Research and Apply ABC Accounting Method in Practice: The Case of Manufacturing Company in Vietnam

Abstract

The study was conducted for the purpose of giving some recommendation for the businesses that want to apply ABC accounting method in practice. Data were collected from managers at 162 manufacturing companies in VietNam. Basing on quantitative research method, the study determines the capability of successfully apply the ABC accounting method is influenced by six factors: business strategy of the business; Financial resources of the business; Human resource level; Business characteristics of the business; Organization and management characteristics of the enterprise; Corporate culture. Through findings, some recommendations are given for improving the ability to successfully apply the ABC accounting method in the future, helping VietNamese Firms to enhance their competitive advantage in the integration period.

Keywords: Accounting, cost management, manufacturing Vietnam