Global Management Accounting Principles – emperor’s new clothes?

Masztalerz, Marek

doi:10.15611/pn.2014.345.05

Cited by 3 publications

(4 citation statements)

References 6 publications

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“…Management accounting is a method of contingency forecast and business decision-making embedded in the organization, to improve the efficiency and benefit of enterprise operations through information support and management decision-making [8]. CGMA (2014) pointed out that management accounting focuses on highquality decision-making and drives the process of enterprise value creation and appreciation through information integration and analysis [9].…”

Section: Literature Reviewmentioning

confidence: 99%

Research on Management Accounting Framework and Quantitative Correlation Based on Hall Three-Dimensional Structure

Sun

Zeng

2022

Mathematical Problems in Engineering

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The management accounting framework aims to improve the operation control ability. It is the integration of the comprehensive use of management accounting tools. Given the lack of an internal relationship between management methods and operation control in the previous research on management accounting framework systems, this paper puts forward the purpose of this research. We use Hall's three-dimensional structure model for reference to construct the management accounting framework based on operation control and study the characteristics of operation control with the contingency elements such as organizational structure, control methods, and ability improvement as the logical dimension; taking eight tools such as comprehensive budget, performance evaluation, and responsibility body as the knowledge dimension to promote the application of management accounting, the enterprise operation matrix is defined. DSM method is used to study the quantitative correlation between operation control and management accounting tools and reveal the quantitative relationship between management accounting tools. Finally, the case of China Unicom verifies the core role of a comprehensive budget in enterprise operation management and reveals the significant correlation and hierarchical characteristics between management accounting tools. The research methods proposed in this paper can enrich the framework theory of management accounting and have enlightenment in guiding the practice of enterprise operation and management.

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Section: Literature Reviewmentioning

confidence: 99%

Research on Management Accounting Framework and Quantitative Correlation Based on Hall Three-Dimensional Structure

Sun

Zeng

2022

Mathematical Problems in Engineering

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“…Regarding the scientific context, there are still few studies on this perspective, but the few that do exist (Borker, 2016a;Masztalerz, 2014) have sought to focus on the theoretical discourses inherent to this structure, as well as the acceptability of such observations. This initial discussion is important for the growth and recognition of the proposed document.…”

Section: Global Management Accounting Principles -Gmapmentioning

confidence: 99%

Global Management Accounting Principles: Relationship between Management Practices and the Performance of Brazilian Companies

Costa¹,

Lucena²

2021

RBGN

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Purpose -Economic changes related to organizational structures and new business models require a new positioning of management accounting. The Global Management Accounting Principles (GMAP), as a guide to good practice, play the role of assisting organizations in creating better frameworks to support their decisions. The objective of this research is to analyze the relationship between the GMAP and the performance of Brazilian companies, from both an operational and an economic perspective.Design/methodology/approach -The final sample comprised 342 companies listed on the B3 (Brasil, Bolsa, Balcão) exchange, from 2010 to 2016. The methodology used to answer the research problem consisted of constructing an index of compliance with the recommendations proposed by the GMAP and observing the impacts of good management accounting practices on organizational performance, which was estimated according to operational and economic aspects.Findings -It was observed that the adopted management practices positively affect market performance and future growth expectations. This is already presumed by the CGMA proposal and the management literature, since management practices are routines incorporated into the organizational identity of companies and are reflected in better long-term results.Research Practical & Social implications -Considering the results obtained, the study contributes to the proposal presented by the CGMA, by reinforcing the role that management accounting plays in companies' decision making, and how it is a relevant element for the future performance of organizations. In addition, it contributes to the market by presenting a structure focused specifically on controlling and management decisions, to assist in choosing tools that have a positive impact on results.

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“…A research was conducted by Masztalerz (2014) to critically look at and discuss the consultation draft on GMAPs launched in 2014. The findings of this study argued that the GMAPs are not a neutral set of principles that can commonly be accepted, but rather a subjective view on management accounting.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It is becoming increasingly difficult to make sound business decisions that support business sustainability in the ever-increasingly volatile, uncertain, complex and ambiguous (VUCA) environment in which a business has to operate (Chartered Institute of Management Accountants [CIMA] 2016). Management accounting is concerned with the supply of information to support or assist sound business decision-making, ensuring value creation for stakeholders through business progress and organisational change (Figge & Hahn 2013;Gimzauskiene & Valanciene 2008;Masztalerz 2014). The importance of sound business decision-making was recently highlighted by the Association of International Certified Professional Accountants (The Association) -'Quality decision-making has never been more important -or more difficult' [CIMA & American Institute of Certified Public Accountants (AICPA) 2014].…”

Section: Introductionmentioning

confidence: 99%

An evaluation of Global Management Accounting Principles in the sustainability of a South African mechanised piggery

Burger¹,

Middelberg²

2018

J. econ. financ. sci.

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Research purpose: The aim of this article was to evaluate the relevance of Global Management Accounting Principles (GMAPs) in the sustainability of a mechanised piggery in a South African context.Motivation for the study: Considering the pressure which commercial agriculture in South Africa is experiencing, as well as the growing nature of pork production in this sector, mechanised piggeries would have to consider ways in which to manage their operations in order to remain sustainable.Research approach, design and method: The research design took the form of an exploratory case study and contextual applied research with an inductivist approach to qualitative research.Main findings: The findings include that, without pre-knowledge of GMAPs, Piggery A employed a large number of the concepts and principles described by GMAPs as best practice.Practical and managerial implications: All commercial farming operations should consider GMAPs as a tool to establish best practice in the support of decision-making that promotes sustainability of farming operations.Contribution or value-add: The article’s contribution is to highlight that GMAPs can also be utilised as an effective decision-making tool in a mechanised piggery albeit it was designed for use in large corporations.

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Global Management Accounting Principles – emperor’s new clothes?

Cited by 3 publications

References 6 publications

Research on Management Accounting Framework and Quantitative Correlation Based on Hall Three-Dimensional Structure

Research on Management Accounting Framework and Quantitative Correlation Based on Hall Three-Dimensional Structure

Global Management Accounting Principles: Relationship between Management Practices and the Performance of Brazilian Companies

An evaluation of Global Management Accounting Principles in the sustainability of a South African mechanised piggery

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