Český finanční a účetní časopis 2019(4):57-80 | DOI: 10.18267/j.cfuc.539

Management accounting change in the Czech Republic: 1989–2019

Jaroslav Wagner, Jana Fibírová, Aneta Křehnáčová
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra manažerského účetnictví

This paper deals with management accounting change in the Czech Republic since nineties of the 20th century. The aim of the paper is to recognize key development tendencies and determining factors and to compare these findings with other CEE countries as well as Western countries. Further, management accounting systems and techniques used in Czech companies and their changes are discussed. As dominant changes, we identified addition (strategic management accounting, performance measurement and assessment, environmental management accounting and sustainability accounting) and variation (costing, planning and budgeting, cost management and cost accounting); reduction, i.e. the removal with no replacement, was not recognized. The research is based on systematic literature review on empirical literature primarily and in addition, observation and interviews serve as supplementary data collection methods.

Keywords: Management accounting; Czech Republic; Literature review
JEL classification: M41

Accepted: February 10, 2020; Prepublished online: February 10, 2020; Published: January 1, 2020  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Wagner, J., Fibírová, J., & Křehnáčová, A. (2019). Management accounting change in the Czech Republic: 1989–2019. Czech Financial and Accounting Journal, 2019(4), 57-80. doi: 10.18267/j.cfuc.539
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. ANDOR, G., MOHANTY, S. K., TOTH, T., 2015. Capital budgeting practices: A survey of Central and Eastern European firms. Emerging Markets Review. Roč. 23, s. 148-172. doi: 10.1016/j.ememar.2015.04.002. Go to original source...
    2. ALBU, N., ALBU, C. N., 2012. Factors associated with the adoption and use of management accounting techniques in developing countries: The case of Romania. Journal of International Financial Management & Accounting. Roč. 23, č. 3, s. 245-276. doi: 10.1111/jifm.12002. Go to original source...
    3. ALSHARARI, N. M., DIXON, R., YOUSSEF, M. A. E. A., 2015. Management accounting change: critical review and a new contextual framework. Journal of Accounting and Organizational Change. Roč. 11, č. 4, s. 476-502. doi: 10.1108/jaoc-05-2014-0030. Go to original source...
    4. BRANDAU, M., ENDENICH, C., LUTHER, R., TRAPP, R., 2017. Separation - integration - and now…? A historical perspective on the relationship between German management accounting and financial accounting. Accounting History. Roč. 22, č. 1, s. 67-91. doi: 10.1177/1032373216658035. Go to original source...
    5. BROM, K., ORENSTEIN, M., 1994. The privatised sector in the Czech Republic: Government and bank control in a transitional economy. Europe-Asia Studies. Roč. 46, č. 6, s. 893-928. doi: 10.1080/09668139408412209. Go to original source...
    6. BUHOVAC, A. R., GROFF, M. Z., 2012. Contemporary performance measurement systems in central and eastern Europe: a synthesis of the empirical literature. JEEMS Journal of East European Management Studies. Roč. 17, č. 1, s. 68-103. doi: 10.5771/0949-6181-2012-1-68. Go to original source...
    7. BURNS, J., SCAPENS, R. W., 2000. Conceptualizing management accounting change: an institutional framework. Management accounting research. Roč. 11, č. 1, s. 3-25. doi: 10.1006/mare.1999.0119. Go to original source...
    8. DIMAGGIO, P. J., POWELL, W. W., 1983. The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American sociological review. Roč. 48, č. 2, s. 147-160. Go to original source...
    9. DOKULIL, J., DVORSKÝ, J., POPESKO, B., 2018. Budgeting and Czech companies: connected concepts or two different worlds? Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. Roč. 44, s. 65-76.
    10. DRURY, C., 2018. Management and Cost Accounting. New Jersey: Cengage.
    11. FITZOVÁ, H., ŽÍDEK, L., 2015. Impact of trade on economic growth in the Czech and Slovak Republics. Economics and Sociology. Roč. 8, č. 2, s. 36-50. doi: 10.14254/2071-789x.2015/8-2/4. Go to original source...
    12. GRANLUND, M., LUKKA, K., 1998. It's a small world of management accounting practices. Journal of management accounting research. Roč. 10, s. 153-179.
    13. HALDMA, T., LÄÄTS, K., 2002. Contingencies influencing the management accounting practices of Estonian manufacturing companies. Management accounting research. Roč. 13, č. 4, s. 379-400. doi: 10.1006/mare.2002.0197. Go to original source...
    14. HELLSTRÖM, K., 2006. The value relevance of financial accounting information in a transition economy: The case of the Czech Republic. European accounting review. Roč. 15, č. 3, s. 325-349. doi: 10.1080/09638180600916242. Go to original source...
    15. HOPPER, T., NORTHCOTT, D., SCAPENS, R., 2007. Issues in management accounting. Pearson education.
    16. JACK, L., MUNDY, J., 2013. Routine and change: The role of management accounting and control. Journal of Accounting & Organizational Change. Roč. 9, č. 2, s. 112-118. doi: 10.1108/18325911311325924. Go to original source...
    17. JANOUT, J., 1989. Náklady a hospodárnost podniku. Praha: SNTL.
    18. JARUGA, A. A., 1990. Accounting functions in socialist countries. The British Accounting Review. Roč. 22, č. 1, s. 51-77. doi: 10.1016/0890-8389(90)90116-y. Go to original source...
    19. JOHANSSON, T., SIVERBO, S., 2009. Why is research on management accounting change not explicitly evolutionary? Taking the next step in the conceptualisation of management accounting change. Management accounting research. Roč. 20, č. 2, s. 146-162. doi: 10.1016/j.mar.2008.12.001. Go to original source...
    20. KRÁL, B., 2006. Manažerské účetnictví: vývoj ve světle změn podnikatelského prostředí a manažerských potřeb. Politická ekonomie. Roč. 2006, č. 1, s. 108-123. doi: 10.18267/j.polek.549. Go to original source...
    21. KRÁL, B., SEIDLER, J., 2012. Strategické řízení podniku a jeho informační podpora - případová studie Tepelné hospodářství Hradec Králové (formulace firemní strategie). Český finanční a účetní časopis. Roč. 2012, č. 2, s. 93-109. doi: 10.18267/j.cfuc.315. Go to original source...
    22. LUKKA, K., 2007. Management accounting change and stability: loosely coupled rules and routines in action. Management Accounting Research. Roč. 18, č. 1, s. 76-101. doi: 10.1016/j.mar.2006.06.006. Go to original source...
    23. MACCHIA, S., 2019. A review on Management Accounting Change. What's next? Economia Aziendale Online. Roč. 10, č. 1, s. 107-134.
    24. MÍSAŘOVÁ, P. P., 2012. Development of environmental management accounting and EMAS over time. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. Roč. 60, č. 4, s. 307-318. doi: 10.11118/actaun201260040307. Go to original source...
    25. MODELL, S., 2005. Triangulation between case study and survey methods in management accounting research: An assessment of validity implications. Management accounting research. Roč. 16, č. 2, s. 231-254. doi: 10.1016/j.mar.2005.03.001. Go to original source...
    26. MODELL, S., 2007. Managing accounting change. In: HOPPER, T., NORTHCOTT, D., SCAPENS, R. Issues in management accounting. Pearson education.
    27. MODELL, S., 2010. Bridging the paradigm divide in management accounting research: The role of mixed methods approaches. Management Accounting Research. Roč. 21, č. 2, s. 124-129. doi: 10.1016/j.mar.2010.02.005. Go to original source...
    28. MOILANEN, S., 2012. Learning and the loosely coupled elements of control. Journal of Accounting a Organizational Change. Roč. 8, č. 2, s. 136-159. doi: 10.1108/18325911211230344. Go to original source...
    29. MÜLLEROVÁ, L., MÜLLER, K. B., 2013. Profesní komory jako součást občanské společnosti. Český finanční a účetní časopis. Roč. 2013, č. 3, s. 20-34. doi: 10.18267/j.cfuc.349. Go to original source...
    30. NITZL, C., 2016. The use of partial least squares structural equation modelling (PLS-SEM) in management accounting research: Directions for future theory development. Journal of Accounting Literature. Roč. 37, s. 19-35. doi: 10.2139/ssrn.2469802. Go to original source...
    31. OTLEY, D., 2001. Extending the boundaries of management accounting research: developing systems for performance management. The British Accounting Review. Roč. 33, č. 3, s. 243-261. doi: 10.1006/bare.2001.0168. Go to original source...
    32. OTLEY, D., 2016. The contingency theory of management accounting and control: 1980-2014. Management accounting research. Roč. 31, s. 45-62. doi: 10.1016/j.mar.2016.02.001. Go to original source...
    33. PALADI, I., FENIES, P., 2016. Performance management in Central and Eastern European countries: a literature review. Performance Measurement and Management Control: Contemporary Issues. S. 215-271. doi: 10.1108/s1479-351220160000031008. Go to original source...
    34. PALADI, I., FENIES, P., 2018. Les spécificités du contrôle de gestion dans les pays de l'Europe centrale et orientale: une revue de la littérature. Management international/International Management/Gestiòn Internacional. Roč. 23, č. 1, s. 117-137. doi: 10.7202/1060067ar. Go to original source...
    35. PETERA, P., WAGNER, J., MENŠÍK, M., 2012. Strategic performance measurement systems implemented in the biggest Czech companies with focus on balanced scorecard-an empirical study. Journal of Competitiveness. Roč. 4, č. 4, s. 67-85. doi: 10.7441/joc.2012.04.05. Go to original source...
    36. POPESKO, B., NOVÁK, P., PAPADAKI, Š., HRABEC, D., 2015. Are the traditional budgets still prevalent: The survey of the Czech firms budgeting practices. Transformations in Business and Economics. Roč. 14, č. 3C, s. 373-388.
    37. POPESKO, B., DOKULIL, J., HRABEC, D., 2017a. How Czech firms deal with operational budgets? - Survey results. Journal of International Studies. Roč. 10, č. 2, s. 138-147. doi: 10.14254/2071-8330.2017/10-2/10. Go to original source...
    38. POPESKO, B., NOVÁK, P., DVORSKÝ, J., PAPADAKI, Š., 2017b. The maturity of a budgeting system and its influence on corporate performance. Acta Polytechnica Hungarica. Roč. 14, č. 7, s. 91-104. doi: 10.12700/APH.14.7.2017.7.6. Go to original source...
    39. PROCHÁZKA, D., 2017. The unintended consequences of accounting harmonization in a transition country: A case study of management accounting of private Czech companies. Contemporary Economics. Roč. 11, č. 4, s. 443-458. doi: 10.5709/ce.1897-9254.255. Go to original source...
    40. REŽŇÁKOVÁ, M., KARAS, M., STRNADOVÁ, M., 2017. Non-financial factors of performance: The case of mechanical engineering companies in the Czech Republic. Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration. Roč. 40, č. 24, s. 188-198.
    41. SCHROLL, R., 1995. The new accounting system in the Czech Republic. European Accounting Review. Roč. 4, č. 4, s. 827-832. doi: 10.1080/09638189500000052. Go to original source...
    42. SHAMA, A., MCMAHAN, C., 1990. Plotting the revolution. CA Magazine. Roč. 123, č. 7, s. 24-29.
    43. SMITH, D., LANGFIELD-SMITH, K., 2004. Structural equation modeling in management accounting research: critical analysis and opportunities. Journal of Accounting Literature, Roč. 23, s. 49-86.
    44. STŘÍTESKÁ, M., SVOBODA, O., 2012. Survey of performance measurement systems in Czech companies. E a M: Ekonomie a Management. Roč. 15, č. 2, s. 68-84.
    45. STŘÍTESKÁ, M., ZAPLETAL, D., JELÍNKOVÁ, L., 2016. Performance management systems in Czech companies: Findings from a questionnaire survey. E a M: Ekonomie a Management. Roč. 19, č. 4, s. 44-55. doi: 10.15240/tul/001/2016-4-004. Go to original source...
    46. SULAIMAN, S., MITCHELL, F., 2005. Utilising a typology of management accounting change: An empirical analysis. Management Accounting Research. Roč. 16, č. 4, s. 422-437. doi: doi.org/10.1016/j.mar.2005.03.004. Go to original source...
    47. SZYCHTA, A., 2002. The scope of application of management accounting methods in Polish enterprises. Management Accounting Research. Roč. 13, č. 4, s. 401-418. doi: 10.1006/mare.2002.0198. Go to original source...
    48. SZYCHTA, A., 2018. Management accounting practices in developing countries since the 1990s: the case of Poland. Zeszyty Teoretyczne Rachunkowości. Roč. 99, s. 119-148. doi: 10.5604/01.3001.0012.2936. Go to original source...
    49. ŠIŠKA, L., 2012. The influence of the balanced scorecard on the quality of information for managers' decision making. International Journal of Knowledge, Culture and Change Management. Roč. 11, č. 4, s. 107-118. doi: 10.18848/1447-9524/CGP/v11i04/50160. Go to original source...
    50. ŠIŠKA, L., 2016. The contingency factors affecting management accounting in Czech companies. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. Roč 64, č. 4, s. 1383-1392. doi: 10.11118/actaun201664041383. Go to original source...
    51. ŠIŠKA, L., 2017. Comparing CB-SEM and PLS-SEM: A case showing management accounting impact on performance. Polish Journal of Management Studies. Roč. 15, č. 2, s. 240-249. doi: 10.17512/pjms.2017.15.2.22. Go to original source...
    52. ŠKAPA, R., KLAPALOVÁ, A., 2012. Reverse logistics in Czech companies: Increasing interest in performance measurement. Management Research Review. Roč. 35, č. 8, s. 676-692. doi: 10.1108/01409171211247686. Go to original source...
    53. ŠLOSÁR, R., 2008. Dejiny účtovníctva na Slovensku. Bratislava: Iura Edition.
    54. TUČEK, D., TUČKOVÁ, Z., JELÍNKOVÁ, D., 2017. Performance measurement of energy processes in Czech production plants. FME Transactions. Roč. 45, č. 4, s. 670-677. doi: 10.5937/fmet1704670T. Go to original source...
    55. UDDIN, S., WAGNER, J., PETERA, P., POPESKO B., 2019. Management Accounting In Former Soviet Bloc Economies: A Literature Review. In: The 9th Asia-Pacific Interdisciplinary Research in Accounting. Auckland, New Zealand: Auckland University of Technology (AUT) [online]. [vid. 10. 7. 2019]. Dostupné z: <http://www.apira2019.org/programme--instructions.html>.
    56. VÁMOSI, T. S., 2000. Continuity and change; management accounting during processes of transition. Management Accounting Research. Roč. 11, č. 1, s. 27-63. doi: 10.1006/mare.1999.0122. Go to original source...
    57. VAN HELDEN, G. J., AARDEMA, H., TER BOGT, H. J., GROOT, T. L., 2010. Knowledge creation for practice in public sector management accounting by consultants and academics: Preliminary findings and directions for future research. Management Accounting Research. Roč. 21, č. 2, s. 83-94. doi: 10.1016/j.mar.2010.02.008. Go to original source...
    58. VAN HELDEN, J., UDDIN, S., 2016. Public sector management accounting in emerging economies: A literature review. Critical Perspectives on Accounting. Roč. 41, s. 34-62. doi: 10.1016/j.cpa.2016.01.001. Go to original source...
    59. VINTROVÁ, R., 2008. Česká a slovenská ekonomika 15 let po rozdělení. Politická ekonomie. Roč. 2008, č. 4, s. 449-466. doi: 10.18267/j.polek.647. Go to original source...
    60. VOLLMER, H., 2009. Management accounting as normal social science. Accounting, Organizations and Society. Roč. 34, č. 1, s. 141-150. doi: 10.1016/j.aos.2008.06.004. Go to original source...
    61. WAGNER, J., ŠOLJAKOVÁ, L., MATYÁŠ, O., 2007. Strategic performance measurement and compensation systems in the Czech Republic (empirical study). European Financial and Accounting Journal. Roč. 2, č. 3-4, s. 8-26.
    62. ZÁRYBNICKÁ ŽÁROVÁ, M., MEJZLÍK, L., 2018. Vývoj a regulace účetnictví a účetního výkaznictví po roce 1989. In: Vítek, L. a kol. Sto let financí a účetnictví na území České republiky. Praha: Oeconomica.
    63. ZYZNARSKA-DWORCZAK, B., 2018. The development perspectives of sustainable management accounting in Central and Eastern European countries. Sustainability. Roč. 10, č. 5, s. 14-45. doi: 10.3390/su10051445. Go to original source...
    64. ŽIŽLAVSKÝ, O., 2016a. Innovation performance measurement: Research into Czech business practice. Economic Research-Ekonomska Istrazivanja. Roč. 29, č. 1, s. 816-838. doi: 10.1080/1331677X.2016.1235983. Go to original source...
    65. ŽIŽLAVSKÝ, O., 2016b. The use of financial and nonfinancial measures within innovation management control: Experience and research. Economics and Sociology. Roč. 9, č. 4, s. 41-63. doi: 10.14254/2071-789X.2016/9-4/3. Go to original source...

    This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content