Management Accounting in the Digital Economy

This book explores these and other issues along different planes of reference.

Author: Alnoor Bhimani

Publisher: OUP Oxford

ISBN: 9780191532009

Category: Business & Economics

Page: 316

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There is mounting evidence that the deployment of digital technologies by enterprises affects not just their functioning in economic terms, but also mobilizes broader social, institutional, and organizational effects. At a technical level, digitization directly influences organizational processes. Notions of its potential also define managerial pursuits and the search for enhanced organizational performance. Inevitably, digitizatoin impacts the form, substance and provenance of internal accounting information with attendant consequences on the behaviour and actions of decision makers. Knowledge about the influence of digital technologies on management accounting thinking processes and practices is starting to emerge. A variety of issues relating to pricing strategies, cost management and control mechanisms are evident. But the implications for the field are far wider. Aspects of trust, organizational power, cultural shifts, strategization, convergence of product and information elements, and newly perceived contingencies between information dimensions and contextual factors are altering management accounting systems, structures, thinking, and practices. This book explores these and other issues along different planes of reference. The first part of the book consists of chapters that discuss accounting and management control systems and wider structural shifts connected with the advent of digital technologies. In the second section, the contributors analyse organizationally focused shifts occurring concomitantly alongside digital transformations in the economy. The final part of the book comprises chapters that consider avenues of accounting transformation that may be pursued in specific contexts both in terms of practice and as concepts that afford insights into possible management accounting futures. Broadly, the fourteen chapters of this book bring together practical commentaries, conceptual frameworks, and theoretical argumentation and explore wider narratives regarding the interface between management accounting and the digital economy. Management Accounting in the Digital Economy will be of interest to scholars, advanced students, and practitioners concerned with the management accounting and control implications of the growing ubiquity of digital technologies across organizational spaces and economic platforms.
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Management Accounting in the Digital Economy

Commentators addressing specific features of the digital economy have tended to be partial in their use of the term. ... In the context of addressing management accounting issues, the view that is taken of the digital economy needs to ...

Author: Alnoor Bhimani

Publisher: Oxford University Press on Demand

ISBN: 9780199260386

Category: Business & Economics

Page: 299

View: 444

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The deployment of digital technologies by companies affects their functioning in economic terms, and also causes social, institutional and organizational effects. This book examines the way in which management accounting systems structures, thinking and practices are being altered as a result.
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Improving Business Performance Through Innovation in the Digital Economy

Management accounting follows an entire process of redefining the shape taking into account the technical, behavioral and ... The main objectives of this chapter are: (1) presenting the conceptual approaches of the digital economy and ...

Author: Oncioiu, Ionica

Publisher: IGI Global

ISBN: 9781799810070

Category: Business & Economics

Page: 272

View: 511

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In the 21st century, advancements in the digital world are bringing about rapid waves of change in organizational management. As such, it is increasingly imperative to discover ways for businesses to adapt to changes in the markets and seize various digital marketing opportunities. Improving Business Performance Through Innovation in the Digital Economy is an essential reference source for the latest research on the impact of digital computing. It investigates new economic and entrepreneurial approaches to enhancing community development. Featuring research on topics such as business ethics, mobile technology, and cyber security, this book is ideally designed for knowledge workers, business managers, executives, entrepreneurs, small and medium enterprise managers, academicians, researchers, students, and global leaders seeking coverage on the management of sustainable enterprises.
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User Innovation and the Entrepreneurship Phenomenon in the Digital Economy

Sixth, the increasing economic impact Digitized products, including by reducing production costs. ... Despite the relevance of management accounting, strategic management accounting topics in a digital business in the Russian literature ...

Author: Isaias, Pedro

Publisher: IGI Global

ISBN: 9781522528272

Category: Business & Economics

Page: 357

View: 939

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The digital economy is a main driver of change, innovation, and competitiveness for various companies and entrepreneurs. Exploring developments in these initiatives can be used as vital tools for future business success. User Innovation and the Entrepreneurship Phenomenon in the Digital Economy is an essential reference source for emerging scholarly research on innovative aspects of design, development, and implementation of digital economy initiatives, highlighting the relationship and interaction between humans and technology in modern society. Featuring coverage on a broad range of topics such as electronic commerce, brand promotion, and customer loyalty, this book is ideally designed for academicians, researchers, students, and managers seeking current research on the digital economy.
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Contemporary Issues in Management Accounting

Management accounting has increasingly sought to do so by quantitatively and qualitatively reporting on much more than simply the economics of enterprise activities. Whether the field can sustain its significance within digital ...

Author: Alnoor Bhimani

Publisher: OUP Oxford

ISBN: 9780191536205

Category: Business & Economics

Page: 464

View: 854

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The book comprehensively covers established and emerging areas in the fast changing field of Management Accounting. Well established accounting of practices such as budgeting, costing, responsibility accounting and capital investment analysis are discussed alongside innovative and emerging accounting based approaches to organizational control.
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Value Creation in Management Accounting and Strategic Management

[ARR 16] ARRAOU P., “The certified public accountant and the digital economy”, Report including excerpts from the Introduction to the Opening Plenary, 70th Congress of the Order of Certified Public Accountants, 2015, available at: ...

Author: Satoshi Sugahara

Publisher: John Wiley & Sons

ISBN: 9781119467069

Category: Mathematics

Page: 184

View: 553

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This book explores two combined approaches (strategy and accounting) from a cross-disciplinary perspective in order to improve knowledge of value creation in various contexts. Existing studies on this topic have generally adopted a purely account-based or strategy-oriented approach to address this issue. However, this book draws upon a number of well-defined theoretical and empirical backgrounds and methodologies. Since the 1980s, many changes have occurred and companies have increasingly focused their strategies on value creation. Consequently, new strategic directions have emerged, especially for managerial accounting. Management accounting and alignment with strategy could thus improve performance. This book encourages further thought and reflection on these issues which should be pursued in the future as firms face new challenges associated with the acceleration of digital transformation.
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Digitization of the Management Accounting Function

Information technology, decision support and management accounting roles. Journal of Applied Management Accounting Research, 5 (1). Bhimani, A. (2003). Management accounting in the digital economy. New York: Oxford University Press.

Author: Oliver Holtkemper

Publisher: Springer Nature

ISBN: 9783658315092

Category: Business & Economics

Page: 125

View: 700

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This book analyzes the impact of digitization on management accounting in five manufacturing companies. It is one of the first in-depth empirical studies on the intersection of management accounting and digitization. The study suggests that there are two archetypes of digitization of the management accounting function. The first archetype emphasizes top-down-driven changes that aim to enhance efficiency, such as conducting tasks with a higher degree of automation in a leaner structure with fewer resources. The second archetype is strongly driven and initiated by employees in the management accounting function (bottom-up). The focus is on improving the use of data by applying innovative analytics methods, integrating additional sources of data, and benefiting from new technologies like artificial intelligence. The results of the study also indicate that digitization of the management accounting function is mostly in line with the overall company strategy.
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Accounting Organizations and Institutions

Management accounting for the extended enterprise: Performance management for strategic alliances and networked partners. In A. Bhimani (ed.), Management Accounting in the Digital Economy. Oxford: Oxford University Press, 36–73.

Author: Christopher S. Chapman

Publisher: OUP Oxford

ISBN: 9780191609374

Category: Business & Economics

Page: 458

View: 556

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Accounting has an ever-increasing significance in contemporary society. Indeed, some argue that its practices are fundamental to the development and functioning of modern capitalist societies. We can see accounting everywhere: in organizations where budgeting, investing, costing, and performance appraisal rely on accounting practices; in financial and other audits; in corporate scandals and financial reporting and regulation; in corporate governance, risk management, and accountability, and in the corresponding growth and influence of the accounting profession. Accounting, too, is an important part of the curriculum and research of business and management schools, the fastest growing sector in higher education. This growth is largely a phenomenon of the last 50 years or so. Prior to that, accounting was seen mainly as a mundane, technical, bookkeeping exercise (and some still share that naive view). The growth in accounting has demanded a corresponding engagement by scholars to examine and highlight the important behavioural, organizational, institutional, and social dimensions of accounting. Pioneering work by accounting researchers and social scientists more generally has persuasively demonstrated to a wider social science, professional, management, and policy audience how many aspects of life are indeed constituted, to an important extent, through the calculative practices of accounting. Anthony Hopwood, to whom this book is dedicated, has been a leading figure in this endeavour, which has effectively defined accounting as a distinctive field of research in the social sciences. The book brings together the work of leading international accounting academics and social scientists, and demonstrates the scope, vitality, and insights of contemporary scholarship in and on accounting and auditing.
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Management Accounting

Financial control and management accounting activities as part of the digital economy are being altered, are integrating decision making and action, and are re-engineering the strategy, technology and cost information interface.

Author: Al Bhimani

Publisher: Elsevier

ISBN: 1856179060

Category: Business & Economics

Page: 136

View: 138

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Management Accounting is part of the celebrations to mark CIMA’s 90th anniversary in 2009. It looks at the development of cost and management accounting from the founding of the Institute to today. It considers a number of immediate challenges to management accountants and surveys a range of issues and challenges that will likely affect management accounting thought and practice in the future. The authors examine the possibilities for accountants to widen their focus and become more familiar with the enterprise technology determining their organisations’ cost structures and with the effects of multiple production in various locations, such as economies or diseconomies of scale. Such change may require the alteration of traditional cost models used by accountants to become more nuanced. The book suggests how this may be accomplished and highlights the need for management accountants to work as part of management teams throughout the organisation as business partners rather than remain grounded in specialist information provision roles. Alnoor Bhimani is Professor of Management Accounting at the London School of Economics. He is also a Certified Management Accountant as well as an author of 15 books and over 100 articles. Michael Bromwich was CIMA’s Professor of Accounting and Financial Management at the London School of Economics and Political Science (1985 to 2006), now Emeritus. He is a Past President of CIMA (1987/88) and currently serves on CIMA’s Technical Committee. A unique survey of 90 years of CIMA research Analyses the research to determine future challenges for management accounting and business practices Charts the history of management accountancy and business practice over nearly 100 years
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Issues in Management Accounting

Management Accounting in the Digital Economy , Oxford : Oxford University Press , pp . 74–94 . Cooper , R. and Kaplan , R.S. ( 1998 ) ' The promise - and peril- of integrated cost systems ' , Harvard Business Review , 76 , 109–19 .

Author: Trevor Hopper

Publisher: Pearson Education

ISBN: 0273702572

Category: Business & Economics

Page: 458

View: 477

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Pooling the expertise of leading researchers Issues in Management Accounting critically explores a broad range of issues in a concise, digestible style. Both students and practitioners specialising in this area will find this book an essential guide to the many developments affecting management accounting theory and practice.
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