Integration of financial and management accounting systems: The mediating influence of a consistent financial language on controllership effectiveness |
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Authors: | Barbara E. Weiß enberger,Hendrik Angelkort |
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Affiliation: | Chair of Controlling and Business Accounting, Department of Business Administration and Economics, Justus Liebig University, Licher Str. 62, D-35394 Giessen, Germany |
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Abstract: | Two fundamental options exist for management accounting system (MAS) design: Either financial records can be used as a database for management accounting (integrated accounting system design), or the MAS can be based upon a separate system, i.e., a third set of books beside financial and tax accounting records. Since the 1990s, many German-speaking firms have changed from the second to the first option, which has instigated a highly controversial debate.Our paper contributes to this debate by empirically analyzing (1) whether the integration of financial and management accounting has a positive impact on controllership effectiveness, and (2) what causal inferences relate both variables. We use structural equation modelling for a sample of 149 dyads surveyed from German top 1500 firms. We identify no significant effect of the technical aspects of MAS integration, but a fully mediating influence of a consistent financial language on controllership effectiveness. Our results thus imply that consistency with financial reporting is an important property of MAS design from management's point of view. |
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Keywords: | Controllership effectiveness Integrated accounting system Financial language Structural equation modelling |
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