International Journal of Research in Business Studies and Management Volume 5, Issue 4, 2018, PP 1-8 ISSN 2394-5923 (Print) & ISSN 2394-5931 (Online) International Journal of Research in Business Studies and Management V5 ● I4● 20181 Accounting for Management Practices: A Holistic Perspective in Nepalese Commercial Banks Dr. Achyut Gnawali Associate Professor, Tribhuvan University, Kathmandu, Nepal. *Corresponding Author:Achyut Gnawali,Associate Professor, Tribhuvan University, Kathmandu, Nepal. INTRODUCTION Management Accounting refers to management detail and records that furnish timely statistical and financial advice needed by controllers to make current and day to day resolutions. Management accounting involves preparing and providing timely financial and statistical information to business managers so that they can make day-to-day and short-term managerial decisions. It differs from financial accounting due to its lone intention of availing fruitful performing advice to managers. It’scharacterized by unique practices that must be grasped in order to devise a managerial accounting plan successfully. It is an essential management sub function. The function requires the recognition, assessment and addition, scrutiny and translation and effective delivery of advice. The info is in turn used by management to strategize, assess and control internal and external organizational activities and to secure proper accountability for its monetary resources (CIMA, 2005). It helps in analyzing and recording business activities for internal company use in an effect to increase efficiency and productivity. It is the process of analysis, interpretation and presentation of accounting information collected with the help of financial accounting and cost accounting, in order to assist management in the process of decision making, creation of policy and day to day operation of an organization. Thus, it is clear from the above that the management accounting is based on financial accounting and cost accounting. Baines and Langfield-Smith (2003) found a significant relationship between changes in strategy and management accounting practices. Several research studies have asserted that management accounting system plays a proactive role in the strategy management, acting as a mechanism that enables organizational strategy and contribute to organizational performance. RESEARCH O BJECTIVES The main purpose of this study is - To analyze the present management accounting practices (MAPs) in Nepalese Commercial Banks. LITERATURE R EVIEW Dimensions of Management Accounting System The empirical dimension of specific MAPs and techniques are highlighted in following section. The majority of the studies have dimensioned Management Accounting Systems to costing systems; budgeting, decision making, performance evaluation and controlling and reporting.
