Title

Management accounting practices and the turnaround process

Document Type

Journal Article

Publisher

Emerald Group Publishing Limited

Faculty

Faculty of Business and Law

School

School of Business

RAS ID

17460

Comments

This article was originally published as: Haron, N., Abdul Rahman, I., & Smith, G. M. (2013). Management accounting practices and the turnaround process. Asian Review of Accounting, 21(2), 100-112. Original article available here

Abstract

Purpose - The paper aims to provide a longitudinal view of successful turnaround phases and of how management accounting practices played a significant role in improving performance in one company. Design/methodology/ approach - The company provided internal documents to cover the period of the study and permitted access to key individuals who were able to elaborate and clarify the motives which underpinned the numbers reported and the strategies employed. Findings - The success of the corporate turnaround appeared to be attributable to an effective leadership style that was able to motivate and support the employees whilst making strategic changes to the organization's capital, financial well-being and operations. Originality/value - Recognition of the key factors in the turnaround process has implications for the implementation of corporate recovery strategies elsewhere.

DOI

10.1108/ARA-01-2012-0001

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