E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 6, 2023

Factors Affecting the Application of Strategic Management Accounting in Manufacturing Enterprises in Hanoi

Author(s): Nguyen Hoai Anh, Nguyen Thi Thu Phuong


In today's corporate environment, this includes not just gathering and reporting daily financial data, but also evaluating, projecting, and developing long-term financial strategy. Strategic management accounting is critical in assisting firms in developing and implementing successful long-term competitiveness and profitability plans. To successfully incorporate strategic management accounting into the management of production and business enterprises, it is required to conduct research on the influencing elements that will provide manufacturing companies with a foundation for accounting. Strategic management is actually more comprehensive; it fits practical criteria and is compatible with current trends. Using quantitative research methodologies, the essay investigates the factors influencing the use of strategic management accounting in Hanoi manufacturing businesses. The authors performed a study of 60 Hanoi industrial firms. According to survey data, five variables influence the use of strategic management accounting: (1) Enterprise size, (2) Management decentralization, (3) Business strategy, (4) Technical technology, and (5) Competition level. The authors provide ideas based on the research findings to improve the implementation of strategic management accounting in manufacturing firms.

Keywords: Strategic Management Accounting, Manufacturing Enterprises in Hanoi

Pages: 1462-1466

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