Expansion of Management Accounting and Practical Issues

Abstract

According to changes in the economic environment, management accounting has been extended to be useful for practical use. In such circumstances, it is necessary to reconsider the definition and framework of management accounting. First, we focus on the economic environment, the source of value creation, and the values as a change that must be expanded in management accounting. In addition, examples of expanded management accounting include BSC with strategic importance, intangible management as non-financial information, management with fixed budget, and stakeholder-oriented integrated reporting. Besides this, there are many management accounting systems expanded. For those extensions, I expect that four presenters discuss on Expansion of Management Accounting and Practical Issues. At the same time, I expect that it is an opportunity to examine the definition of management accounting and the framework of management accounting.