A Study Of The Role Indian Accountants In Managerial Decision Making

This paper studies the extent of participation of accountants in the managerial decision making process in India. In general, accountants had the most influence over decisions relating to management information systems (MIS), financing, production, resource allocation, new product introduction and discontinuance of old products. They had the least influence over decisions relating to marketing and personnel. For some of the decision variables studied, professional experience and size of firm were significant factors affecting responses. Factor and cluster analyses identified two distinct factors/clusters: a participation factor/cluster consisting of eight of the nine participatory variables studied, and a MIS-budgeting factor/cluster consisting of usefulness of the budget, involvement in MIS decisions, and the level of top management support.