Open AccessManagement Accounting and the Control of Organizational Performance
Author(s) -
Wu Hao
Publication year - 2020
Publication title -
asian business research
Language(s) - English
Resource type - Journals
eISSN - 2424-8983
pISSN - 2424-8479
DOI - 10.20849/abr.v5i1.733
Subject(s) - management accounting , cost accounting , throughput accounting , accounting , cost–volume–profit analysis , accounting management , accounting information system , depreciation (economics) , project accounting , business , profit (economics) , computer science , accounting standard , economics , capital formation , financial capital , microeconomics
The increased emphasis upon the value chain and a growing focus on value adding activities has led to several new developments in management accounting. Critically evaluate these contemporary techniques and discuss the extent to which they offer improvements compared to traditional accounting techniques. Furthermore, management accounting will improve accounting techniques when value chain and add value-adding activities develop in the enterprise that searches for new accounting skills in the operation of the company. Generally, parts of traditional accounting techniques are not suitable for use in the current field of accounting, because these traditional accounting techniques could not provide the accurate index of cost, profit, depreciation and other factors considered by managers for operation. So, this essay would discuss several new accounting techniques in order to promote the performance of management and make manager will recognize what accounting techniques they should utilize for gaining better efficient management in the future.