Management Accounting Practices in the Manufacturing Business Firms in Bangladesh

Management accounting is the specialized field of accounting that is important for the people inside of an organization. Management accounting is the process of creating and using cost, quality, and time-based information to make effective decisions within the organization. This article tries to examine the status of using management accounting practices in the manufacturing business firms in Bangladesh. The sample of the study consists of 30 manufacturing companies, containing both small and medium-sized enterprises, and large manufacturing companies. Data has been collected by a structured questionnaire survey. The analysis has revealed that different firms use different management accounting practices; all firms fail to practice some newly developed techniques. It is discovered that innovative techniques of management accounting like Just-in-Time (JIT),…