Is standard costing obsolete? Empirical evidence from Malaysia

Purpose – Many authors have predicted that the shorter product life cycles, advanced manufacturing technologies, decreasing emphasis on labour in the production process, and global competition may lead to the demise of standard costing. This exploratory study aims to provide empirical evidence on th...

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Main Authors:	Sulaiman, Maliah, Nik Ahmad, Nik Nazli, Mohd Alwi, Norhayati
Format:	Article
Language:	English English
Published:	Emerald Group Publishing Limited 2005
Subjects:	HF5601 Accounting. Bookkeeping
Online Access:	http://irep.iium.edu.my/59264/ http://irep.iium.edu.my/59264/ http://irep.iium.edu.my/59264/ http://irep.iium.edu.my/59264/1/Is_standard_costing_obsolete_Empirical_e.pdf http://irep.iium.edu.my/59264/7/59264-Is%20standard%20costing%20obsolete_SCOPUS.pdf

id	iium-59264
recordtype	eprints
spelling	iium-592642017-11-14T02:24:06Z http://irep.iium.edu.my/59264/ Is standard costing obsolete? Empirical evidence from Malaysia Sulaiman, Maliah Nik Ahmad, Nik Nazli Mohd Alwi, Norhayati HF5601 Accounting. Bookkeeping Purpose – Many authors have predicted that the shorter product life cycles, advanced manufacturing technologies, decreasing emphasis on labour in the production process, and global competition may lead to the demise of standard costing. This exploratory study aims to provide empirical evidence on the extent to which companies in Malaysia use standard costing. It also examines the differences in the use of such techniques between local Malaysian ﬁrms and Japanese afﬁliates. Design/methodology/approach – From the industrial and consumer products sectors listed on the Kuala Lumpur Stock Exchange and 21 Japanese afﬁliates in Malaysia, 66 companies were surveyed. Findings – Despite its various criticisms, the empirical ﬁndings suggest that standard costing is still being used by a large majority of ﬁrms in Malaysia. Thus, Malaysian companies (both Japanese and local) perceive that the basic principles of standard costing remain sound. Research limitations/implications – While the empirical results may be interesting, the ﬁndings represent an exploratory area of research which ultimately needs to be grounded in theory. To do this, future studies should undertake detailed case studies on management accounting in practice. Originality/value – Provides empirical evidence of the extent of use of standard costing in Malaysia. Emerald Group Publishing Limited 2005 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59264/1/Is_standard_costing_obsolete_Empirical_e.pdf application/pdf en http://irep.iium.edu.my/59264/7/59264-Is%20standard%20costing%20obsolete_SCOPUS.pdf Sulaiman, Maliah and Nik Ahmad, Nik Nazli and Mohd Alwi, Norhayati (2005) Is standard costing obsolete? Empirical evidence from Malaysia. Managerial Auditing Journal, 20 (2). pp. 109-124. ISSN 0268-6902 http://www.emeraldinsight.com/doi/full/10.1108/02686900510574539 10.1108/02686900510574539
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HF5601 Accounting. Bookkeeping
spellingShingle	HF5601 Accounting. Bookkeeping Sulaiman, Maliah Nik Ahmad, Nik Nazli Mohd Alwi, Norhayati Is standard costing obsolete? Empirical evidence from Malaysia
description	Purpose – Many authors have predicted that the shorter product life cycles, advanced manufacturing technologies, decreasing emphasis on labour in the production process, and global competition may lead to the demise of standard costing. This exploratory study aims to provide empirical evidence on the extent to which companies in Malaysia use standard costing. It also examines the differences in the use of such techniques between local Malaysian ﬁrms and Japanese afﬁliates. Design/methodology/approach – From the industrial and consumer products sectors listed on the Kuala Lumpur Stock Exchange and 21 Japanese afﬁliates in Malaysia, 66 companies were surveyed. Findings – Despite its various criticisms, the empirical ﬁndings suggest that standard costing is still being used by a large majority of ﬁrms in Malaysia. Thus, Malaysian companies (both Japanese and local) perceive that the basic principles of standard costing remain sound. Research limitations/implications – While the empirical results may be interesting, the ﬁndings represent an exploratory area of research which ultimately needs to be grounded in theory. To do this, future studies should undertake detailed case studies on management accounting in practice. Originality/value – Provides empirical evidence of the extent of use of standard costing in Malaysia.
format	Article
author	Sulaiman, Maliah Nik Ahmad, Nik Nazli Mohd Alwi, Norhayati
author_facet	Sulaiman, Maliah Nik Ahmad, Nik Nazli Mohd Alwi, Norhayati
author_sort	Sulaiman, Maliah
title	Is standard costing obsolete? Empirical evidence from Malaysia
title_short	Is standard costing obsolete? Empirical evidence from Malaysia
title_full	Is standard costing obsolete? Empirical evidence from Malaysia
title_fullStr	Is standard costing obsolete? Empirical evidence from Malaysia
title_full_unstemmed	Is standard costing obsolete? Empirical evidence from Malaysia
title_sort	is standard costing obsolete? empirical evidence from malaysia
publisher	Emerald Group Publishing Limited
publishDate	2005
url	http://irep.iium.edu.my/59264/ http://irep.iium.edu.my/59264/ http://irep.iium.edu.my/59264/ http://irep.iium.edu.my/59264/1/Is_standard_costing_obsolete_Empirical_e.pdf http://irep.iium.edu.my/59264/7/59264-Is%20standard%20costing%20obsolete_SCOPUS.pdf
first_indexed	2023-09-18T21:23:56Z
last_indexed	2023-09-18T21:23:56Z
_version_	1777412065564033024

Is standard costing obsolete? Empirical evidence from Malaysia

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