Establishing a Connection Between Management Accounting Innovations and the Changes and Performance of Organizations

Abstract

An important indicator of an organization's success is its performance, which is measured by how well it meets its goals during a certain time frame, usually evaluated once a year. Several variables, like as management accounting and organisational change, may impact it, and it represents how well or poorly a company has achieved its aims. In order to accomplish success in the face of high environmental uncertainty, firm management must undertake organisational modifications and adjustments to managerial accounting processes. This research delves into the complex web of connections between performance, organisational transformation, and new developments in accounting for organisations. This study has a dual purpose: first, to examine managed accounting's impact on organisational performance; and second, to assess that impact.

The study integrates quantitative and qualitative analyses to provide comprehensive insights. Primary data was collected through surveys and questionnaires administered to 50 respondents from five selected organizations, representing diverse industries. Secondary data, including organizational records, annual reports, and literature reviews, supplemented the primary findings. According to the findings, management accounting techniques have a substantial impact on organisational performance via better allocation of resources, handling of risks, and efficient operations. In addition, organisations may better adapt their plans to meet the ever- changing needs of the market by using modern management accounting procedures. Organisations aiming for sustained development and adaptation in competitive situations may get practical insights from the results, which highlight the dual function of accounting for business as an evolutionary catalyst as well as success driver.