Management accounting practices in Singapore.

• Main Authors: Goh, Chin Seng., Toh, Kia Wee., Yip, Marcus Chee Chuen.
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/51155
• Institution: Nanyang Technological University

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.