies a traditional and a deferential management rule to use resources
necessary to accomplish the activities of an organization (FOTACHE,
FOTACHE, BUCŞĂ, & OCNEANU, 2011).
The
complete monitoring and development programs in management accounting are
emerging in the recent era. The
managerial accounting is providing information to the decision-makers is
directly or indirectly and this process can be favorable or not favorable for
the subsequent decisions of Management. The information provided in these
functions and services is under the strategic guideline of social
opportunities. The failed information can be collected from existing data for
specific decisions. The managerial accounting has two significant characters
including dynamic Management Accounting and adaptability towards the
environment. In the dynamic Management Accounting the information has a
significant impact on the decision and in case of adaptability towards the
environment different methods and techniques can be used to concentrate the
situation. The potential Business Development depends upon the decision of
Management. The improved decision has competitive advantages in the context of
economic globalization. The research concluded that the decision-making process
can be described as a complex and critical process for the future of any
company. The whole process must have a sustainable as well as competitive
advantages in the dominant market. The extensive competitive analysis is used
in the decision-making process to achieve development in the internal and
external environment of the company. The uniform methodology is used to process
and collect information through the information of managerial accounting in TCM
making process. It can be stated that information about Management Accounting
has a significant role in the evolution of economic activity and
decision-making process (Shaub, 2011).
The
research is related to the Management Accounting and implementation of the
organizations. Management accounting is becoming increasingly critical in the
decision-making process of organizations. This research promised a consistent
application of Management Accounting in the decision making the process that
ensures consistency in the process of management accounting. Strategic decision-making
operation is required to have sustainability in the business. In regard to
managers of an organization, the company implements a Management Accounting in
the organizational culture to have benefits with the process (Ameen, Ahmed, &
Hafez, 2018).
In this process, the accounting management is used to have performance
management as well as risk management. The role of management accounting is
answerable to the Organisational Management for decisions and financial
accounting. Since Management Accounting can induce impact on the operation of
the individual department and the continuity of process in the culture of
Management Accounting. The decision-making approach in the management
accounting evaluates the performance and cost of issues that analyze the
sustainability of the business. All the benefits of Management Accounting can
be summarized in enhanced organizational performance, increase satisfaction and
better profits. In order to develop a cultural practice in the organization,
the present research work requirements that an organization must encourage
different policies of decision making in all departments (Ameen, Ahmed, &
Hafez, 2018).
References of Managerial accounting
Ameen, A. M., Ahmed, M. F., & Hafez, M. A. (2018).
The Impact of Management Accounting and How It Can Be Implemented. Dutch
Journal of Finance and Management into the Organizational Culture, 02(01),
2542-4750.
Breuer,
A., Frumuşanu, M. L., & Manciu, A. (2013). THE ROLE OF MANAGEMENT
ACCOUNTING IN THE DECISION-MAKING PROCESS: CASE STUDY CARAŞ SEVERIN COUNTY. Annales
Universitatis Apulensis Series Oeconomica, 15(02), 355-366.
Bui,
B., & Villiers, C. d. (2017). Business Strategies and Management Accounting
in Response to Climate Change Risk Exposure and Regulatory Uncertainty. business
strategies and management, 01(01), 4-24.
Cao,
G., Duan, Y., & Li, G. (2019). Linking Business Analytics to Decision
Making Effectiveness: A Path Model Analysis. IEEE transaction on
engineering, 62(03), 01-10.
FOTACHE,
G., FOTACHE, M., BUCŞĂ, R. C., & OCNEANU, L. (2011). The Changing Role of
Managerial Accounting in Decision Making Process Research on Managing Costs. Economy
Transdisciplinarity Cognition, 15(02), 45-55.
Ghanbari,
M., & Vaseli, S. (2015). The Role of Management Accounting in the
Organization. International Research Journal of Applied and Basic Sciences,
09(11), 1912-1215.
Jaf,
R. A., Sabr, S. A., & Nader, K. A. (2015). Impact of Management Accounting
Techniques to Achieve Competitive Advantage. Research Journal of Finance and
Accounting, 06(04), 84-90.
Kidane,
F. (2012). DECISION MAKING AND THE ROLE OF MANAGEMENT ACCOUNTING FUNCTION – A
REVIEW OF EMPIRICAL LITERATURE. A Journal of Radix International Educational
and Research Consortium, 01(04).
Nielsen,
L. B., Mitchell, F., & Nørreklit, H. (2015). Management accounting and
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