The Investigation of Management Accounting Tools Application by Managers of Productive Companies Listed in Tehran Stock Exchange

Abstract

The purpose of this research is to investigate the use of management accounting tools and also effectiveness of each tool. This study is a survey research and in order to collect data a reliable and valid questionnaire has been used. The result of this research showed that managers of the productive companies in Tehran stock exchange are using the following tools: budgeting, variance analysis and break-even analysis; and managers don't use enough the following tools: balance score card, business process reengineering, responsibility accounting, Target costing and activity based costing. Also the results showed that budgeting, variance analysis and break-even analysis tools have the most effectiveness for access to goals and business Process reengineering, responsibility accounting and activity based costing tools are effectiveness too. The most important obstacles of using management accounting tools are: (1) cost-benefit constraint use of management accounting tools, (2) the lack of skillful personnel considering the scientific and experimental abilities, (3) sectional and short term policies by government.

Keywords

• management accounting
• management accounting tools
• applying management accounting tools
• tehran stock exchange