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The Application of Innovative Management Accounting Principles for Enhancing Profitability and Competitiveness: An Exploratory Study of Jamaican Manufacturers

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  • Phillip C. James

    (University of Technology, Jamaica,College of Business and Management,School of Business Administration)

Abstract

This study represents the first in management accounting research in Jamaica which seeks to determine the extent to which innovative management accounting principles (IMAPs) are applied in the manufacturing sector. The aim is to determine if manufacturers in Jamaica are using IMAPs to improve export competitiveness and enhance profitability .The study also seek to determine the factors that prevent manufacturers from adopting these management accounting principles. Five manufacturing organizations were examined using an exploratory case study approach. Results indicate that companies adopting IMAPs have more reliable information for decision making, higher levels of profitability and competitiveness when compared with non- adopting companies.

Suggested Citation

  • Phillip C. James, 2012. "The Application of Innovative Management Accounting Principles for Enhancing Profitability and Competitiveness: An Exploratory Study of Jamaican Manufacturers," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 2(6), pages 47-60, November.
    • Handle: RePEc:mir:mirbus:v:2:y:2012:i:6:p:47-60
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    References listed on IDEAS

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    1. Jun Z. Lin & Zengbiao Yu, 2002. "Responsibility Cost Control System in China: The Han Dan Experience," Asia Pacific Business Review, Taylor & Francis Journals, vol. 9(1), pages 59-78, October.
    2. Gerdin, Jonas, 2005. "Management accounting system design in manufacturing departments: an empirical investigation using a multiple contingencies approach," Accounting, Organizations and Society, Elsevier, vol. 30(2), pages 99-126, February.
    3. David Naranjo-Gil & Victor Maas & Frank Hartmann, 2009. "How CFOs Determine Management Accounting Innovation: An Examination of Direct and Indirect Effects," European Accounting Review, Taylor & Francis Journals, vol. 18(4), pages 667-695.
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    Cited by:

    1. Joseph Mbawuni & Anderson Ronald Anertey, 2014. "Exploring Management Accounting Practices in Emerging Telecommunication Market in Ghana," Accounting and Finance Research, Sciedu Press, vol. 3(4), pages 1-71, August.

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