The Evolution and Development of Management Accounting Theories and Practices: A Review of Theoretical Frameworks

  • Dr. Confidence Iyenhen Department of Accountancy, Faculty of Management Sciences, Niger Delta University, Wilberforce Island, Bayelsa State
  • Miekpo Stanley Sabit Department of Accountancy, Faculty of Management Sciences, Niger Delta University, Wilberforce Island, Bayelsa State
DOI: https://doi.org/10.17605/OSF.IO/BX5D7
Keywords: Evolution of management accounting, management accounting theories, strategic financial management, agency theory, contingency theory, strategic management accounting

Abstract

This study tries to illustrate how management accounting concepts and practices have developed. Towards this end, we choose to read scholarly works. As part of our research, we looked into the background of management accounting and zeroed in on the development of the management control structure. To further understand the background and practical utility of management accounting, we also examined pre-existing ideas in the field. The ultimate purpose of this study is to serve as a guide for academics and students by detailing the development of management accounting theory and the practices that have led to its current status. The study does more than just describe the many management accounting theories already out there; it also analyses the major criticisms levelled against each, providing a foundation for additional study.

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Published
2023-02-09
How to Cite
Iyenhen, D. C., & Sabit, M. S. (2023). The Evolution and Development of Management Accounting Theories and Practices: A Review of Theoretical Frameworks. Central Asian Journal of Innovations on Tourism Management and Finance, 4(2), 40-54. https://doi.org/10.17605/OSF.IO/BX5D7
Issue
Vol 4 No 2 (2023): February 2023
Section
Articles

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