Management Accounting in Vietnamese Enterprises

There are many views of researchers on dividing the historical stages of development of management accounting, however, all views believe that management accounting includes traditional and modern management accounting techniques. The current situation of applying management accounting in Vietnamese businesses shows that businesses are mainly at a higher level of applying management accounting tools in stages 1 and 2 than other accounting tools belongs to stages 3 and 4 of the historical stages of management accounting development according to IFAC's division. In the global business environment, many large-scale enterprises with complex production and business processes have been applying modern management accounting techniques to provide effective information to managers. Among modern management accounting techniques, balanced scorecard and activity-based costing are interesting to many Vietnamese businesses. This shows that Vietnamese businesses are currently mainly using management accounting to provide information for the purpose of determining costs and controlling costs, not focusing on management accounting techniques to aim at reducing waste and effectively using resources.