New study reveals major challenges in merging cost management and financial accounting.
The article discusses the challenge of integrating new cost management tools with traditional financial accounting. The researchers aimed to bridge the gap by exploring ways to include cost management results in financial reports. Despite various attempts, full convergence between the two fields has not been achieved. The main goal was to connect cost management and financial accounting through disclosure of cost management tool results in financial reports. Further work is needed to fully address this issue.