Special Issue on: "Advances in Managerial and Financial Accounting, Theory and Practice: Managing the Intangible and Disclosing the Business Performance in Emerging and Traditional Markets"
Prof. Manlio Del Giudice, Link Campus University, Italy
Prof. Stefano Fontana, Sapienza University, Italy
Prof. Carlo Regoliosi, Rome Tre University, Italy
Prof. Elvira Anna Graziano, Link Campus University, Italy
Management and accounting scholars have widely focused on Managerial and Financial Accounting (MFA) as both important tools for a business, but serving different purposes (Hayes, 1977; Kaplan, 1983; Hilton, 1991). Generally, a business uses accounting to determine operational plans for the future, to review past performance and to check current business functions. Management and financial accounting have different audiences, as investors are not usually involved in the day-to-day operations of the business but are concerned about their investment, whereas managers need information quickly to be able to make daily business decisions (Bushman et al., 2004).
Managing the intangibles and disclosing the business performance of a firm with more appropriate tools has become a concrete goal for every manager and entrepreneur. This has progressively become a necessary goal, both from a voluntary and a mandatory point of view (Ittner & Larcker, 2001). Management accounting is presented internally, whereas financial accounting is meant for external stakeholders. Although financial management is of great importance to current and potential investors, management accounting is necessary for managers to control and to make current and future financial decisions. Financial accounting is precise and must adhere to Generally Accepted Accounting Principles (GAAP), but management accounting is often more of a guess or estimate since most managers do not have time for exact numbers when a decision needs to be made. The great difference between the tools and systems necessary to support either managerial or financial accounting is achieving a progressively wider consensus within the scientific community of management, accounting and finance. (Guilding et al., 2000; Del Giudice & Straub, 2011; Deegan, 2013).
This special issue aims at answering several research questions:
- How may entrepreneurs and managers administrate the gap between managerial and financial accounting for any corporate governance purpose?
- In which way may different firm's intangibles (e.g. intellectual capital, knowledge, know how, etc.) have a direct or an indirect effect on MFA practices?
- How may MFA best practices have an effect on the decision making process?
- Under which conditions may corporate governance and MFA operations have a mutual effect?
- How may MFA systems and tools impact on business performance?
- Which management tools and accounting systems are likely to be the best choice for managers and entrepreneurs in order to evaluate and measure the economic assessment of tangible and intangible assets within the firms?
The issue will carry revised and substantially extended versions of selected papers presented at EuroMed 2016, but we are also strongly encouraging researchers unable to participate in the conference to submit articles for this call.
Suitable topics include, but are not limited to, the following:
- Strategic and business outcomes of intellectual capital and intangibles management
- Knowledge management systems and MFA
- Effects of MFA practices on the strategic management process
- Emerging networking tools (social media, etc.) and their impact on MFA
- MFA best practices and decision making processes
- IAS-IFRS, GAAP and MFA practices and operations
- Social report and management control systems
- Firm's performance evaluation of tangible and intangible assets
- Management control systems and emerging financial markets
- Effects on business performance of corporate and voluntary disclosure
- MFA practices in emerging and traditional markets (financial markets, industrial markets, etc.)
Notes for Prospective Authors
Submitted papers should not have been previously published nor be currently under consideration for publication elsewhere. (N.B. Conference papers may only be submitted if the paper has been completely re-written and if appropriate written permissions have been obtained from any copyright holders of the original paper).
All papers are refereed through a peer review process.
All papers must be submitted online. To submit a paper, please read our Submitting articles page.
Submission of Manuscripts: 30 April, 2017
Bushman, R., Chen, Q., Engel, E., & Smith, A. (2004). Financial accounting information, organizational complexity and corporate governance systems, Journal of Accounting and Economics, 37(2), 167-201
Deegan, C. (2013). Financial accounting theory. McGraw-Hill Education Australia
Del Giudice, M., & Straub, D. (2011). IT and entrepreneurism: an on-again, off-again love affair or a marriage? MIS Quarterly, 35(4), 3-11
Guilding, C., Cravens, K. S., & Tayles, M. (2000). An international comparison of strategic management accounting practices. Management Accounting Research, 11(1), 113-135.
Hayes, D. C. (1977). The contingency theory of managerial accounting. Accounting review, 22-39
Hilton, R. W. (1991). Managerial accounting. New York: McGraw-Hill
Ittner, C. D., & Larcker, D. F. (2001). Assessing empirical research in managerial accounting: a value-based management perspective. Journal of accounting and economics, 32(1), 349-410.
Kaplan, R. S. (1983). Measuring manufacturing performance: a new challenge for managerial accounting research (pp. 284-306). Springer US