Author(s)

Qing Chang ¹, Tingting Lu ²

Affiliation(s)

¹ College of Accounting, Haojing College of Shaanxi University of Science & Technology, Xi'an, Shaanxi, China
² Engineering Experimental Monitoring Institute, Power Construction Corporation of China Northwest Survey, Design and Research Institute Co., Ltd, Xi'an, Shaanxi, China

Corresponding Author

Qing Chang

ABSTRACT

This study critically assesses the existing state of Management Accounting Systems (MAS) within private Chinese universities amidst ongoing technological and educational reforms. The introduction section provides a contextual study background, emphasizing the growing importance of MAS in the dynamic higher education landscape. The paper's objectives encompass the identification and rectification of deficiencies in MAS through a comprehensive literature review. The findings underscore a pressing need for heightened familiarity with MAS in private university settings in China, pointing to concerns such as the lack of a comprehensive strategy, limited understanding, and absence of alignment between the management accounting framework and strategic. In conclusion, immediate interventions are recommended, advocating for strategic measures like talent development and alignment with private universities' objectives to enhance MAS effectiveness. These interventions are crucial for fostering improved financial management practices within private Chinese universities, ensuring their adaptability and sustainability in an evolving educational environment, and make tangible contributions to the landscape of higher education in China.

KEYWORDS

Management Accounting Systems (MAS), Private University, Strategic Integration, Accounting Reform and Development

CITE THIS PAPER

Qing Chang, Tingting Lu, Management Accounting System for Private Universities in China. Accounting and Corporate Management (2024) Vol. 6: 72-78. DOI: http://dx.doi.org/10.23977/acccm.2024.060110.

REFERENCES

[1] Alonso-Almeida, M. del M., Marimon, F., Casani, F., & Rodriguez-Pomeda, J. (2015). Diffusion of sustainability reporting in universities: Current situation and future perspectives. Journal of Cleaner Production, 106, 144–154. https://doi.org/10.1016/j.jclepro.2014.02.008
[2] Bui, H. Q., Hoai, T. T., Tran, H. A., & Nguyen, N. P. (2023). Performance implications of the interaction between the accountants’ participation in strategic decision-making and accounting capacity. Journal of Asian Business and Economic Studies, 30(1), 67–81. Scopus. https://doi.org/10.1108/JABES-04-2022-0087
[3] Choe, J.-M. (2017). The strategic alignment of management accounting information systems, and organizational performance. Global Business and Finance Review, 22(4), 51–65. Scopus. https://doi.org/10.17549/gbfr.2017.22.4.51
[4] Ding, C. (2021). Constructing a Management System for Private Colleges and Universities in China Based on a Comparative Study of Private Colleges and Universities at Home and Abroad. Journal of Contemporary Educational Research, 5(11), Article 11. https://doi.org/10.26689/jcer.v5i11.2772
[5] Hutaibat, K., & Alhatabat, Z. (2020). Management accounting practices’ adoption in UK universities. Journal of Further and Higher Education, 44(8), 1024–1038. https://doi.org/10.1080/0309877X.2019.1643457
[6] Jin, J. (2023). Thoughts on the Application of Management Accounting in Financial Management of Colleges and Universities. International Journal of New Developments in Education, 5(11). https://doi.org/10.25236/IJNDE. 2023.051108
[7] Li, Whalley, J., Zhang, S., & Zhao, X. (2011). The Higher Educational Transformation of China and Its Global Implications: Higher Educational Transformation Of China. The World Economy, 34(4), 516–545. https://doi.org/ 10. 1111/j. 1467-9701.2011.01344.x
[8] Liu, X., Zhang, Y., Zhao, X., Hunt, S., Yan, W., & Wang, Y. (2022). The development of independent colleges and their separation from their parent public universities in China. Humanities and Social Sciences Communications, 9(1), 435. https://doi.org/10.1057/s41599-022-01433-9
[9] Liying He, Shuang Zhang, Ke Sun. (2022). The Background, Current Situation and Enlightenment of Management Accounting Research in Foreign Universities. Journal of Social Science and Humanities, 4(8). https://doi.org/ 10.53469/ jssh.2022.4(08).13
[10] Mok, K. H. (2009). The growing importance of the privateness in education: Challenges for higher education governance in China. Compare: A Journal of Comparative and International Education, 39(1), 35–49. https://doi.org/ 10. 1080/03057920801951851
[11] Oyewo, B., Tanvir Hussain, S., & Simbi, C. (2023). Challenges of implementing management accounting innovations: Evidence from the field. Prometheus, 38(4). https://doi.org/10.13169/prometheus.38.4.0399
[12] Thanh Hoai, T., & Nguyen, N. P. (2021). How does cross-functional cooperation influence organizational performance? The mediating role of management accounting systems. Cogent Business and Management, 8(1). Scopus. https://doi.org/10.1080/23311975.2021.1907011
[13] Tsamenyi, M., Noormansyah, I., & Uddin, S. (2008). Management controls in family-owned businesses (FOBs): A case study of an Indonesian family-owned University. Accounting Forum, 32(1), 62–74. https://doi.org/10. 1016/j. accfor.2006.10.001
[14] Van Der Steen, M. P. (2022). Identity work of management accountants in a merger: The construction of identity in liminal space. Management Accounting Research, 56, 100792. https://doi.org/10.1016/j.mar.2022.100792
[15] Vladimir, I. O., Natalia, A. G., & Natalia, F. K. (2021). Improving the Training of Experts in Economic Specialties in the Field of Enterprise Information Management. 11(4), 1421–1430. https://doi.org/10.47059/ REVISTAGEINTEC. V11I4.2197
[16] Zoni, L., Dossi, A., & Morelli, M. (2012). Management accounting system (MAS) change: Field evidence. Asia-Pacific Journal of Accounting & Economics, 19(1), 119–138. https://doi.org/10.1080/16081625.2012.668062
[17] Lei Z, Gong G, Wang T, & Li W. (2022). Accounting Information Quality, Financing Constraints, and Company Innovation Investment Efficiency by Big Data Analysis. Journal of Organizational and End User Computing, 34(3), 1-21.
[18] Silva A. P, & Marques R. P. (2022). The Contribution of ERP Systems to the Maturity of Internal Audits. International Journal of Information Technologies and Systems Approach, 15(1), 1-25.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics