Enterprise Governance and Management Accounting from the Viewpoint of Feed Forward Control.

Main Article Content

Akira Nishimura

Abstract

In a growing market world-economy, in which the scope for financial mismanagement increases, enterprises need to strengthen their strategic risk management. Enterprise governance is not only a publicly regulated issue but also a matter of self-control, since it is closely related to conformance and performance (value creation). Therefore, enterprise governance should be studied from the viewpoint of proactive and preventive (feed forward) control rather than a reactive and reflective (feedback) viewpoint. The integrated aspects of financial and management accounting should be examined with relation to internal control and enterprise governance, although generally only corporate governance (conformance) has been discussed from the viewpoints of auditing and financial accounting, and feedback control. Management accountants in Japan should pay more attention to the establishment of feed forward management accounting and good enterprise governance.
Keywords: Internal control, enterprise governance, value creation, risk management

Article Details

How to Cite
NISHIMURA, Akira. Enterprise Governance and Management Accounting from the Viewpoint of Feed Forward Control.. Asia-Pacific Management Accounting Journal, [S.l.], v. 1, n. 1, p. 1-17, dec. 2006. ISSN 2550-1631. Available at: <http://arionline.uitm.edu.my/ojs/index.php/APMAJ/article/view/353>. Date accessed: 26 apr. 2018.
Section
Management Accounting