Comparative Management

Question 1

Comparative Management Accounting (CMA)

Answer 1

Compares concepts and instruments of MA in different countries and cultures to identify „best
practices“, innovations and potentials for improvement.

Comparative Management Accounting provides the basis for understanding key internal
coordination and information processing activities in international companies.

Question 2

Management Accounting

Answer 2

Includes both aspects, internal accounting and financial accounting
Preparation of financial information
Control and evaluation of business activities
Addressed towards internal and external clients

Question 3

General Idea of the Value Chain

Answer 3

MA as a cross-cutting support
Identify cost savings potential
Basis for brenchmarking with competitors
Identify what should be outsourced

Question 4

Contingency Theory

Answer 4

Factors, that cannot be influenced by company
Environmental Uncertainty, National Culture, Technology

Question 5

Institutional Isomorphism Theory

Answer 5

Opposite statement from Contingency Theory
Preassure to standardize, instruments, concepts and terms in MA in different countries becoming more similar

Similarities:
1.coercion - force through law
2. imitation - comparative management system, look at other companies and learn
3. social norms - everyone need to learn the same to obtain bachelor’s degree

Question 6

Contingency Theory and Institutional Isomorphism Theory Problem:

Answer 6

They both work at the same time