logo

Running Head: Established Management Accounting Knowledge

   

Added on  2020-03-23

12 Pages2251 Words485 Views
RunningHead: Established Management Accounting KnowledgeStudent Name:Established Management Accounting KnowledgeInstitute Name:Affiliation:1
Running Head: Established Management Accounting Knowledge_1
RunningHead: Established Management Accounting KnowledgeTable of ContentsIntroduction......................................................................................................................................3In what management accounting topics do we have established knowledge?................................4What are some current themes in management accounting research?.............................................6What do we need to learn in management accounting research going forward?............................8Conclusion.....................................................................................................................................10References......................................................................................................................................112
Running Head: Established Management Accounting Knowledge_2
RunningHead: Established Management Accounting KnowledgeIntroductionThe concept of management accounting (MA) may be considered to be one of the most useful and practical aspects of finance and accounting studies. The MA knowledge not only helps the management in their decision making but also contributes towards the further development of MA studies for the greater achievement on the value maximization front for the corporate. The paper has elaborately discussed the key aspects of researches' conducted on MA topics inclusion their practicality and usefulness in a real-world scenario.3
Running Head: Established Management Accounting Knowledge_3
RunningHead: Established Management Accounting KnowledgeIn what management accounting topics do we have established knowledge?The management accounting (MA) may be considered to be a vast area of knowledge and practice. As a result, there have been several research publications which have thoroughly discussed the various aspects of MA. Though there are several facets of MA studies, the researchpapers on the MA subjects have focused primarily on cost, cost control mechanisms, budgeting and non-financial performance measures by way of the balanced scorecard (BSC) (Fullerton et al. 2014). However, in this context, it may be observed that though research products have provided with lots of analysis and subsequent interpretation on the numerous dimensions of MA,pertinent questions arise as to whether this information accumulates to "established knowledge". As a result, an effort has been made to analyse the question, as raised above, try to find out the solution to the same.At the outset of the study, the concept of “established knowledge” may be defined as a firm and recognized information that may be put forward for the purpose any argument beyond any doubt.In other words, the concept of established knowledge may be construed to be substantive understanding and realization about the facts (Otley, 2016). Substantive knowledge does not necessarily mean the provable facts but the insights about the real world implications and the direction towards the achievement of business goals and objectives. It may be noted that the researches’ conducted on MA topics are not always comparable. The researches’ consider different variables and parameters for judging the same phenomenon. Thesevariables may be of two types namely practice-defined variables and theory-defined variables. It is needless to mention that in most of the occasions, theory and practice do not coincide and hence these variables also do not render the same results. Furthermore, an in-depth research on 4
Running Head: Established Management Accounting Knowledge_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Management Accounting : Doc
|8
|2622
|57

Management Control System and Its Feasibility
|7
|2471
|125

Research Studies on Budgeting
|15
|4537
|165

Managerial Accounting Unit Code HI5017 Trimester - T2 2019 Student Name- Student Number- Word Count- 3080
|13
|4187
|43

Title [Give your research project a title, which clearly
|4
|455
|391

BUSI 151 Introduction to Business Learning in Action Workbook Instructions Start your Learning in Action Workbook
|22
|10218
|469