(BQ) Part 2 book "Management accounting - Feed forward and ASIAN perspectives" has contents: Asian economic growth and management accounting, implications of target costing and its international application, integrated management accounting and the analysis of cost reduction, feed forward cost accounting and strategic management, conclusion. | 6 Asian Economic Growth and Management Accounting Introduction In the middle of the 1980s, Japanese management accounting attracted worldwide attention, as did the phenomenon of Japan’s bubble economy. Japanese management accounting was considered to have contributed to the high growth rates of the Japanese economy. As a result, corporations in foreign countries began to introduce the Japanese model of management accounting in order to bring about the integration of low cost and high quality. At the same time, Japanese corporations started to transfer the management accounting system as well as production plant and technology to foreign countries in order to counteract the losses in exports which had resulted from the appreciation of the yen. Some Western scholars commented on some aspects of Japanese style management and regarded them as a ‘threatening form of social control’ or ‘organizational presser’ (see Note 10). Black and Mendenhall (1993) pointed out, from the viewpoint of different national traits, that ‘to Americans, Japanese may seem like chameleons because their behavior changes so much more radically in response to context’. However, in Europe some paid attention to the accounting system connected with the cooperation type of organizational management and were willing to accept the ‘Japanization’ of their management accounting systems in order to gain an edge in cost and quality in world markets (Oliver and Lowe, 1992). Taking this movement into consideration, Japanese corporations believed that the Asian economy would continue to grow with the support of their management accounting systems, when they were transferred to other Asian countries. Unfortunately, following the devaluation of the Thai baht, enthusiasm for the Japanese management accounting system has waned, resulting in a reduction in its transfer overseas. The Asian economic recession has now turned into a world economic problem. Therefore, some may conclude that any consideration .
