This study investigated the consequences of cost management quality on the effectiveness of internal control and reliable decision-making in Thai industrial firms. With this information, the firms were then tested against performance. A sample of 354 new manufacturing industries in year 2017 of Thailand was chosen and data was collected through mailed questionnaires. Only 340 (96.05%) respondents contributed to the database of this report. The result of ordinary least squares regression revealed that the cost management quality was positively related to the internal control effectiveness and decision-making reliability. In addition, internal control effectiveness and decision-making reliability also had positive effects on firm performance. This implied that without accounting information system quality, a firm had a greater chance of failure. Contributions and suggestions for future research are presented. 60 Literature Review and Conceptual ModelAs depicted in figure 1, a conceptual model was constructed to identify how CMQ affects internal control effectiveness and decision-making reliability. Then, internal control effectiveness and decision-making reliability were tested on how they affected firm performance. To link the variables of the model logically, the conceptual model was delineated by a resource-based view of the firm.Resource-Based View of the firms (RBV) The concept of resource-based view of the firms (RBV) illustrated how to establish sustainable competitive advantages of organizations from resources which are rare, valuable, hard or impossible to imitate or duplicate, and difficult to substitute (Barney 1991). This concept, nowadays, is extremely popular because organizations having resources, capability, unity, and specialty over rivals will become successful. According to Barney (1991), and Kim and Oh (2004), resources of an organization comprise competency, assets, capability, information, and knowledge; therefore, differences in terms of organizations' resources enable different opportunities to grow and create competitive advantages. In this research, cost management is useful information for executives of industrial sector in the highly competitive era. Information is a vital resource in the organization as it is capable of creating competitive advantages. Competitive advantages of Porter (2008) are results of four factors of resources mentioned above. This research, thus, indicates that having information about effective cost management, organizations in industrial sector possess (1) a resource that is valuable and helpful in decreasing weaknesses in product and service price setting, and operating cost.(2) Information about effective cost management is rare because each organizational culture has different context which is strength of the firm. (3) Imitation in firms is difficult as a result of firm differences. This means that organizations can create information about effective cost management while competitors cannot duplicate, reproduce, and (4) substitute it because this information ...

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This study aims to examine the effect of lean accounting implementation on organizational performance through the mediating effect of strategic decision-making and continuous improvement. Five hundred and five executives in the medical device manufacturing industry's organization were chosen as the sample, and the data were collected. The results of the structural equation model (SEM) of the analysis model's fit index of conceptual model are indicated by the index examining the absolute quality of fit measure. Additionally, the results of ordinary least squares (OLS) regression analysis and path coefficients and hypothesis testing show that lean accounting implementation plays a positive, significant role in determining and driving strategic decision-making and continuous improvement. Strategic decision-making and continuous improvement positively affect organizational performance. Therefore, firms with lean manufacturing must focus lean accounting to lead to information for decision making and revenue improvement and to increase the profit for firms.

This research was conducted to (1) investigate the activities and cost drivers in the mask manufacturing process, (2) investigate the effectiveness of activity-based costing lessons, and (3) perform a comparison of learning achievements attained through the case-based learning of mask production using the activity-based cost method. The study results were reported as means, standard deviations, and dependent samples (t-test) results. The analyses revealed that five activity centers are involved in the production of valveless surgical masks and costs were determined by both volume and duration, whereby the Process Efficiency/Product Efficiency (E1/E2) ratio of 82.25/81.55 met the predetermined standards. Moreover, students' academic achievement after completing the case-based learning activity increased at a significance level of 0.01. Thus, these research findings can be of value for teachers aiming to develop lessons for students in accordance with the 21st century teaching and learning strategies. Keywords: Activity Based Costing; Case-based Learning; Surgical Mask.