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Top2. Background
In recent years, several attempts have been made to positioning management accounting and control on IC sphere, which has enabled filling a gap in empirical academic literature and has provided some clarification as to how MACS contribute towards the identification, measurement and management of IC. The main issue here is that if knowledge is a resource then there exist a link between MACS and knowledge management, and this involves examining whether and how its technology can contribute in this field.
Key Terms in this Chapter
Management Accounting and Control Systems: In this chapter, MACS have been described as: means of communication, dissemination and interpretation of information that favor the interaction mechanisms essential to the creation, transmission and integration of knowledge as organizational resource.
Organizational Knowledge: The process of generating, sharing and utilizing knowledge in organizations; organizational knowledge develops from the interaction mechanisms between members of the organization.
Management Accounting and Control: A set of practices that seeks to provide information to assist organizational managers towards the attainment of organizational goals.
Knowledge Management: The process of capturing, developing, sharing, and effectively using organizational knowledge.
Management Information Systems: The structured and integrated information technology networks in the organization.
Intellectual Capital: The representation of the combined knowledge resources of the organization, which is largely the result of the use, dissemination, application and connection of knowledge within organizations.