Management Accounting: A Tool to Achieve Entrepreneurial Goals
The IUP Journal of Accounting Research & Audit Practices, Vol. XVII, No. 4, October 2018, pp. 51-60
Posted: 17 May 2019 Last revised: 27 Jun 2019
Date Written: 2018
Since entrepreneurship is essential for economic development, the policy makers are trying to boost entrepreneurial activity across the nation. It is found that one of the main reasons for the failure of a business is lack of proper exposure to the accounting process, especially usage of management accounting. Therefore, this study has been carried out with the objective to determine the role of management accounting in achieving the entrepreneurial goals. The study uses purposive sampling method for collection of data and chi-square test to test the hypothesis. The findings reveal that management accounting information leads to effective decision making, which is crucial for achieving the entrepreneurial goals.
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