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Management accounting in the new economy: from “tangible and production‐focused” to “intangible and knowledge‐driven” MAS by integrating BSC and IC

Tom Wingren (University of Vaasa, Department of Accounting and Business Finance, P.O.Box 700, 65101 Vaasa, Finland)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 August 2004

Abstract

This paper is focused on studying homogenous structure for tangible and intangible measurement systems. The aim is (1) to develop a conceptual homegenous structure for the combined tangible and intangible measurement and management system, (2) to present the connection between tangible and intangible measurement and management systems (3) to discuss the benefit of a developed system. The literature on intellectual capital (IC) advocates the use of an IC measurement system and stresses the importance of strategic planning and development. This paper describes how the structure of BSC can beutilized for both tangible and intangible measurement systems. The paper also illustrates the link between tangible and intangible systems. From the prior research a conceptual framework for the BSC‐based IC with causalities between perspectives is presented in the paper and used in the developed system. The paper is a conceptual analysis and provides a new innovative model for empirical testing.

Keywords

Citation

Wingren, T. (2004), "Management accounting in the new economy: from “tangible and production‐focused” to “intangible and knowledge‐driven” MAS by integrating BSC and IC", Managerial Finance, Vol. 30 No. 8, pp. 1-12. https://doi.org/10.1108/03074350410769191

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited