2006 Volume 14 Issue 2 Pages 29-40
This paper examines what new knowledge of managerial accounting would be provided by recent advancement of strategies. It is very important to know that the theory of strategy diversifies itself. The relationship between strategies and management accounting becomes increasingly much more complicated than before. I would like to discuss potential progress of managerial accounting research through the following 2 areas; (1) budgetary control system; (2) capital budgeting (capital investment and its economic efficiency). I try to sort out problems and assumed future possible and promising directions of management accounting research from the perspective of diversification of strategy. Then I point out that the suitable design and operation of management accounting system may differ according to the assumption of strategy.
