Importance of Accounting Information in Management Decision-Making Process
Article Sidebar
Main Article Content
Abstract
This study aims to identify the role of accounting information in managerial decision-making in general joint-stock companies in Iraqi Kurdistan. To fulfil this study's objectives and answer its questions, the researcher investigated previous literature related to the subject of the study. Through this literature, the researcher was able to get secondary data that constituted the study's conceptual framework. As for the practical framework, the researcher used a questionnaire designed for this purpose. In addition, the researcher used the descriptive-analytical method, conducted the needed statistical analysis, and tested the study hypotheses. As a result, a quantitative research method has been applied, and the results of the statistical analysis confirmed that the contribution to making an administrative decision is necessary for rationalizing and enhancing decision–making and ensuring its effectiveness by 91.5%, which is a substantial percentage—reports based on accounting information.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
Journal of Studies in Science and Engineering is licensed under a Creative Commons Attribution License 4.0 (CC BY-4.0).
References
L. Turner, A. B. Weickgenannt, and M. K. Copeland, Accounting information systems: controls and processes. John Wiley & Sons, 2020.
E. I. Okoye and D. Gbegi, "Forensic accounting: A tool for fraud detection and prevention in the public sector.(A Study of Selected Ministries in Kogi State)," International Journal of Academic Research in Business Social Sciences, vol. 3, no. 3, pp. 1-19, 2013.
E. Butterfield, "Managerial Decision-making and Management Accounting Information," 2016.
C. Vercellis, Business intelligence: data mining and optimization for decision making. John Wiley & Sons, 2011.
R. Atkinson, L. Crawford, and S. Ward, "Fundamental uncertainties in projects and the scope of project management," International journal of project management, vol. 24, no. 8, pp. 687-698, 2006.
P. M. Collier, Accounting for managers: Interpreting accounting information for decision making. John Wiley & Sons, 2015.
H. T. Johnson, "Managing by remote control: recent management accounting practice in historical perspective," in Inside the business enterprise: Historical perspectives on the use of information: University of Chicago Press, 1991, pp. 41-70.
A. Chiarini, Lean organization: from the tools of the Toyota Production System to lean office. Springer Science & Business Media, 2012.
G. Dussault and M. C. Franceschini, "Not enough there, too many here: understanding geographical imbalances in the distribution of the health workforce," Human resources for health, vol. 4, no. 1, pp. 1-16, 2006.
M. W. Toffel, "Contracting for servicizing," Harvard Business School Technology Operations Mgt. Unit Research Paper, no. 08-063, 2008.
B. Jørgensen and M. Messner, "Management control in new product development: The dynamics of managing flexibility and efficiency," Journal of Management Accounting Research, vol. 21, no. 1, pp. 99-124, 2009.
S. S. Nissrat, "The impact of accounting information on decision making process," Socio-economic research bulletin, no. 4, pp. 120-125, 2014.
F. Matthews, "The capacity to coordinate–Whitehall, governance and the challenge of climate change," Public Policy Administration, vol. 27, no. 2, pp. 169-189, 2012.
M. Pislaru, I. V. Herghiligiu, and I.-B. Robu, "Corporate sustainable performance assessment based on fuzzy logic," Journal of cleaner production, vol. 223, pp. 998-1013, 2019.
S. Uddin, "Management Accounting Control: Contemporary Theories and Issues," 2011.
B. T. Pentland, "Information systems and organizational learning: the social epistemology of organizational knowledge systems," Accounting, Management Information Technologies, vol. 5, no. 1, pp. 1-21, 1995.
E. Dietzenbacher, B. Los, R. Stehrer, M. Timmer, and G. De Vries, "The construction of world input–output tables in the WIOD project," Economic systems research, vol. 25, no. 1, pp. 71-98, 2013.
J. J. Weygandt, P. D. Kimmel, and D. E. Kieso, Financial Accounting with International Financial Reporting Standards. John Wiley & Sons, 2018.
P. Rikhardsson and O. Yigitbasioglu, "Business intelligence & analytics in management accounting research: Status and future focus," International Journal of Accounting Information Systems, vol. 29, pp. 37-58, 2018.
F. Belfo and A. Trigo, "Accounting information systems: Tradition and future directions," Procedia Technology, vol. 9, pp. 536-546, 2013.
M. C. Kolsi and H. Al Mazroui, "The Determinants of an Accounting Information System Implementation in The Uae: A Case Study of Abu Dhabi National Oil Company (Adnoc)," 2022.
L. H. Radebaugh, S. J. Gray, and E. L. Black, International accounting and multinational enterprises. John Wiley & Sons, 2006.
E. Bonsón Ponte and T. Escobar Rodríguez, "A survey on voluntary disclosure on the internet: empirical evidence from 300 European Union companies," 2002.
D. Neogy, "Evaluation of efficiency of accounting information systems: A study on mobile telecommunication companies in Bangladesh," Global Disclosure of Economics Business, vol. 3, no. 1, 2014.
M. Rodrigue, "Contrasting realities: corporate environmental disclosure and stakeholder-released information," Accounting, Auditing Accountability Journal, 2014.
M. Hall, "Accounting information and managerial work," Accounting, Organizations Society, vol. 35, no. 3, pp. 301-315, 2010.
M. Charifzadeh and A. Taschner, Management accounting and control: tools and concepts in a Central European context. John Wiley & Sons, 2017.
R. Ball, A. Robin, and G. Sadka, "Is financial reporting shaped by equity markets or by debt markets? An international study of timeliness and conservatism," Review of accounting studies, vol. 13, no. 2, pp. 168-205, 2008.
K. Benbouali and M. A. Berberi, "The importance of introducing electronic accounting disclosure using the XBRL language in activating the Algerian stock market," 2018.
T. Jappelli and M. Pagano, "Information sharing, lending and defaults: Cross-country evidence," Journal of Banking Finance, vol. 26, no. 10, pp. 2017-2045, 2002.
Z. J. Acs and D. B. Audretsch, Innovation and small firms. Mit Press, 1990.
G. Andrienko et al., "Geovisual analytics for spatial decision support: Setting the research agenda," International journal of geographical information science, vol. 21, no. 8, pp. 839-857, 2007.
V. M. Papadakis, S. Lioukas, and D. Chambers, "Strategic decision‐making processes: the role of management and context," Strategic management journal, vol. 19, no. 2, pp. 115-147, 1998.
M. Nilsson and H. Dalkmann, "Decision making and strategic environmental assessment," Journal of Environmental Assessment Policy Management, vol. 3, no. 03, pp. 305-327, 2001.
M. Tools, "Root Cause Analysis: Tracing a problem to its origins," avaliable at: www. mindtools. com/pages/article/newTMC_80. htm, 2013.
P. A. Creed, W. Patton, and D. Bartrum, "Internal and external barriers, cognitive style, and the career development variables of focus and indecision," Journal of career development, vol. 30, no. 4, pp. 277-294, 2004.
M. Adamus and P. Markiewicz, "Psycho-Physical Factors of the Decision Making Process," Intellectual Economics, vol. 6, no. 3, pp. 365-376, 2012.