Authors: Dr. SUKHJEET KAUR MATHARU, Dr. MURLIDHAR PANGA, Dr. ANKUR SAXENA and Dr. MINAL UPRETY
Abstract
The ever-changing nature of the business environment and technological advancement has brought about a revolutionary change in the designing, production and reporting processes of the organizations. Expectation from accounting in terms of extent and scope of information has also changed. This has forced the organizations to replace the traditional accounting practices with management accounting practices. In this study, we have attempted to analyze the perception of the accounting professionals towards the adoption and usage of management accounting practices (MAPs) in the manufacturing industries in India. Data was collected with the help of a self-designed questionnaire, developed through an in-depth review of existing studies and discussion with accountants and auditors. Percentage analysis of data was conducted on the information collected through a four-point Likert scale. The findings of the study reveal that account professionals and managers have in general a hypothetical and operational knowledge about the benefits and adoption of conventional and contemporary management accounting practices for decision making. Professional institutions and Academic bodies should reconsider their curriculum for enabling the practitioners to gain a practical understanding of the application of these practices.
Keywords: Ever changing, technology, function, professional, hypothetical, operational.
Download PDF
