Valdymo apskaitos pokyčiai žinių ekonomikos kontekste
Changes of Management Accounting in the Context of Knowledge Economy

Summary/Abstract: Knowledge economy had formed new economic relations and global changes. Dynamic and competitive climate urges managers to perfect their skills in global orientation, strategic flexibility and quick response to changes as a prerequisite of working under ever-transforming conditions, where an organization should be in the state of continuous development, responding to new technologies, new markets, new businesses, and new people (employees and consumers). The above-mentioned business environment and information access alternates the nature of market competition as well as determines particular information demand. Quick response and flexibility could be achieved, only if decisions are based on timely and adequate information, knowledge and experience in managing the external business environment and internal capacities of an organization. The permanent accumulation of date and dissemination of it in an organization is performed by management accounting. Studies on organizational change, as a stimulus for management accounting changes, were aimed at determining volatile economic principles, which challenge changes in organizations and information demand, simultaneously considering its nature. One of the most contradictory results of those studies is the fact, that accounting systems are difficult to change, despite the influence of significant changes in operating environment putting tremendous pressure on accounting change. The scientific problem of this paper is formulated as following: Does volatile informational demand change the purpose, content and means of management accounting systems in Lithuanian organizations? The paper’s aim is to disclose the peculiarities of management accounting systems in Lithuanian organizations under conditions of knowledge economy. The first part of this paper discusses peculiarities business environment under the conditions of knowledge economy. Short review of management accounting studies and modern management accounting systems is presented in the second part. The third part reviews the results of empirical research which was performed in 2003–2004 year. The main aim of the research was to disclose the peculiarities of management accounting systems in Lithuanian organizations. Postal questioner was undertaken to collect primary data in this survey. The research population is confined to Lithuanian organizations. The survey covers a total sample of over 200 organizations. The results of the research highlight the peculiarities of management accounting methods applications. Finally, limitations of the study and implications for future research are discussed.

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