FACTORS AFFECTING THE APPLYING OF MANAGEMENT ACCOUNTING IN SMALL AND MEDIUM-SIZED ENTERPRISES IN BINH DUONG PROVINCE

Abstract

Management accounting plays an important role in decision making and business running. This has been proven through many previous studies and level of application in practice. Management accounting is widely applied in many countries around the world, it is not only applied in large enterprises but also widely applied in small and medium enterprises. However, in Vietnam, the application of management accounting in small and medium enterprises is still very modest. This has also been demonstrated by much research through articles and seminars. To contribute to scientific research, this paper is carried out to determine the factors and their influence on the application of management accounting in small and medium enterprises in Binh Duong province. Qualitative and quantitative research methods are used in research to synthesize, analyze, and verify data collected from a survey of 130 selected enterprises according to random sampling. The research results show that 7 factors affect the application of management accounting in enterprises, including: The State and professional accountancy organizations (0,259), corporate culture (0,123), management policy (0,190), enterprise characteristics (0,183), level of competition (0,163), staff qualifications (0,143), and staff training (0,122). Based on the results of data analyzing, the paper suggests several recommendations to help managers promote and apply management accounting to contribute to increasing the competitiveness of small and medium enterprises in the Binh Duong province.