History Of The Strategic Management Accounting Accounting Essay


This article is about the things that those learning Accounting in academic establishments should stress on in order to bring forth alumnuss who are ready for the occupation market. The content of most accounting programmes taught in schools and colleges does non authorise the pupils with cognition of the existent state of affairss that they will confront when they pattern Accounting. This paper is based on a survey carried out in assorted academic establishments and on another survey carried out among those practising Accounting. The survey found out that Accounting pedagogues emphasis a batch about utilizing sophisticated techniques to work out state of affairss, which in many instances are irrelevant to those practising Accounting. It was besides found out that Accounting instruction topographic points less accent on computerized accounting systems even though most companies are utilizing Computerized Accounting systems to pull off their histories. It is recommended that Accounting Educators should learn more about public presentation direction and strategic direction. Besides, computerized Accounting preparation should be incorporated into the course of study of Accounting Programs in third establishments to fix pupils for the occupation market since cognition in such systems is required in the occupation market. In add-on, the pedagogues and research workers from assorted subjects should join forces with those practising and carry oning research on how to better what is taught.


Academic research and text editions focused on sophisticated attacks for simplistic, economic-based theoretical accounts that had really small relation to accounting pattern ( Johnson & A ; Kaplan, 1986 ) . Harmonizing to Sunder ( 2007 ) “ The accounting course of studies of most concern schools are full of theories that have less practical relevancy ” ( p.1 ) he besides contends that “ criterions bring on a follow-the-rule-book attitude among comptrollers at the disbursal of developing their professional judgement ” ( p.1 ) there is a spread between Accounting Education and Accounting Practice that makes it hard for accounting alumnuss from third establishment to suit into the occupation market straight from school. In add-on, the course of study of the most professional organic structures that turn out professional comptrollers do non do proviso for any accounting package developing. Most Practicing Accountants have the position that the accounting course of study taught in most concern schools are outdated and have less practical relevancy


This survey is based on Johnson and Kaplan ‘s ( 1986 ) position that there is a spread between instruction and pattern in the Ghanese context. This survey investigates the relation between Accounting instruction and Accounting pattern through an empirical survey. The range of the survey on Accounting Education is the Ghanese third establishments while that for the Accounting pattern were Ghanese practicing comptrollers. This survey besides explores assorted ways of covering with this spread by agencies of a literature survey.


Harmonizing to Cable et Al ( 2007 ) There is the demand to polish accounting programmes in academic establishment “ to bridge the spread between academic survey in accounting and a calling in professional pattern, taking to present work-ready alumnuss who will help in run intoing the demands of employer and aid relieve the skill deficit in the aˆ¦ accounting profession ” ( p1 )

Modern concerns rely more and more on engineering in treating accounting information. Albrecht and Sack ( 2000 ) were right when they stated thatA ” Technology has made preparing and circulating fiscal information so cheap that anyone with the right package can bring forth basic informations ” . In the visible radiation of the above alterations, there is an pressing demand for accounting instruction to put more accent in developing the soft accomplishments. Unfortunately, accounting instruction has non kept gait with the alterations in engineering and practical accounting. Harmonizing to Albrecht and Sack ( 2000 ) “ many accounting pedagogues have failed to reconstitute accounting course of study to fit alumnuss with the tools and expertness they need in today ‘s concern universe ” . This unwillingness to alter continues to keep a large spread between accounting instruction and accounting pattern.

Harmonizing to Wally-Dima ( 2012 )

“ traditional accounting topics are really of import for a relevant accounting plan, but the plan is unequal as it does non stress other larning activities which are considered really of import for the development of an comptroller. The nucleus accomplishments identified are computing machine engineering and concern determination devising, while hazard analysis and unwritten communicating accomplishments are non adequately developed by the current plan aˆ¦ ” ( p.1 ) .

The spread between accounting instruction and accounting pattern is non merely found in Financial Accounting but besides present in Management Accounting. Harmonizing to Gary and Sorensen ( 1999 ) “ The two most critical work activities for direction comptrollers today are strategic planning and procedure betterment ; neither is taught in accounting course of study ” ( P.9 ) . They therefore call on accounting pedagogues to reconstitute their content to guarantee that they provide their alumnuss relevant direction accounting accomplishments.



Research Design and Sample program

The research was carried out in two phases by agencies of questionnaires. In the first phase, the content of the course of study of Ghanese third establishments was determined. In the 2nd phase, a study was conducted among assorted Ghanese practicing comptrollers to set up their activities. The content for the questionnaires was the same, apart from the introductory diction. This was to ease the comparing of the information. Furthermore, the questionnaires were tested among those practising Accounting and among academicians. This was to guarantee that they were apprehensible and to avoid the possibility of prejudice. The inquiries were based on a five point Likert graduated table. The degrees of cognition of those practising and pupils were indicated as follows: unsure of degree of presentation ( instruction ) and unsure of degree of cognition required ( pattern ) ; non presented ( instruction ) and no cognition required ( pattern ) ; cognition and comprehension of contents required, application of contents required and integrating of subjects with other subjects required.

The first questionnaire circulated among the public third establishments registered in Ghana registered with the Ghana instruction service. The response rate from the universities was 44 % , and that for the Polytechnics was 56 % . This figure excluded those prosecuting Masterss. Different sections in different locations completed separate questionnaires. The responses of the lectors were weighted harmonizing to the figure of pupils per establishment and their responses were viewed as the cognition of the pupils in that establishment.

The accountant houses were chosen based on the top 10 ranking of confer withing houses in Ghana. Eight houses were chosen which had a response rate of 72 % . The consequences were leaden harmonizing to the figure of comptrollers in the company who specialized in both fiscal Accounting and Management Accounting to acquire the leaden mean degree of cognition.

Statistical Analysis Technique

The median was used alternatively of the norm because the former was more representative. The U trial of Mann Whitney was designed to prove for void hypothesis of no difference between the two populations at a 5 % degree of significance. The void hypothesis was rejected in favour of the option where the P value was less than the significance ( 0.05 ) , bespeaking a important difference in the values of the populations. The p-value less than 0.01 was described as extremely important.


In this subdivision, the positions of the Accounting pedagogues and those practising Accounting were compared in the undermentioned countries: Planning and control, strategic direction, merchandise costing, quantitative techniques, divisional merchandise costing every bit good as determination devising.

Planing and Control

The overall median of Accounting Education in be aftering and control was 2.814 while the overall median of accounting pattern was 2.857. There was no important difference in the value of the populations as indicated by a p-value of 0.4583.

The maximal quartile divergences of the single subjects under planning and control were 1. This indicates the scatterings of the observations around the median. It was observed that standard costing was overemphasized while behavioural facets of accounting control were underemphasized.

Decision Making

The overall median in the determination devising subdivision for Accounting instruction was 2.375 while that of Accounting pattern was 2.333. A extremely important difference between the medians of the two populations was indicated by a p-value of 0.0052. Both the modified internal rate of return and the adjusted present value had a quartile divergence of 1.5 while the maximal quartile divergences of the other subjects were 1.

It seems that Accounting Education emphasizes on relevant costs, cost volume net income analysis and hazard and uncertainness in determination devising than Accounting Practice.

Merchandise Costing

The overall median in merchandise costing subdivision for accounting instruction was 2.982 while that of accounting pattern was 3. No important difference between the medians of the populations was indicated a p-value of 0.8358. It seems that occupation costing, procedure costing, intervention of joint merchandises, intervention of byproducts, costing of variable merchandises and costing of soaking up merchandises are overemphasized in Accounting instruction. It besides appears that stuff demands planning and fabrication resource planning are underemphasized in accounting instruction.

Divisional Performance Measurement

The overall median in the public presentation measuring subdivision for accounting instruction was 3 while that of accounting pattern was 3.2. A extremely important difference between the values of the populations was indicated by a p-value of 0.0001. This indicates that divisional public presentation measuring is emphasized more by accounting pattern than by Accounting Education.

Strategic Management Accounting

The overall median in the strategic direction accounting subdivision for Accounting Education was 2.083 while that of accounting pattern was 3.167. A extremely important difference exists between the medians of the two populations as indicated by the p-value of 0.0001. This indicates that strategic direction Accounting is emphasized more in pattern than in Accounting instruction.

Quantitative Techniques

The overall median in the quantitative techniques subdivision for Accounting Education was 2.875 while that of accounting pattern was 2. A extremely important difference between the median of the two populations is indicated by a p-value of 0.0001. The maximal quartile of the single observations around the median is 1. It appears that quantitative techniques are overemphasized in Accounting Education.


The consequences indicate that Accounting Education emphasizes more on quantitative and decision-making techniques and less on newer developments. Accounting Standards focuses on historical fiscal studies at the disbursal of Management Accounting ( Johnson & A ; Kaplan, 1986 ) . There have been important alterations in what organisations face in the countries of information, instruction and competition ( Berliner & A ; Brimson, 1988 ) . These alterations have changed what is required of an comptroller. “ Accounting leaders and practising comptrollers are stating us that accounting instruction, as presently structured, is outdated, broken, and needs to be modified significantly ” ( Albrecht and Sack, 2000 )

Both formal Accounting Education at the third establishments and professional accounting preparation have mostly neglected computerized accounting although most organisations are computerising their accounting systems.


The spread between accounting instruction and accounting pattern is still broad, so something must be done rapidly to do accounting instruction more relevant to industry.

There is a demand for accounting practicians who have been educated in the cardinal facets of information engineering and who can efficaciously and expeditiously fulfill the increasing fiscal coverage demands of modern organisations utilizing the power of information engineering.

Closer cooperation between Accounting academicians and Accounting practicians is recommended as this would contract the spread between instruction and pattern ( Lovell, 1988 ) . A partnership between writers, research workers, pedagogues and those practising Accounting is suggested ( Siegel & A ; Sorenson, 1994 ) . Accounting pedagogues are proposed to hold internships in pattern ( Hendricks, 1993 ) . It is recommended that there be a collaborative research in research workers trained in Accounting, economic sciences, behavioural scientific discipline and organisational theory which would assist interrupt from preoccupation on proficient issues ( Bhimani, 1994 ) .

Practicing comptrollers should be made to lend to syllabus design so that they can convey their experience in determining what is taught at schools. It is besides recommended that each Accounting programme should hold an consultative board composed of Practicing comptrollers, Alumni and other industry stakeholders so that they can convey their experience to bear in doing accounting course of study relevant to industry.


The survey reveals a spread between Accounting theory and Accounting pattern. Quantitative and decision-making techniques are overemphasized by accounting pedagogues. Accounting pedagogues need to pay more attending to public presentation direction and strategic direction. Accounting theory frequently emphasized on sophisticated techniques that are barely used in accounting pattern ( Johnson & A ; Kaplan, 1987 ) . Accounting pedagogues should besides carry on collaborative research with those practising Accounting and with research workers specialising in Accounting, economic sciences, behavioural scientific disciplines and organisational theory to analyze the Accounting theory and what activities accountants behavior as they pattern.