IMPROVEMENT OF MANAGEMENT ACCOUNTING AND ANALYSIS BY MEANS OF DIGITAL TECHNOLOGIES

Authors

Abstract

The article includes an interpretation of the improvement of management accounting and analysis by means of advanced technologies. It is explained that advanced analytics tools and techniques are revolutionizing management accounting and analytics, enabling organizations to use large volumes of data to gain insights and make more informed decisions. Opinions of economists and institutes related to the field are presented serially, and conclusions and suggestions are formed at the end of the topic.

Keywords:

management accounting analysis decision making financial data non-financial data advanced analysis tools methods organizational performance sustainability accounting social impact environmental impact

References

AICPA, "Driving Business Performance: A Survey of Financial and Nonfinancial Metrics," 2014, p. 5

ACCA, "Professional Accountants – The Future: Drivers of Change and Future Skills," 2016, p. 6

Alnoor Bhimani and Michael Bromwich, "Management Accounting in the Digital Economy," Journal of Accounting Research, 2010, vol. 48, no. 2, pp. 390-402.

Bengt Holmström (1999) Managerial Incentive Problems: A Dynamic Perspective Get access Arrow. The Review of Economic Studies, Volume 66, Issue 1, January 1999, Pages 169–182, https://doi.org/10.1111/1467-937X.00083

CIMA, "The Future of Management Accounting: A Global Perspective," 2015, p. 6

CGMA, "The Changing Role of the CFO," 2013, p. 2

Deloitte, "Analytics Trends 2019," https://www2.deloitte.com/global/en/pages/about-deloitte/articles/analytics-trends-2019.html

IMA, "The Impact of Technology on Management Accounting," 2018, p. 4

International Federation of Accountants, 1998

Jensen, Michael C. & Ruback, Richard S., 1983. "The market for corporate control : The scientific evidence," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 5-50, April.

Kaplan, R. S. (1984). The evolution of management accounting. Accounting Review, Vol 59, No 3, pp. 390-418.

Nafziger, D., & Searcy, C. (2020). "Measuring and managing sustainability performance using management accounting and analysis: A review and research agenda." Journal of Business Ethics, 161(3), 517-536.

Nikola Kostić, Tomaz Sedej (2022) Blockchain Technology, Inter-Organizational Relationships, and Management Accounting: A Synthesis and a Research Agenda. Accounting Horizons 36 (2): 123–141.https://doi.org/10.2308/HORIZONS-19-147

PwC, "COVID-19 and management accounting," https://www.pwc.com/gx/en/services/advisory/consulting/management-accounting/covid-19-and-management-accounting.html

Scapens, R.W. (1991). Management Accounting: A Review of Contemporary Developments, London: Macmillan Education Ltd, 7-11.

Saeed, K.A. (1996). Synergy Concept and Relevance to Management Accounting. The Nigerian Accountants, 29, 26-29.

Downloads

Published

How to Cite

Jumaniyazov, I. (2023). IMPROVEMENT OF MANAGEMENT ACCOUNTING AND ANALYSIS BY MEANS OF DIGITAL TECHNOLOGIES. In Economic development and analysis. https://sci-p.uz/index.php/eitt/article/view/57