Outdated accounting information hindering managerial decision-making in construction firms.
The article explores how accounting information is used by managers in construction firms. It shows that managers rely on accounting information for planning and analysis, but often find it incomplete and delayed. The study suggests that accounting information plays four key roles: representation, translation, key, and perspective. These roles help managers understand and make decisions based on the financial data they receive. The study also highlights the challenges faced in using accounting information effectively, especially in diverse work environments.