2017 Volume 25 Issue 2 Pages 3-17
It has been argued that management accounting theories have had a relatively limited impact on practice as the practice-research gap exists in management accounting. How can we close the practice-research gap so as to apply the research outcomes to actual management situations effectively? I think management accounting must always be inextricably tied to the actual organizational environment that it is intended to serve. It suggests that lot more research should be made to get better understanding the complexity of practice in an imperfect world. After identifying three fields of research in management accounting, I propose that interactive researches should be more actively conducted. I also argue that there is an opportunity for research to explore the boundaries among the related disciplines. Finally, I adduce that it is important for management accountants to focus on ROIC(Return On Invested Capital) to create the values of operations.
