An Exploration of The Relationship between Management Accounting and Economic Performance
DOI:
https://doi.org/10.14419/cmz6a328Keywords:
Normal New; Accounting; Economic BenefitsAbstract
Globalization and technological advancements have made firms more vulnerable in the current corporate environment. As a result, a firm's ability to maintain a competitive edge over time is highly unclear. When determining competitive advantage, one of the most important elements is "cost."The shift in our economic landscape, along with its growth and development phases, is all part of what we now call the new normal. In this context, exploring how accounting ties into economic efficiency is crucial for boosting the competitiveness of businesses, enhancing the national economy, and fostering sustainable, healthy growth. The article starts by briefly discussing the link between accounting and economic benefits in this new normal. We believe that these insights can effectively contribute to the robust growth of social economics, as they highlight the dynamic relationship between accounting practices and economic advantages.
References
- Abdel-Kader, M., & Luther, R. (2008). The impact of firm characteristics on management accounting practices: A UK-based empirical analysis. The British Accounting Review, 40(1), 2–27.
- Alexander, H., Robert, A., &Tanja, Z. (2018). Subliminal channels in high-speed signatures. Journal of Wireless Mobile Networks, Ubiquitous Computing, and Dependable Applications, 9(1), 30–53.
- Anh, V. P. G., Thihuyen, T. N., & Anh, T. L. (2025). How Is the Performance Assessment System in Small and Medium Enterprises in Manufactur-ing? Experimental Study in Vietnam. Quality-Access to Success, 26(205).
- Alkhutaba, M. (2023). Personality Patterns and Spiritual Intelligence Among Type One Diabetes Patients. International Academic Journal of Or-ganizational Behavior and Human Resource Management, 10(2), 01–10. https://doi.org/10.9756/IAJOBHRM/V10I2/IAJOBHRM1003
- Alleyne, P., & Weekes-Marshall, D. (2011). An exploratory study of management accounting practices in manufacturing companies in Barbados. International Journal of Business and Social Science, 2(9), 49–58.
- Reginald, P. J. (2025). Design of an Intelligent V2G Energy Management System with Battery-Aware Bidirectional Converter Control. National Journal of Intelligent Power Systems and Technology, 1(1), 12-20.
- Bennett, M. D., Schaltegger, S., &Zvezdov, D. (2013). Exploring corporate practices in management accounting for sustainability. ICAEW.
- Cadez, S., &Guilding, C. (2008). An exploratory investigation of an integrated contingency model of strategic management accounting. Account-ing, Organizations and Society, 33(7–8), 836–863.
- Christ, K. L., & Burritt, R. L. (2013). Environmental management accounting: The significance of contingent variables for adoption. Journal of Cleaner Production, 41, 163–173.
- Prasath, C. A. (2025). Green Hydrogen Production via Offshore Wind Electrolysis: Techno-Economic Perspectives. National Journal of Renewable Energy Systems and Innovation, 8-17.
- Cleary, P. (2009). Exploring the relationship between management accounting and structural capital in a knowledge‐intensive sector. Journal of In-tellectual Capital, 10(1), 37–52.
- Gul, F. A., & Chia, Y. M. (1994). The effects of management accounting systems perceived environmental uncertainty and decentralization on managerial performance: A test of three-way interaction. Accounting, Organizations and Society, 19(4–5), 413–426.
- KazIempoor, R., Alavinezhad, S. S., Pargari, M. M., Shakeri, Y. S., &Haghighi, M. M. (2022). A review on the application of phytogenics as feed additives for aquatic animals. International Journal of Aquatic Research and Environmental Studies, 2(2), 46–78. https://doi.org/10.70102/IJARES/V2I2/6
- Kumar, T. S. (2025). A Comparative Study of DTC and FOC Techniques in Multiphase Synchronous Reluctance Drives. National Journal of Elec-tric Drives and Control Systems, 1(1), 12-22.
- Khyade, V. B., Pawar, R. S., &Khilare, A. D. (2018). Description of Lycaenidae butterflies. International Academic Journal of Innovative Re-search, 5(2), 9–25. https://doi.org/10.9756/IAJIR/V5I1/1810012
- Koulani, S. A., &Mirabbasi, D. (2017). Application of VEPSO optimization algorithm to reactive power pricing in an electricity market. Interna-tional Academic Journal of Science and Engineering, 4(1), 95–109.
- Abdullah, D. (2025). Comparative Analysis of SIC and GAN-Based Power Converters in Renewable Energy Systems. National Journal of Electri-cal Machines & Power Conversion, 11-20.
- Lowry, J. F. (1990). Management accounting and service industries: An exploratory account of historical and current economic contexts. Abacus, 26(2), 159–184.
- Mbawuni, J., &Anertey, A. (2014). Exploring management accounting practices in emerging telecommunication market in Ghana. Accounting and Finance Research, 3(4), 71–85.
- Rahmani, Z., &Alidoust, A. R. (2018). The role of Shuras (councils) in optimized city management and enhancing civil rights in Iran. International Academic Journal of Social Sciences, 5(2), 141–152. https://doi.org/10.9756/IAJSS/V5I2/18100034
- Surendar, A. (2025). Model Predictive Control of Bidirectional Converters in Grid-Interactive Battery Systems. Transactions on Power Electronics and Renewable Energy Systems, 13-20.
- Roslender, R., & Hart, S. J. (2003). In search of strategic management accounting: Theoretical and field study perspectives. Management Account-ing Research, 14(3), 255–279.
- Abdullah, D. (2025). Redox Flow Batteries for Long-Duration Energy Storage: Challenges and Emerging Solutions. Transactions on Energy Stor-age Systems and Innovation, 1(1), 9-16.
- Teker, M. S. (2020). Antibacterial activity of cotton, wool and silk fabrics dyed
Downloads
How to Cite
Received date: May 15, 2025
Accepted date: May 31, 2025
Published date: August 28, 2025