How Can Management Accounting Contribute to Risk Management Strategies Within Organization Case Study of Small and Medium Enterprises: Evidence from Emerging Countries
Year : 2023-03-22
Faculty : Business
Author : عبدالرحمن نائل روحي هاشم /
Abstarct :
Purpose:Current study aimed at exploring the impact of management accounting in supporting risks management strategies within Small and Medium Enterprises in Jordan and GCC countries during the fiscal year 2021-2022. Theoretical framework: Competency of management accounting was chosen as the independent variable which included (Strategic Management, Professional Ethics and Values, Reporting and Control, Leadership, Technology and Analytics, Business Acumen and Operations), while the variable of risk management strategies was chosen to be the dependent variable. Design/methodology/approach:Through quantitative approach and distributing a questionnaire on (257) financial and accounting managers within Small and Medium Enterprises in Jordanand GCC countries.Findings:Based on screening the data through SPSS; results of study was able to identify and accept the main hypothesis which argued that "Management accounting competency has a statistically positive influence on risk management strategies within Small and Medium Enterprises in Jordanand GCC countries " with R= 0.877 and a variance of influence that reached 76.9%. As for sub-variables, it was seen through statistical processing that business acumen and operations and leadership were the most influential variables on risk management strategies with a high variance that indicated a statistical influence of 72% and 42.3% respectively. Research, Practical & Social implications: Study recommended developing and increasing awareness of the importance of management accounting in organizational risk management by promoting the comprehensive and integrated perspective and abandoning the individual perspective of management accounting in the organization; further recommendations were presented in the study. Originality/Value: These finding could be used as a reference for Small and Medium Enterprises in Jordan and GCC countries
Year : 2023-03-22
Faculty : Business
Author : عبدالرحمن نائل روحي هاشم /
Abstarct :
Purpose:Current study aimed at exploring the impact of management accounting in supporting risks management strategies within Small and Medium Enterprises in Jordan and GCC countries during the fiscal year 2021-2022. Theoretical framework: Competency of management accounting was chosen as the independent variable which included (Strategic Management, Professional Ethics and Values, Reporting and Control, Leadership, Technology and Analytics, Business Acumen and Operations), while the variable of risk management strategies was chosen to be the dependent variable. Design/methodology/approach:Through quantitative approach and distributing a questionnaire on (257) financial and accounting managers within Small and Medium Enterprises in Jordanand GCC countries.Findings:Based on screening the data through SPSS; results of study was able to identify and accept the main hypothesis which argued that "Management accounting competency has a statistically positive influence on risk management strategies within Small and Medium Enterprises in Jordanand GCC countries " with R= 0.877 and a variance of influence that reached 76.9%. As for sub-variables, it was seen through statistical processing that business acumen and operations and leadership were the most influential variables on risk management strategies with a high variance that indicated a statistical influence of 72% and 42.3% respectively. Research, Practical & Social implications: Study recommended developing and increasing awareness of the importance of management accounting in organizational risk management by promoting the comprehensive and integrated perspective and abandoning the individual perspective of management accounting in the organization; further recommendations were presented in the study. Originality/Value: These finding could be used as a reference for Small and Medium Enterprises in Jordan and GCC countries