The Importance and Use of Management Accounting Practices: Descriptive Study During the Covid Pandemic

DOI

10.2991/978-94-6463-076-3_39How to use a DOI?

Keywords

Management Accounting Practices; Covid Pandemic

Abstract

This study aims to describe the importance and use of management accounting practices (MAP) in consumer goods companies during the covid pandemic. In its development, MAP is divided into four phases. Phase 1 of MAP is cost determination and financial control (CDFC). Phase 2 of MAP is the provision of information for planning and control (IPC). Phase 3 of MAP is the reduction of waste in business resources (RWR). Phase 4 of MAP is value creation through effective resources (CV). This study uses a descriptive approach. The research population is consumer goods companies in Indonesia. The sampling technique was based on convenience sampling. The number of companies that filled out the e-survey was 50 companies. The results of this study show that phase 1 of MAP called CDFC is the most important MAP during the pandemic. Phase 4 of MAP or CV is the MAP that is considered the least important during the pandemic. Phase 1 of MAP (CDFC) is the most widely used MAP by companies during the pandemic. While phase 3 of MAP or RWR is the MAP that is used the least by the company during the pandemic. Interesting findings from the results of this study are first, management tends to be conservative in managing costs. Second, MAP phase 3 or RWR is considered important, but is not used by the company. This indicates that management agrees it is important, but the management accounting system does not support its implementation.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Dyna Rachmawati
AU  - Jessica Wijaya
AU  - Anjelina
PY  - 2022
DA  - 2022/12/12
TI  - The Importance and Use of Management Accounting Practices: Descriptive Study During the Covid Pandemic
BT  - Proceedings of the 4th Asia Pacific Management Research Conference (APMRC 2022)
PB  - Atlantis Press
SP  - 500
EP  - 510
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-076-3_39
DO  - 10.2991/978-94-6463-076-3_39
ID  - Rachmawati2022
ER  -