An Exploratory Study of Management Accounting Practices in Manufacturing Companies in Barbados
Philmore Alleyne, Diana Weekes-Marshall

Abstract
This paper examines the management accounting practices in three manufacturing companies within a public limited group company in Barbados. Semi-structured interviews were done with a financial controller, production/operations manager and supervisor in each company. Respondents perceived that management accounting practices enable management to obtain relevant information for meaningful decision making. Budgeting was used as a control tool within the planning process and for monitoring the cash flow. The majority of management accounting practices were widely used by the sample. No sophisticated management accounting software was used to generate information other than the normal accounting software. Timeliness, technology, effectiveness, information needs and an adoption of best practice were important factors influencing the choice of management accounting practices used. Respondents perceived that the management accounting practices employed within the three entities were very effective and contributed to the success of the entities. It was also found that the management accounting practices were consistent and standardised across the group.

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