applicationsofcontemporarymanagementaccountingtechniquesinindianindustryanempiricalstudy现代管理会

applicationsofcontemporarymanagementaccountingtechniquesinindianindustryanempiricalstudy现代管理会内容摘要：

tions’ profitability. 2. Traditional cost systems also provide inadequate information to support anizational continuous learning and improvement. The new petitive environment requires that managers and operators have timely and accurate information to help them make processes more efficient and more customer focused. Traditional standard cost/flexible cost systems prepare and issue summary financial information according to the cycle of the anization’s financial reporting process, typically monthly or every four weeks. This financial information has some serious limitations to support the anizational continuous learning and improvement. The information on variances against standards promotes a controlling not learning view. The variances are not easily understandable by frontline employees and do not promote an integrated process view of the anization. Employees need an appropriate mixture of financial and nonfinancial measurements. Japanese have developed innovative cost management systems such as Kaizen costing and pseudoprofit centers for their frontline employees to enhance their ability to develop efficient and cost effective processes. In response to these criticisms, a number of innovative management accounting techniques have been developed across a range of industries. These include activity based costing, target costing, strategic performance measurement systems, benchmarking and value chain analysis. The survey of related literature provides the systematic evidence regarding the usage of contemporary management accounting techniques in many countries. There is lack of knowledge concerning the current state of management accounting practices in developing countries like India. It is argued that due to cultural factors, Indian manufacturing panies are slow in adopting new management accounting practices. The existing literature on the subject brings home the fact that there is a need for conducting a study to examine the extent to which contemporary management accounting practices have been used in India. There is also a need to study the association between the use of contemporary management accounting techniques and financial performance. 3. This study makes a major attempt to find evidence on how widely traditional and contemporary management accounting practices have been adopted by the Indian industry. Empirical Findings of the Study: The results of the study found that the needs to ‘improve overall profitability’ and ‘cost reduction’ are the major priorities for management accounting in Indian panies. Budgeting for planning and control is the most widely used tool of management accounting. About 97% respondents use it moderately or extensively. However, findings of the study showed that current usage level for newly developed management accounting techniques is paratively more as pared surveys on Indian manufacturing firms. Results indicate that the firms using or implementing contemporary management accounting techniques such as activity based costing, activity based management, life cycle costing have greater business size vis224。 vis nonusers, except target costing. This finding is consistent with literature. Around % of respondents implementing/using activitybased costing indicated that the need to have accurate cost information for product pricing is the most important。