Challenges of implementing management accounting innovations: Evidence from the field

Abstract

This study investigates the challenges of implementing innovative management accounting techniques, referred to as strategic management accounting (SMA), the interrelationship among the challenges and the impact of the challenges on SMA usage intensity. From the analysis of survey data obtained from listed manufacturing companies in Nigeria, the result supports the conclusion that SMA implementation challenges are interrelated. However, lack of top management support and low awareness/lack of knowledge are contributory to most of the implementation challenges. The challenges discouraging the intensive use of SMA are the perception that SMA implementation is unnecessary as strategy issues are already integrated in other functions within the organization, high implementation cost and problems relating to information flow between departments within the organization. The current study contributes to knowledge in the sense that it is the first (to the researchers’ knowledge) to examine specifically the interrelationship among SMA implementation challenges in the Nigerian context, thereby drawing attention to the need to consider the challenges to embracing management accounting innovations holistically. Knowledge of SMA implementation challenges could help explain the low adoption rate of SMA in developing countries. Such knowledge might be helpful in providing a robust response to the challenges of implementing management accounting innovations.

Management Accounting System for Private Universities in China

“…With the rapid growth of its information technology system, university education has accelerated to a new degree of leapfrogging development [14]. Since the late 1970s, China's economic transition has resulted in enormous sociological changes, quick scientific and technological developments, and a revolution in information and communication technologies [11]. Simultaneously, the significant reform of higher education has been happening in China since 1999 [8].…”

Challenges of Implementing Strategic Management Accounting and Innovative Culture

“…Management accounting is Strategically fundamental for every company to achieve objective strategies (Setiawan & Iskak, 2023). SMA is future-oriented, responsive to the external environment, and leads to value (Oyewo et al, 2023). This is because high school can give a significant addition by providing the relevant information needed for modern organizations to succeed (Oboh & Ajibolade, 2017).…”