Management Accounting and Economic Decision Making

Authors

  • Shinki Katyayani Pandey

    Assistant Professor, Department of Management, Kalinga University, Raipur, India

  • Alpana Sharma

    Assistant Professor, Department of Management, Kalinga University, Raipur, India

How to Cite

Pandey, S. K. ., & Sharma, A. . (2025). Management Accounting and Economic Decision Making. International Journal of Accounting and Economics Studies, 12(SI-1), 1-4. https://doi.org/10.14419/8wdw1p11

Received date: May 15, 2025

Accepted date: May 31, 2025

Published date: August 28, 2025

DOI:

https://doi.org/10.14419/8wdw1p11

Keywords:

Accounting; Decision; Management

Abstract

For management at every level to truly thrive and be effective, management accounting plays a vital role. In this article, we’re diving into the world of management accounting, highlighting its strengths and limitations, and considering the exciting possibility that strategic management accounting might just be the future of the field. We’ll explore how this emerging area is gaining traction and could potentially steer the accounting profession in new directions. By examining the role of management accounting in decision-making and stressing the importance of gathering more empirical evidence on how strategic management accounting can benefit overall management, we hope to add valuable insights to the existing research. The discussions around decision-making and information usage cut across various fields, each bringing its viewpoint to the table. So, it’s understandable that we haven’t quite reached a consensus on this matter yet. Our focus here is mainly on how financial accounting data plays a crucial role in managerial decision-making. Our findings suggest that financial accounting data provides managers with a quantitative snapshot of the business, helps them grasp past events and the current state of the company, sheds light on issues that might not be apparent in daily operations, and supports them in preparing for future decisions and actions.

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How to Cite

Pandey, S. K. ., & Sharma, A. . (2025). Management Accounting and Economic Decision Making. International Journal of Accounting and Economics Studies, 12(SI-1), 1-4. https://doi.org/10.14419/8wdw1p11

Received date: May 15, 2025

Accepted date: May 31, 2025

Published date: August 28, 2025