The Role of Management Accounting in Enhancing Business Agility and Decision- Making

Authors

  • Dr. Varsha Agarwal

    Director, ISME, ATLAS SkillTech University, Mumbai, India

  • Dr. ParthaPratim Ghosh

    Assistant Professor, Department of Management, Siksha 'O' Anusandhan (Deemed to be University), Bhubaneswar, Odisha, India

  • Dr. UzmaTanveer Momin

    Assistant Professor, Master of Business Administration, Sathyabama Institute of Science and Technology, Chennai, Tamil Nadu, India

  • Beemkumar Nagappan

    Professor, Department of Mechanical Engineering, Faculty of Engineering and Technology, JAIN (Deemed-to-be University), Ramanagara District, Karnataka, India

  • Praney Madan

    Centre of Research Impact and Outcome, Chitkara University, Rajpura, Punjab, India

  • Ayaan Faiz

    Chitkara Centre for Research and Development, Chitkara University, Himachal Pradesh, India

  • Dr. Sapan Asthana

    Associate Professor, Maharishi School of Business Management, Maharishi University of Information Technology,Lucknow, Uttar Pradesh, India

How to Cite

Agarwal, D. V. ., Ghosh , D. P. ., Momin , D. U. ., Nagappan , B. ., Madan , P. ., Faiz , A. ., & Asthana , D. S. . (2025). The Role of Management Accounting in Enhancing Business Agility and Decision- Making. International Journal of Accounting and Economics Studies, 12(SI-1), 67-70. https://doi.org/10.14419/50zcyc46

Received date: May 15, 2025

Accepted date: May 31, 2025

Published date: August 28, 2025

DOI:

https://doi.org/10.14419/50zcyc46

Keywords:

Management Accounting; Business Agility; Decision Making; Business Language; Financial Transactions

Abstract

The modern business environment is constantly challenging and evolving at a tremendous pace and intense international competition has forced business organizations to increase the speed, quality, performance and decrease cost. All these demand timely and effective decision-making, which creates need of decision support systems and technologies. Accounting information is applied in all stages of management, such as planning, controlling, and decision making. In addition, such information is not only required by manufacturing organizations but also employed in manufacturing, merchandising, service, and nonprofit organizations. Accounting is business language. "It can employ this language to convey financial transactions and their consequences. Accounting is complete systems to gather, analyze, and convey financial data. The history of accounting is as old as money.". In initial days, the volume of transactions was small, and thus each concerned person could maintain the record of transactions for a limited span of time. Management accounting facilitates the recording and analyzing of financial information which can be employed by a firm to make itself more efficient and productive. By using simple techniques such as standard costing, marginal costing, project evaluation, and control accounting, it consistently provides financial data. However, financial statements are the sole source of information needed for making managerial decisions. Therefore, it's crucial to ensure that records are error-free. Despite some drawbacks, this approach proves to be a valuable tool for effective business management.

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How to Cite

Agarwal, D. V. ., Ghosh , D. P. ., Momin , D. U. ., Nagappan , B. ., Madan , P. ., Faiz , A. ., & Asthana , D. S. . (2025). The Role of Management Accounting in Enhancing Business Agility and Decision- Making. International Journal of Accounting and Economics Studies, 12(SI-1), 67-70. https://doi.org/10.14419/50zcyc46

Received date: May 15, 2025

Accepted date: May 31, 2025

Published date: August 28, 2025