Role of Accounting Information in Strategic Decision Making in Manufacturing Industries in Bangladesh

α
Md. Hafij Ullah
Md. Hafij Ullah
σ
Jamil Ahmed Khonadakar
Jamil Ahmed Khonadakar
ρ
Syeda Tamanna Fahim
Syeda Tamanna Fahim
α to ρ International Islamic University Chittagong

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Role of Accounting Information in Strategic Decision Making in Manufacturing Industries in Bangladesh

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Abstract

Accounting information is a part and parcel of today’s life which is necessary to understand the accurate financial situation of the organization and used as the basis of making strategic decisions. Since strategic decisions have long-term effect on the business and therefore it is important to analyze accounting information for making long-term strategic decisions. The present study is an endeavor to evaluate the usage of accounting information by the decision makers in practices in strategic decision areas. Five strategic decision areas such as basic strategic decision, manufac-turing decision, human resource decision, long term investment decision and marketing decision were considered for the study. The results of the study prove that there is significant relationship between accounting information and strategic decisions and strategic decisions in all the selected areas significantly depend on accounting information and it is also observed from the analysis of the opinion of the respondents that 44.44% of the respondents always use accounting information in making strategic decision in manufacturing industries in Bangladesh.

References

10 Cites in Article
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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Md. Hafij Ullah. 2014. \u201cRole of Accounting Information in Strategic Decision Making in Manufacturing Industries in Bangladesh\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 14 (GJMBR Volume 14 Issue D1): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Version of record

v1.2

Issue date

March 25, 2014

Language
en
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Accounting information is a part and parcel of today’s life which is necessary to understand the accurate financial situation of the organization and used as the basis of making strategic decisions. Since strategic decisions have long-term effect on the business and therefore it is important to analyze accounting information for making long-term strategic decisions. The present study is an endeavor to evaluate the usage of accounting information by the decision makers in practices in strategic decision areas. Five strategic decision areas such as basic strategic decision, manufac-turing decision, human resource decision, long term investment decision and marketing decision were considered for the study. The results of the study prove that there is significant relationship between accounting information and strategic decisions and strategic decisions in all the selected areas significantly depend on accounting information and it is also observed from the analysis of the opinion of the respondents that 44.44% of the respondents always use accounting information in making strategic decision in manufacturing industries in Bangladesh.

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Role of Accounting Information in Strategic Decision Making in Manufacturing Industries in Bangladesh

Md. Hafij Ullah
Md. Hafij Ullah International Islamic University Chittagong
Jamil Ahmed Khonadakar
Jamil Ahmed Khonadakar
Syeda Tamanna Fahim
Syeda Tamanna Fahim International Islamic University Chittagong

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