Innovation in Management Accounting: The Needs of World-Class Firms

28 Pages Posted: 6 Dec 2006

See all articles by Shokrollah Khajavi

Shokrollah Khajavi

Shiraz University

Amin Nazemi

University of Tehran - School of Accounting

Date Written: 2006

Abstract

In this article, the main characteristics of world-class manufacturing will be considered. The world-class companies should use the newest and modern techniques in manufacturing. Flexibility in manufacturing, advanced information technology, programming and control, sketching and product innovation, organization structure, financial controls, bench marking, long range strategic plans, comprehensive quality management, and personnel active partnership in business operation and business process are considered as the main characteristics of world-class companies. In continuation, a model will be presented, on the basis of which, management accounting system can help these companies. In order to establish this model, activity based costing techniques, target costing, theory of constraint, balanced scorecard, and manufacturing on time by use of AHP process will used. It will conclude that companies managers, can increase their organization success in competitive conditions by combining modern methods.

Keywords: World-class manufacturing, Activity based costing, Target costing, Theory of constraint, Balanced scorecard, Just in time manufacturing, AHP process

JEL Classification: M40, M46, M47

Suggested Citation

Khajavi, Shokrollah and Nazemi, Amin, Innovation in Management Accounting: The Needs of World-Class Firms (2006). Available at SSRN: https://ssrn.com/abstract=949200 or http://dx.doi.org/10.2139/ssrn.949200

Shokrollah Khajavi (Contact Author)

Shiraz University ( email )

Eram Paradise
Shiraz 71454, Fars
Iran

Amin Nazemi

University of Tehran - School of Accounting ( email )

Al-e-Ahmad Ave.
Tehran
Iran

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