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MANAGEMENT CONTROL IN A BUSINESS NETWORK: NEW CHALLENGES FOR ACCOUNTING
BY DR. ROLAND BARDY
Adjunct Professor, Fachhochschule Worms, Germany; Adjunct Instructor, Goizueta Business School, Emory University, USA; Director (Retired) of BASF Aktiengesellschaft, Ludwigshafen, Germany.
e-mail: rbardy@t–online.de, Tel. + 49 621 41 61 76
INTRODUCTION
Modern enterprises thrive on connectivity. In an environment of highly interconnected business we must look at management accounting as an activity that provides concepts to coordinate partially independent management systems as well as highly interdependent systems. There is a mutual influence between accounting and organisation. Horngren et al. have shown that management accounting is an instrument to influence the behavior of managers in a way that it enhances the attainment of organisational objectives (Horngren, Bhimani, Foster and Datar, 2005).
So, management accounting apparently has to be customised, the need for which has been......

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Approximate Word Count: 9636
Approximate Pages: 39 (250 words per double-spaced page)

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