Management Accounting Practices In Sri Lanka: An Empirical Investigation In Banking Sector

• Author(s): HH Dedunu
• Paper ID: 1701709
• Page: 130-139
• Published Date: 21-10-2019
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 3 Issue 4 October-2019

Abstract

The purpose of this paper is to report the results of an investigation on the use of management accounting techniques among Sri Lankan banking sector.This research findings based on questionnaire survey done among 30banks in Sri Lanka. The analysis revealed that there is an enthusiasm among managers in implementing management accounting techniques in their organizations decision making process. According to the respondents response most of firms widely used net present value and internal rate of return techniques for decision making process. However, deeper analysis of data revealed that there is a lack of utilization of accounting rate of return, payback period and profitability indextechniques among the managers.The findings of the paper will provide information to the practitioners to utilizemanagement accounting techniques in their organizations and to academics to design courses for management accounting to enhance quality of management decision making process. It is important to implement the related techniques in full to realize the benefits of management accounting techniques. This paper reveals the level of use of these techniques by the banking sector managers in Sri Lanka.

Keywords

Management Accounting Techniques, Banking Sector, Sri Lanka

Citations

IRE Journals:
HH Dedunu "Management Accounting Practices In Sri Lanka: An Empirical Investigation In Banking Sector" Iconic Research And Engineering Journals Volume 3 Issue 4 2019 Page 130-139

IEEE:
HH Dedunu "Management Accounting Practices In Sri Lanka: An Empirical Investigation In Banking Sector" Iconic Research And Engineering Journals, 3(4)