The Solutions to Enhance the Use of Management Accounting in Small and Medium Enterprises in Thai Nguyen ProvinceTruong Thi Viet Phuong*
College of Economics and Technology, Thai Nguyen University, Vietnam
- *Corresponding Author:
- Truong Thi Viet Phuong
College of Economics and Technology
Thai Nguyen University, Vietnam
E-mail: [email protected]
Received Date: November 10, 2016; Accepted Date: November 21, 2016; Published Date: November 30, 2016
Citation: Phuong TTV (2016) The Solutions to Enhance the Use of Management Accounting in Small and Medium Enterprises in Thai Nguyen Province. Bus Eco J 7: 271. doi: 10.4172/2151-6219.1000271
Copyright: © 2016 Phuong TTV. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Accounting is an important component of the management tools system of finance in the economy. Therefore, each enterprise must build its own complete accounting system, including financial accounting and management accounting for accounting to provide full information for the inspection of the manager.
In fact, the Ministry of Finance of Vietnam issued Circular No. 53/2006/TT-BTC dated June 12, 2006, guiding the application of management accounting in enterprises, but the application of management accounting in general and cost management accounting in particular in each business has its own different characteristics to suit the production process and management of the enterprise.
This study explores and assesses the actual use of management accounting of the small and medium enterprises (SMEs) in Thai Nguyen Province, identifying and analyzing the factors affecting the tendency to use management accounting in the SMEs in Thai Nguyen Province to propose the solutions to improve the management accounting role in the SMEs in Thai Nguyen Province.