Factors Affecting to the Success of the Contemporary Management Accounting Practices in Vietnamese Enterprises

Do Huyen Trang, Le Mong Huyen  
(Faculty of Economics and Accounting, Quy Nhon University, Vietnam)

Abstract: Management accounting is increasingly becoming an important tool to support the managers in managing the business operations of the enterprises. When entering the industrial revolution 4.0, Vietnamese businesses need to explore and use the contemporary management accounting practices to provide accurate, complete and timely information to make right business decisions. Identifying the factors that affect to the success of the contemporary management accounting practices is essential for Vietnamese businesses in order to have solutions to improving their accounting information systems. The findings show that managers/owners and intermal characteristics of firms have positive influences on the success of the contemporary management accounting practices. From the results of this research, we proposed some solutions for improving the ability to successfully adopt the contemporary management accounting practices of Vietnamese enterprises.

Key words: management accounting; contemporary management accounting; Vietnamese enterprises; diffusion of innovation theory

JEL codes: M41