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Emerging Issues in Management Accounting: Digital Technologies, Governance, and Sustainability

Author

Listed:
  • Farrukh Zafar

    (Department of Business and Management Studies, Nazeer Hussain University, Karachi, Pakistan)

  • Rabia Sabri

    (College of Business Management, Institute of Business Management, Karachi, Pakistan)

  • Hafiz Muhammad Ahmed Siddiqui

    (Manager ORIC, Indus University, Karachi, Pakistan)

  • Iraj Masood

    (Department of Humanities, Nazeer Hussain University, Karachi, Pakistan)

Abstract

In the context of accounting management perspectives, corporate enterprises in the 21st century are facing issues determining whether their operational practices are genuinely profitable and environmentally sustainable. Accounting practice across organizations is influenced by various interconnected activities, including managerial behavior, technical advancements, competitive dynamics, and critical stakeholder concerns about enterprise accountability. Globalization has raised the demands for accounting management and used relevant and updated technological techniques to become ecologically friendly. This indicates the need for adopting the actions and practices by the companies that translate the operational processes into processes that do not raise the cost of processing or manufacturing rather have a sustainable impact on the environment and enhance profitability or revenue generation. The rising interest in environmental and social performance has made it a statutory requirement, just like accounting in the financial aspect. Management accountants must adhere to the recent changes where several problems must be identified and resolved. The impact of the organizations' business activities can be detected by making efficient environmental management accounting. The present systematic review thus aims to study the emerging issues in management accounting while relating the debate with sustainability, governance, and digital technologies. The systematic review has chosen five research articles to explore the emerging issues and challenges in management accounting via analyzing modern era digital technologies, corporate policies, and governance as exercised by the organizations and sustainability practices. The study identifies ineffective regulatory practices, lack of knowledge and skills, and the ineffective implementation of environmental accounting as primary factors that hinder accounting sustainability.

Suggested Citation

  • Farrukh Zafar & Rabia Sabri & Hafiz Muhammad Ahmed Siddiqui & Iraj Masood, 2024. "Emerging Issues in Management Accounting: Digital Technologies, Governance, and Sustainability," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 363-371.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:1:p:363-371
    DOI: https://doi.org/10.61506/01.00214
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    References listed on IDEAS

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    1. Claudio de Araujo Wanderley & John Cullen & Mathew Tsamenyi, 2021. "Corporate political strategy: the roles of management accounting in relational work," Accounting Forum, Taylor & Francis Journals, vol. 45(2), pages 200-226, April.
    2. Haradhan Kumar MOHAJAN, 2018. "Qualitative research methodology in social sciences and related subjects," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 7(1), pages 23-48, March.
    3. Alnoor Bhimani, 2020. "Digital data and management accounting: why we need to rethink research methods," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 31(1), pages 9-23, April.
    4. Moll, Jodie & Yigitbasioglu, Ogan, 2019. "The role of internet-related technologies in shaping the work of accountants: New directions for accounting research," The British Accounting Review, Elsevier, vol. 51(6).
    5. Klaus Möller & Utz Schäffer & Frank Verbeeten, 2020. "Digitalization in management accounting and control: an editorial," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 31(1), pages 1-8, April.
    6. Dalenogare, Lucas Santos & Benitez, Guilherme Brittes & Ayala, Néstor Fabián & Frank, Alejandro Germán, 2018. "The expected contribution of Industry 4.0 technologies for industrial performance," International Journal of Production Economics, Elsevier, vol. 204(C), pages 383-394.
    7. Carol A. Tilt, 2018. "Making Social and Environmental Accounting Research Relevant in Developing Countries: A Matter of Context?," Social and Environmental Accountability Journal, Taylor & Francis Journals, vol. 38(2), pages 145-150, May.
    8. Wyness, Lynne & Dalton, Fiona, 2018. "The value of problem-based learning in learning for sustainability: Undergraduate accounting student perspectives," Journal of Accounting Education, Elsevier, vol. 45(C), pages 1-19.
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