Factors affecting the application of management accounting in Vietnamese enterprises

This paper aims to investigate factors affecting the application of management accounting in Vietnamese enterprises. Quantitative research was conducted and data was collected by sending questionnaires to 120 companies in the manufacturing, trading and service sectors in Vietnam.
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Factors affecting the application of management accounting in Vietnamese enterprises Uncertain Supply Chain Management 8 (2020) 403–422 Contents lists available at GrowingScience Uncertain Supply Chain Management homepage: www.GrowingScience.com/uscmFactors affecting the application of management accounting in Vietnamese enterprisesThi Tu Oanh Lea*, Thi Ngoc Buia, Thi Thu Phong Tranb and Quoc Hung Nguyenaa University of Labour and Social Affairs, Vietnamb Hanoi Open University, VietnamCHRONICLE ABSTRACT Article history: This paper aims to investigate factors affecting the application of management accounting in Received August 28, 2019 Vietnamese enterprises. Quantitative research was conducted and data was collected by Received in revised format sending questionnaires to 120 companies in the manufacturing, trading and service sectors in September 28, 2019 Vietnam. 6 factors were selected to measure the application of management accounting in Accepted October 22 2019 Available online enterprises through correlation and regression analysis. The results showed that 5 out of 6 October 22 2019 factors positively associated with the level of management accounting application; including Keywords: firm size, organizational culture, organizational structure, technology and human resources Factors operations. In particular, corporate culture has the highest impact and opinion of managers has Management accounting the lowest impact on management accounting application. Business environment has a Management accounting negative impact on management accounting application in enterprises. Based on the research application results, suggestions and recommendations are proposed for enterprises regarding application Vietnam enterprises of management accounting. The research provided an overview of management accounting application and its benefits to enterprises. Whereby, it helps managers have a better understanding of management accounting and future directions for application. Moreover, the research results will be useful for managers to identify factors influencing their management accounting practices and improve the current management process applied in organizations. © 2020 by the authors; license Growing Science, Canada.1. IntroductionRapid changes in global business environment have driven enterprises to transform towardssustainability by focusing on cost efficiency. Many studies have confirmed the benefits of managementaccounting in improving business sustainability. However, most studies focus on business enterprisessince they play an important role in the economic growth in both developing and developed countries(Mitchell & Reid, 2000). Globally, the number of business enterprises accounts for 99% of the totalorganizations. In Vietnam, enterprises account for 97.3% of the total number of organizations andcontribute to 54% of the Gross Domestic Product (GDP), and create 87% of jobs for workers. In otherwords, enterprises play a vital role in economic development in most countries. Therefore, businessenterprises have received substantial attention from researchers worldwide. In the globalizationcontext, enterprises are facing many challenges related to sustainable development, technologicalprogress, fierce market competition, changes in management and limitations of capital funding(Nandan, 2010; Ahmad, 2012; Messner, 2016). According to Senftlechner and Hiebl (2015), in orderfor enterprises to survive and maintain their sustainable development, both financial and non-financial* Corresponding authorE-mail address: oanhletu@gmail.com (T.T.O. Le)© 2020 by the authors; licensee Growing Science.doi: 10.5267/j.uscm.2019.10.003404information should be taken into consideration. As a result, management accounting is considered aneffective management tool to support managers in performing management functions because itcombines and emphasizes ...