Open AccessIMPACTS OF MANAGEMENT ACCOUNTING IN MICROENTERPRISES ENTERPRISES: A SYSTEMATIC REVIEW
Author(s) -
Ali Alfartoosi,
Mohd Abdullah Jusoh,
Harith Yas
Publication year - 2021
Publication title -
international journal of engineering applied science and technology
Language(s) - English
Resource type - Journals
ISSN - 2455-2143
DOI - 10.33564/ijeast.2021.v06i01.071
Subject(s) - management accounting , accounting , cost accounting , documentation , empirical research , accounting information system , business , accounting management , project accounting , knowledge management , computer science , accounting standard , philosophy , epistemology , programming language
The current study sought to explore andunderstand how te use of management accountingtechniques in microenterprises affects thoseentities. Precisely, the study focused on examininghow the application of management accountingtools affects microenterprises. The researchmethodology employed in this study involvedcollecting data from journals, articles,publications, and relevant empirical studies. Thecollected data was analyzed through commonthemes generated from the project documentation.The results of the study depicted that managementaccounting practices such as cost system analysis,budgeting and providing accounting informationimproved the performance of microenterprises.Besides, these tools were evidently supported asessential elements in decision making as far microenterprises are concerned. The study recommendsthat microenterprises should focus on budgeting,cost system analysis and using accountinginformation as their key drivers in decisionmaking. Besides, the study proposed furtherresearch to be done with empirical studies to gaugewhether the conclusions drawn will be the same.