Management accounting practices in Singapore.
Management accounting techniques, like annual budgeting system and standard costing, are important tools for the efficient management of many companies. They are widely used by these companies in making business decisions, evaluate performance and long term strategic planning. Our study...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/51155 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Management accounting techniques, like annual budgeting system and standard
costing, are important tools for the efficient management of many companies. They are widely
used by these companies in making business decisions, evaluate performance and long term
strategic planning.
Our study exarrunes and compares the vanous types of management accounting
practices that are being adopted by companies. It involves comparison between companies of
different sizes, MNCs vs regional/local companies, and between various industries sectors.
Results are presented to provide a better understanding on the usage of these management
tools in these various settings.
The results of this study suggest that management accounting practices In large
companies, like multi-national companies (MNCs), are generally more sophisticated than their
local/regional counterparts. Perhaps this is due their advantage in size and availability of the
necessary resources and personnel. In addition, these practices are also widely practiced in the
various industry sectors, especially in manufacturing, trading, banking & finance and
transportation. |
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