Adoption and benefits of management accounting practices: A Lebanese study

Idea: Management oriented accounting has been the latest solution towards organizations in the improvement of performance as well as increasing the profits by raising the planning, controlling and decision making elements of the organizations. This has been brought along by skills incorporated in all accounting. This brings along the interest of studying management accounting practices with a basic objective of understanding it, the benefits of adoption as well as the impacts of implementation. Data: The study will use a surveying technique of quantitative method to facilitate the study by examining the applicability of management accounting practices in Lebanese organizations. A survey will incorporate around 160 account managers' perceptions about the adoption of management accounting practices, the perceived merits, and demerits as well the barriers towards adoption. What's new? The research shows that companies and sectors of the economy that have adopted management accounting are better off in realization of profits and leadership accountability. Tools: The survey results will be analysed using SPSS software to show the readiness and willingness towards the adoption of management accounting practices. So what? The survey findings will show the advantages, disadvantages, and barriers to implementation. This will produce a comprehensive picture of the public accounting system in Lebanon and its readiness to adopt management accounting techniques and practices. Contribution: Recommendations will be formulated to facilitate a diverse adoption. The research will finally show how better off sectors that have adopted management accounting are compared to the opposite.