The Extent Use of Contemporary Management Accounting Practices and Its Effect on Operational Performance of Industrial Corporations in Jordan

Abstract

The purpose and aims of this study is to illustrate the extent use of contemporary management accounting practices MAPs in the Jordanian industrial corporations listed on Amman Stock Exchange ASE, and an attempt to find out the most common practice used. A field study conducted by using a questionnaire distributed to accountants working in 25 different industrial corporations, a total of 75 questionnaires distributed, 52 were valid for analysis purposes. The financial data related to the operational performance were collected for the periods 2013-2016. The study used arithmetic mean and standard deviation to describe the study sample and determine degree of implementation of contemporary MAPs.Multiple regression analysis used to detect the effect of MAPs on each indicator of operational performance.Results of the study showed a moderate use of contemporary MAPs, such as Target costing, Kaizen costing and Just-in-time manufacturing, moreover a least used practices were Activity base costing and Balance scorecard, and analysis revealed a different effect of applied contemporary MAPs on operational performance indicators, an effects on inventory turnover rate is observed, and no statistically effect on operational ratio, receivables turnover and total assets turnover. Worthwhile, the researcher proposed a number of proposals and recommendations, emphasis in reconsideration of application mechanism of contemporary MAPs applied in the corporations, and activate the role of various contemporary MAPs used as an information system, which could assess the corporate managers and decision-makers serving the management's objectives in the industrial corporations.

Modern Management Accounting Practices for Large Manufacturing Enterprise in Lower Northern Provinces Group I Thailand

“…These are the main reasons that most enterprises choose target costing and balanced scorecard practices. These results agree with the studies with samples from Jordanian industrial corporations that showed that target costing had been widely adopted (Alzoubi, 2018). Similary, Šiška (2016) and Khan (2018) investigations in the Czech and Bangladesh manufacturing companies indicated that there were relatively moderate applications in target cost.…”

“…The relative adoption of traditional accounting practices is higher than modern MAPs in many countries, including Vietnam, Egypt, Greece, and Bangladesh (Angelakis, Theriou, Floropoulos, & Mandilas, 2015;Hieu & Dung, 2018;Hussein, 2018;Khan, 2018). In contrast, Malaysia, Jordan, Romania, Australia, and Canada are positive with the adoption of modern MAPs and the level of success of modern MAPs was moderate (Alzoubi, 2018;Cuzdriorean, 2017;Nuhu, Baird, & Bala, 2017;Pollanen & Abdel-Maksoud, 2010;Tuanmat & Smith, 2011).…”

Exploring Technology Acceptance in Management Accounting Tools’ Adoption in Public Sector Accounting: A Sustainability Perspective for Organizations

“…Numerous studies have explored the potential benefits associated with diverse practices and management accounting tools, shedding light on their impact on both financial and non-financial performance and their alignment with an organization's sustainability objectives [68,69]. While prior research has predominantly focused on the adoption and utilization of management accounting tools across various national and economic contexts, it is evident that these tools play a pivotal role in enhancing the performance and sustainability of public sector entities, which often operate under unique constraints and objectives [52,55,59].…”

Ảnh hưởng của vận dụng các phương pháp và kỹ thuật kế toán quản trị đương đại đến thành quả tài chính tại các doanh nghiệp Việt Nam

“…Việc không dựa vào thông tin kế toán phù hợp có thể góp phần quản lý tài nguyên không hiệu quả và làm giảm dần hiệu quả hoạt động của doanh nghiệp (Baines và Langfield Smith, 2003). Vì vậy, các phương pháp và kỹ thuật KTQT đương đại (CMAP) ra đời và được áp dụng để cung cấp cho các nhà quản lý những thông tin cần thiết và kịp thời cho các quyết định kinh doanh và để đạt được các mục tiêu về hiệu quả hoạt động và mục tiêu tài chính của doanh nghiệp (Alzoubi, 2018). Chenhall và Langfield-Smith (1998a) nhận thấy các công ty sản xuất lớn có tỷ lệ vận dụng CMAP cao hơn nhằm đạt được hiệu suất tốt hơn.…”