Adoption and benefits of management accounting practices: an Australian study

This article uses a survey to identify the extent to which Australian manufacturing firms have adopted certain traditional and recently developed management accounting practices, the benefits received from those practices and the intentions to emphasize certain management accounting practices in the...

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Bibliographic Details
Published in:Management accounting research 1998-03, Vol.9 (1), p.1-19
Main Authors: Chenhall, Robert H., Langfield-Smith, Kim
Format: Article
Language:English
Subjects:
Accounting procedures
Activity based costing
Advantages
Australia
benchmarking
Benchmarks
Business accounting
Management accounting
Manufacturers
Manufacturing
performance measurement
Polls & surveys
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Summary:This article uses a survey to identify the extent to which Australian manufacturing firms have adopted certain traditional and recently developed management accounting practices, the benefits received from those practices and the intentions to emphasize certain management accounting practices in the future. The findings indicate that, overall, the rates of adoption of traditional management accounting practices were higher than recently developed techniques. However, newer techniques, such as activity-based costing, were more widely adopted than found in prior surveys. Also, the benefits obtained from traditional management accounting techniques were higher than those of newer techniques. The evidence suggests that the majority of large Australian firms have adopted a range of management accounting techniques that emphasize non-financial information, and take a more strategic focus.
ISSN:1044-5005
1096-1224
DOI:10.1006/mare.1997.0060