Computing and Library Services - delivering an inspiring information environment

A comparison of New Zealand and British product costing practices

Drury, Colin and Lamminmaki, D. (2001) A comparison of New Zealand and British product costing practices. International journal of accounting, 36 (3). pp. 329-347. ISSN 0020-7063

[img] PDF
Restricted to Registered users only

Download (120kB)


The results of a mailed survey designed to compare product-costing practices employed by
New Zealand (NZ) and United Kingdom (UK) manufacturing companies is reported. The study’s
main findings are that, when company size is removed as an explanatory factor, there appear to be
few systematic differences in the product-costing practices of the two countries, although there is a
suggestion of marginally less sophisticated product-costing practices in NZ. Widespread use of
theoretically deficient costing practices in both countries adds to the growing evidence of a time
lag between the theory and practice of management accounting. D 2001 University of Illinois. All
rights reserved.

Item Type: Article
Additional Information: UoA 35 (Accounting and Finance) © 2001 University of Illinois. All rights reserved.
Subjects: H Social Sciences > HG Finance
H Social Sciences > HF Commerce > HF5601 Accounting
Schools: The Business School
The Business School > Financial Ethics and Governance Research Group
Related URLs:

Anthony, R. N. (1989). Reminiscences about management accounting. Journal of Management Accounting
Research, 1, 1–20 (Fall).
Ask, U., & Ax, C. (1992). Trends in the development of product costing practices and techniques — a survey of
Swedish manufacturing industry. Paper presented at the 15th Annual Congress of the European Accounting
Association, Madrid.
Barfield, J. T., Raiborn, C. A., & Kinney, M. R. (1997). Cost accounting: traditions and innovations. Cincinnati,
OH: South-Western College Publishing.
Blayney, P., & Yokoyama, I. (1991). Comparative analysis of Japanese and Australian cost accounting and
management practices. Working Paper, The University of Sydney, Sydney, Australia.
Bright, J., Davies, R. E., Downes, C. A., & Sweeting, R. C. (1992). The deployment of costing techniques and
practices: a UK study. Management Accounting, 3 (3), 201–212.
Brignall, T. J., Fitzgerald, L., Johnston, R., & Silvestro, R. (1991). Product costing in service organisations.
Management Accounting Research, 2 (4), 227–248.
Bruns, W. J. Jr., & Waterhouse, J. H. (1975). Budgetary control and organization structure. Journal of Accounting
Research, 13, 177–203 (Autumn).
Choudhury, N. (1986). In search of revelance in management accounting research. Accounting and Business
Research, 16, 21–36 (Winter).
Cohen, J. R., & Paquette, L. (1991). Management accounting practices: perceptions of controllers. Journal of Cost
Management for the Manufacturing, 5, 73–83.
Cooper, R. (1990). Explicating the logic of ABC. Management Accounting, 68, 58–60 (November).
Cooper, R., & Kaplan, R. S. (1991). The design of cost management systems: text, cases and readings. Englewood
Cliffs, NJ: Prentice-Hall.
Cooper, R., & Kaplan, R. S. (1992). Activity-based systems: measuring the costs of resource usage. Accounting
Horizons, 6, 1–12 (September).
Drury, C. (1989). Activity based costing. Management Accounting (UK), 67, 60–66 (September).
Drury, C. (1992). Management and cost accounting (3rd ed.). London: Chapman & Hall.
Drury, C., Braund, S., Osborne, P., & Tayles, M. (1993). A survey of management accounting practices in UK
manufacturing companies. London, UK: Chartered Association of Certified Accountants.
Drury, C., & Tayles, M. (1994). Product costing in UK manufacturing organizations. European Accounting
Review, 3 (3), 443–469.
Drury, C., & Tayles, M. (1995). Issues arising from surveys of management accounting practice. Management
Accounting Research, 6, 267–280.
Edwards, K. A., & Emmanuel, C. R. (1990). Diverging views on the boundaries of management accounting.
Management Accounting Research, 1 (1), 551–563.
Emore, J. R., & Ness, J. A. (1991). The slow pace of meaningful changes in cost systems. Journal of Cost
Management for the Manufacturing Industry, 5, 36–45 (Winter).
Govindarajan, V., & Anthony, R. N. (1983). How firms use cost data in price decisions. Management Accounting
(USA), 65, 30–36 (July).
Green, F. B., & Amenkhienan, F. E. (1992). Accounting innovations: a cross sectional survey of manufacturing
firms. Journal of Cost Management for the Manufacturing Industry, 6 (Spring).
Horngren, C. T., Foster, G., & Datar, S. (2000). Cost accounting: a managerial emphasis (10th ed.). Englewood
Cliffs, NJ: Prentice-Hall.
Johnson, H. T., & Kaplan, R. S. (1987). Relevance lost: the rise and fall of management accounting. Boston, MA:
Harvard Business School Press.
Joye, M. P., & Blayney, P. J. (1990). Cost and management accounting practice in Australian manufacturing
companies: survey results. Monograph No. 7, University of Sydney, Sydney, NSW.
Kaplan, R. S. (1984). Yesterday’s accounting undermines production. Harvard Business Review, 62, 95–101
Kaplan, R. S. (1985). Accounting lag: the obsolescence of cost accounting systems. In: K. Clark, & C. Lorenze
(Eds.), Technology and productivity: the uneasy alliance ( pp. 195–226). Boston, MA: Harvard Business
School Press.
Kaplan, R. S. (1988). Relevance regained. Management Accounting (UK), 66, 38–42 (September).
Kaplan, R. S. (1990). Contribution margin analysis: no longer relevant. Journal of Management Accounting
Research (USA), 2, 2–15 (Fall).
Kim, I., & Song, J. (1990). US, Korea, and Japan: accounting practices in three countries. Management Accounting
(US), 72, 26–30 (August).
Merchant, K. A. (1981). The design of the corporate budgeting system: influences on managerial behavior and
performance. Accounting Review, 56, 813–829 (October).
Mills, R. W. (1988). Pricing decisions in UK manufacturing and service companies. Management Accounting
(UK), 66, 38–39 (November).
Otley, D. T. (1985). Developments in management accounting research. Management Accounting (UK), 63,
37–42 (September)
Piper, J. A., & Walley, P. (1991). ABC relevance not found. Management Accounting, 54, 42– 44 (March).
Rayburn, L. G. (1993). Cost accounting: using a cost management approach. Homewood, IL: Irwin.
Scapens, R. W. (1985). Management accounting: a review of contemporary developments. Basingstoke,
UK: Macmillan.
Shank, J. K., & Govindarajan, V. (1988). The perils of cost allocation based on production volumes. Accounting
Horizons, 2, 58–62.
Spicer, B., Bowman, R., Emanuel, D., & Hunt, A. (1991). The power to manage. Auckland: Oxford
University Press.
Yoshikawa, T., Innes, J., & Mitchell, F. (1989). Japanese management accounting: a comparative survey. Management
Accounting, 67, 20–23 (November).

Depositing User: Sara Taylor
Date Deposited: 22 Feb 2007
Last Modified: 28 Jul 2010 18:19


Downloads per month over past year

Repository Staff Only: item control page

View Item View Item

University of Huddersfield, Queensgate, Huddersfield, HD1 3DH Copyright and Disclaimer All rights reserved ©