Characteristics of management accounting in small and medium-sized enterprises. Case: Rantalinna Oy
Wiedemann, Daniela (2014)
Wiedemann, Daniela
Saimaan ammattikorkeakoulu
2014
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2014122320667
https://urn.fi/URN:NBN:fi:amk-2014122320667
Tiivistelmä
Small and medium-sized enterprises (SME) are more prone to failures than large organisations. Together with the dynamic times and complexity of business environment, management accounting as a decision support system that serves the management becomes increasingly important. The purpose of this study was to examine what management accounting in SMEs looks like. A goal was to analyse whether SMEs actually use management accounting and to which extent they apply it.
The information for the theoretical research was mainly gathered from academic books, scientific research papers and business journals. Some current figures were also collected from the Internet. The empirical part was a case study where qualitative research methods were being used to conduct a semi-structured interview with the hotel and restaurant manager of Rantalinna Oy.
The result of this study was that due to specific characteristics of SMEs they generally use management accounting to a smaller extent than large companies do and management accounting instruments are not as well developed. Rantalinna Oy in particular faces difficulties in applying operative instruments such as budgeting or variance analysis and mainly uses insufficiently developed strategic instruments.
The information for the theoretical research was mainly gathered from academic books, scientific research papers and business journals. Some current figures were also collected from the Internet. The empirical part was a case study where qualitative research methods were being used to conduct a semi-structured interview with the hotel and restaurant manager of Rantalinna Oy.
The result of this study was that due to specific characteristics of SMEs they generally use management accounting to a smaller extent than large companies do and management accounting instruments are not as well developed. Rantalinna Oy in particular faces difficulties in applying operative instruments such as budgeting or variance analysis and mainly uses insufficiently developed strategic instruments.