Strategic management accounting practices

Top PDF Strategic management accounting practices:

Management accounting practices in the Portuguese lodging industry

Management accounting practices in the Portuguese lodging industry

Schmidgall et al. (1996) analyzed if culture influence the use of management accounting techniques but they didn’t arrive an affirmative answer for the Budgets, but they verified this for Strategic planning. A majority of hotel chains in both the USA and Scandinavia use budgets and budget variance analyze. The budgets are elaborated by a bottom up approach. However, USA hotels prepared budgets for five or more years but Scandinavia not. The USA hotels have a tighter control over food costs and beverages costs, while Scandinavia has got a tighter control over other costs. According to Pavlatos and Paggios (2009), there is a growing desire to understand the practice of management accounting in hotels, having these techniques an important role in their decision making process (Oliveira et al., 2008).
Mostrar mais

19 Ler mais

en 0104 530X gp 0104 530X1279 15

en 0104 530X gp 0104 530X1279 15

Abstract: This article aimed to identify the lean accounting (LA) practices aligned with the strategic cost management (SCM) in companies of the industrial goods sector that work with lean production. It is a study of multiple cases accomplished in the second half of 2013. Data were collected through interviews, document analysis and observations in loco. Data analysis was given in a qualitative and a comparative way among companies. The main indings indicate that the surveyed companies continue to use traditional costing methods because they don’t believe that more sophisticated methods will lead to a greater accuracy of information, contrary to the emphasized by the literature. In the same way, others LA practices, as value stream and visual management are less applied. It was observed that LA is a philosophy convergent with SCM. Some practices are shown to be aligned, as the quality cost, logistics cost analysis, kaizen cost analysis, value chain analysis, ABM (Activity Based Management) and BSC (Balanced Scorecard). We found that the practices of lean accounting do not unfavorably affect the use of SCM practices. Finally, companies are shown to joining lean production practices more than lean accounting itself, evidencing a gap in the literature on the subject.
Mostrar mais

13 Ler mais

Management accounting practices in the Portuguese lodging industry

Management accounting practices in the Portuguese lodging industry

The conclusions that we made are to some extent close to the conclusions of other researchers in this field. Phillips (1996) refers that Strategic planning is a frequent technique adopted within the industry. Jones (2008) refers that the Budgeting is the mostly used technique. Cost control e a technique widely used by hotel managers Oliveira et al. (2008), with the purpose of supporting the decision making process. Pavlatos and Paggios (2008) have found that the traditional accounting techniques more frequently adopted were Budgeting, Budget deviation analysis, Product costing and Product profitability analysis. By using Spearman´s Rho we verified that there is a moderate association between variables that characterize the competition within the sector and the degree of adoption accounting techniques. Having that present, we confirm that competitiveness within the industry as a positive influence the management accounting practices adopted by hotels, an idea previously transmitted by Tayles and Walley (1997).
Mostrar mais

19 Ler mais

Management accounting practices in the Portuguese lodging industry

Management accounting practices in the Portuguese lodging industry

The conclusions that we came to are, to some extent, close to the conclusions of other researchers in this field. Phillips (1996) refers that Strategic planning is a frequent technique adopted within the industry. Jones (2008) refers that Budgeting is the most used technique. Cost control is a technique widely used by hotel managers (oliveira et al. (2008), with the purpose of supporting the decision-making process. Pavlatos and Paggios (2008) have found that the traditional accounting techniques more frequently adopted were Budgeting, Budget deviation analysis, Product costing and Product profitability analysis.
Mostrar mais

16 Ler mais

Management accounting software and accounting practices: empirical study on SME enterprises

Management accounting software and accounting practices: empirical study on SME enterprises

As there appears to be a paradox between the methods of product valuation considered theoretically more suitable and those effectively used by enterprises according to empirical studies already made, research clarifying the explanatory factors for this is justified. The first goal was to identify the methods used by Portuguese industrial SME’s to valuate products. In line with empirical studies made in other countries, it is possible conclude that enterprises continue to use methods that are theoretically unsuitable. About a quarter of the enterprises analyzed do not allocate indirect costs to products; allocation in the remaining enterprises is influenced by production volume. The use of these allocation bases may not reflect the real consumption of organizational resources required by each product. As a result, those items produced in large scale may be over-valued while products made in small quantities may be under-valued. If the resulting product costs are used for any managerial decision, e.g. to determine the sales’ price or to perform a profitability analysis, there may be important strategic implications as managers may use the resources for products manufactured in smaller quantities incorrectly.
Mostrar mais

10 Ler mais

Características do alto escalão e o uso de sistemas de controle gerencial: uma revisão integrativa

Características do alto escalão e o uso de sistemas de controle gerencial: uma revisão integrativa

This study contributes to the literature on strategic management by examining the linkage of upper echelon characteristics and management practices, more specifically MCS as an element of strategic implementation. Only a few studies were identified on this topic, making it as one with the largest gaps on upper echelon research along with: (i) relationship between the managers’ characteristics and performance; (ii) relationship between management practices and organizational performance; (iii) relationship between management practices and employees’ attitudes at work; (iv) relationship between employees’ attitudes at work and organizational performance (Oppong, 2014). Regarding the MCS literature, this review provides a synthesis of studies that consider upper level executives as precursors in the use of MCS; even further, how the literature on management accounting may benefit from the analysis of the usage related to accounting information systems as an integral part of MCS, and also identifying promising routes for future researches.
Mostrar mais

23 Ler mais

MANAGERIAL AND COST ACCOUNTING PRACTICES - A ROMANIAN OVERVIEW

MANAGERIAL AND COST ACCOUNTING PRACTICES - A ROMANIAN OVERVIEW

After presenting the main aspects regarding managerial accounting practices within Romania companies the final objective of our study was to present to what extent managerial accounting and cost type of information is used in the decision making process. Our results indicates that managerial accounting is an advisor of management, the respondents considering that the information provided are useful for business development; in operational, tactical or strategic decision making. Moreover, based on cost type of information managers can take decisions regarding the improvement and design of internal production and business processes; the distribution and trade of products and services; performance measurement; investments or finances (Fig. nr. 3).
Mostrar mais

7 Ler mais

Managerial accounting practices at Western region hotels – Portugal

Managerial accounting practices at Western region hotels – Portugal

We tried to understand the extent to which hotels use accounting as a management tool and the purpose of doing it, which accounting techniques do they put in practice, and to which extent adopt the guidelines of the Uniform System of Accounts for the Lodging Industry. The information gathered is useful as a benchmark that can and should be reviewed periodically, and shared among the different hotels to support them in understanding their competitive position within the regional market.

24 Ler mais

Computer assisted audit tools and techniques in real world: CAATT's applications and approaches in context

Computer assisted audit tools and techniques in real world: CAATT's applications and approaches in context

Graduation Degree on Audit for Public and Organizational Enterprises that includes a subject focused on Information Technologies Applied to Auditing (ICT on Auditing). The first year was 2008/2009 and fifty-nine students attended the first edition; thirty-six, during the second and twenty during the third. Mostly, these students had their first contact with CAATTs in this subject. The assessment was based on students’ labor experiences, which included education and training, city council, audit organizations and accounting offices. Students made use of that experience concerning the applications they chose to do data analysis using CAATTs software. However, to introduce and to practice the CAATTs’ contents, we realized we need data sets to test the concepts, all the students at the same time, conducing to real learning and good practices that they can use, later, in their specific data sets. A demo educational version was available for students and teachers: classrooms and students’ laptops were included. That educational version was limited to databases with less than 10.000 records. The full CAATT version “is adequate when data amount does not allow assuring audit process without a technological aid: paper amount will be impossible to manage” [3]. The course was taught using a Learning Management System, MOODLE, Modular Object-Oriented Dynamic Learning Environment, supported by several forums, documents, students’ contributions and submissions. As in [11] and [12], “the power of Internet in learning management, trough an E-Learning platform, MOODLE, was explored as a tool to motivate students and to improve their final skills”. In order to promote CAATTs’ usage, this project was also inspired in [13], where is stated that Audit Command Language, ACL, an auditing software classified as Data Analysis was used “to help students become more “technologically adept””.
Mostrar mais

8 Ler mais

Management accounting change in health sector

Management accounting change in health sector

instance, number of surgeries, number of medical consultations) with the Board of Directors, following a former process of negotiation between the central health care administration system (an agency of Ministry of Health’s accountable for managing the financial and IT resources of NHS) and public hospitals. The implementation of the responsibility centre in the CSS has been subjected to successive negotiations between CSS Director and the Board of Directors, consequence of the existing laws, which as mentioned earlier are too vague and thus prone to misinterpretation. The regulation opens the possibility for the creation of the responsibility centres, leaving to the hospitals’ Board of Directors the discretionarily to decide how to lead that process. The internal regulations of the CHLC did not shed light on this process. In consonance with the political guidelines, the hospital also has allowed the responsibility centre implementation despite remaining silent regarding how it would be operationalized. There is no guidance about what type of responsibility centre should better respond to the needs of the hospital, what degree of autonomy and the level of decision capacity on resources that should be assigned to the responsibility centre manager. The follow up of the business plan implementation is done by the Department manager, which uses indicators pre-defined by the CHLC and others considered relevant, monitoring all activity and the evolution of the costs of clinical consumables, medications and human resources. This information is collected from the information system of the hospital. Besides this monitoring made by the Department manager, there was no major changes in the administrative and bureaucratic practices. However, the time available by the Department manager, to the CSS remained unchanged. Indeed, a major concern of the CSS Director is his feeling of lack of support, not only from the Board of Directors, but also from the Department manager that takes part of the management body of the CSS. The Department manager is not able to get more involved, because it was not made available effective means, which would allow him to devote himself entirely to the CSS management. In fact, this Department manager accumulates functions as Department manager on other services of the Santa Marta Hospital. The CSS Director does not want to be determined by the management decisions. However, he feels the need of having management information fully and timely available, so that he stays in possession of all the necessary information for decision making.
Mostrar mais

156 Ler mais

BBR, Braz. Bus. Rev.  vol.13 número6

BBR, Braz. Bus. Rev. vol.13 número6

Jain and Sharma (2014) emphasize that Green Supply Chain Management (GSCM) is considered a major part of the organizational strategy for companies that want to become environmentally friendly and socially responsible, to meet the demands of the customers and fit the legal requirements by governments. They also point out that there are 14 elements that have significant impact on the implementation of Green Supply Chain Management (GSCM) in organizations, namely, pressure from customers and competition, governmental regulations, supplier certification of environmental management system, supplier environmental collaboration, customer collaboration, social responsibility and ethics, business benefits, pressure from employees, exports and sales to foreign customers, competition, sustainability of resources, reduced costs, return on investment and organizational factors: commitment, awareness and experience; These are elements that help organizations that need to deal with financial crises, lack of resources, climate change, environmental impact of operations, customer awareness for green products. Furthermore, by adopting Green Supply Chain Management (GSCM) practices, organizations are able to communicate more effectively to the government that they are committed to improving their environmental performance.
Mostrar mais

33 Ler mais

Cadru pentru crearea unei culturi a învăţării şi a partajării cunoaşterii în biblioteci şi servicii de informare

Cadru pentru crearea unei culturi a învăţării şi a partajării cunoaşterii în biblioteci şi servicii de informare

Atunci când discutăm despre resursele de cunoaştere şi fluxul lor în organizaţii, barierele culturale, fizice şi organizaţionale nu ar trebui să fie trecute cu vederea (33). În ceea ce priveşte partajarea cunoaşterii, studierea şi înţelegerea modului în care aceasta are loc pot oferi metode pentru a identifica şi a depăşi aceste bariere (34). Cu toate acestea, există cercetători (35) care nu consideră că lipsa partajării cunoaşterii în cadrul organizaţiilor este cauzată de bariere culturale şi aceştia nu dau o importanţă atât de mare procesului de schimbare a culturii organizaţionale în vederea implementării manage- mentului cunoaşterii, în sensul că ar avea doar un rol minor şi că există mulţi alţi factori care influenţează procesele de management al cunoaşterii.
Mostrar mais

15 Ler mais

THE STRATEGIC PERFORMANCE MANAGEMENT PROCESS

THE STRATEGIC PERFORMANCE MANAGEMENT PROCESS

Performance management is important because it plays a pivotal role in any organization’s human resource framework. There are clear benefits from managing individual and team performance to achieve organizational objectives. Similarly, compensation in the form of pay, bonuses, stock options and other benefits can be linked to the achievements of particular goals. But such links do not necessarily produce extended results. This is a problematic and complex area in which common-sense solutions do not work.

4 Ler mais

Cad. estud.  número22

Cad. estud. número22

The research areas include controllership, auditing, accounting theory, financiai accounting, management accounting, strategic cost accounting and information systems.. Paulo [r]

10 Ler mais

Um estudo sobre projetos de implementação de sistemas para gestão empresarial

Um estudo sobre projetos de implementação de sistemas para gestão empresarial

Categorias de software: Configurators, Data Management, Demand Planning, ERP MRP II, Financials, Accounting and Business Mgmt., MES, Project Management, Quality Management, Schedul[r]

196 Ler mais

EUROPEAN ACCOUNTING AND MANAGEMENT REVIEW

EUROPEAN ACCOUNTING AND MANAGEMENT REVIEW

The banking sector holds great intensity in intellectual capital, which reveals to be the most visible to a large number of stakeholders considering the importance of its’ activity upon the general economy. This is also the sector that should invest more intensely in the disclosure of its’ intellectual capital, using the most advanced information and communications technologies. Webpages are a privileged means for disclosing the management of organizational knowledge and they acquire great acuity in the field of disclosure of intellectual capital. Given this situation, and in light of the stakeholders and the legitimacy theories, in this study we proposed to analyse the disclosure practices on the webpages in August of 2016 of intellectual capital made by banks operating in Portugal and Spain.
Mostrar mais

18 Ler mais

Capacidade de absorção, exploração e explotação: uma análise em empresas de Palmas, Tocantins

Capacidade de absorção, exploração e explotação: uma análise em empresas de Palmas, Tocantins

Abstract: This research is about the relationship between the exploitation, exploration, and absorptive capacity of the organizational knowledge. The three themes are of great importance to the sustainable competitive advantage of organizations. In general, although they are inserted in the discussion of organizational learning, they are still in the evolutionary process regarding antecedents, moderators, and outcomes, as can be observed in the theoretical reference. It has not been possible to identify studies with similar characteristics as the one presented here, i.e., studies linking exploration and exploitation with absorptive capacity, particularly in the Brazilian context. The main objective was to evaluate the degree of association between exploration, exploitation, and absorptive capacity. This study used quantitative research in 100 companies operating in commerce and services sectors, all located in the city of Palmas, Tocantins State. The sector was chosen based on the concentration of commercial and services companies in the city. The informants were the managers who worked in these companies. The questionnaire involved the use of two scales: one scale for the measurement of exploration and exploitation, and the other scale for measuring the absorptive capacity, both validated by early studies. The technique involved structural equation modeling using Partial Least Square-Path Modeling (PLS-PM) software was used for the verification of the principal hypothesis. The concepts of exploration and exploitation were based on six dimensions: organizational knowledge practices, innovation practices, strategic orientation, competition, partnerships, and efficiency. The concept of absorptive capacity was based on four dimensions: porosity, routines and structures, public knowledge, and individual abilities. The results showed that companies had exploitation orientation. Regarding the absorptive capacity, companies had a high relationship with the environment, with routines and with procedures, and with public knowledge. The main hypothesis was confirmed, indicating a positive relationship between exploration, exploitation, and absorptive capacity. Keywords: Exploration; Exploitation; Absorptive capacity; PLS-PM.
Mostrar mais

14 Ler mais

Strategic Management in Public Administration

Strategic Management in Public Administration

Why? There could be multiple reasons. From the fact that those certain entities believe that the process of strategic planning is a waste of time, that it involves high costs in the process of strategic planning, and most of all the fact that they need to implement elaborate strategies, they fear the unknown, the comfortable staff doesn t want to put time, resources and effort into an elaborate plan, to the fact that the staff gets suspicious and lacks faith in the entity s management, previous experiences that did not have the expected result and, last but not least, the staff s fear of being poorly rewarded due to a previous success through fulfilling the set goals and the rise of a possible failure to penalize the culprits.
Mostrar mais

5 Ler mais

Three decades of strategic management research on M&As: Citations, co-citations, and topics

Three decades of strategic management research on M&As: Citations, co-citations, and topics

Merger and acquisitions (M&As) strategies have been growingly deployed by firms for their domestic and international expansion, to redefine their business scope or take advantage of emerging opportunities. In this paper we conduct a bibliometric study of the extant strategy research on M&As, assessed by the articles published in the main journal for strategic management studies over the period 1984-2010. Results reveal the highest impact works (articles and books), the intellectual ties among authors and theories that form five main clusters of research, and the topics delved into. Performance effects, M&As as diversification strategies and RBV and capabilities-based topics have dominated the extant research. The study contributes to the extant knowledge on M&As by taking stock of the accumulated knowledge and research direction, complementing other literature reviews with a strategic management specific perspective. Thus, we provide a rear view of the field which facilitates detecting untapped gaps that may be munificent avenues for future research.
Mostrar mais

43 Ler mais

Prioritizing the Factors Influencing the Development of Operational Audit

Prioritizing the Factors Influencing the Development of Operational Audit

Since late twentieth century, by foundation of large factories and implementation of development projects which required large amounts of capital, provision of these capitals and administration of these projects was beyond ability of two or more persons and on the other hand, by ever growing global markets and their integration, required collaboration and cooperation of large international companies so as these companies by immense investments and acquiring global markets share brought about more accounting and financial estimation complexities. This resulted in separation of management from ownership and tasks of financial and accounting affairs were assigned to specialized accountants so that accounting profession transformed from traditional state into a systemic and modern approach using advanced softwares (Hassas Yeganeh, 2004). Entrance of operational audit concept goes as far back as 1960 AD or somewhat earlier but this activity actually started in 1970 (Daujotaite & Macerinskiene, 2008). Origins of this type of audit are rooted in countries and in various time periods and in its formation process, numerous professional organizations such as internal, independent and governmental auditors have been involved. Therefore, brief study of the provided definitions in various books and journals indicate use of diverse terms for this type of audit. For example, in Canada, it is known as Comprehensive Audit and in Common Wealth countries, as Audit of Saving, Efficiency and Effectiveness. Officially, starting point of operational audit concept as new audit area is publication of Audit Standards of State Organizations in 1972 by the US Bureau of Audit hi h late o e a e k o as Yello Book Fleshe & )a zeski, .
Mostrar mais

16 Ler mais

Show all 7959 documents...