FORESIGHT ACTIVITY IN MANAGEMENT ACCOUNTING AND CONTROL: A CONTINGENCY APPROACH
Publication Date : 01/05/2018
This study aims to determine the connection of foresight activity with management accounting and control in achieving organizational goals by using a contingency approach. Contingency theory related to management accounting, control, strategy, structure and performance paradigm is a synergy between strategy and organizational structure that aims to maximize performance in response to internal and external factors. Contingency theory considers that an organization is a function of several factors that are simultaneously influenced by external environmental factors and other factors. The data was obtained from empirical studies of previous studies from 1980 to 2014. The results of empirical studies revealed that (1) empirical research on management accounting and control using a contingency approach was 236 studies. (2) the contingency approach in the foresight activity study found only 31 studies. The results of this study found that there is a relationship between foresight activity and management accounting and control. Organizational success in system design, strategy formulation, strategy implementation, strategy evaluation until improvement or change in strategy is supported by foresight activity. In addition, Foresight activity focuses on achieving long-term corporate goals.
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