Factors Influencing Strategic Management Accounting Application in Small and Medium Enterprises in Hanoi

Abstract

Strategic management accounting (SMA) is a development step of traditional management accounting with a future orientation and more outward-looking information, helping to greatly support the strategic process of businesses in today's competitive economy. To promote the application of SMA in Vietnamese businesses, understanding the factors that affect the application of SMA is necessary. The research was conducted combining qualitative and quantitative research to discover and test factors that affect the application of SMA in small and medium-sized enterprises (SMEs) in Hanoi. The results show that factors such as the characteristics of the business, the capacity of managers and accountants, information technology systems, business strategies, and the level of competition in the business environment have a positive influence on SMA.