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A Study on Real-Time Accounting and Its Impact on Managerial Control

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Issue Abstract

Abstract

This study examines the concept of real-time accounting and its impact on managerial control in modern business organizations. Real-time accounting refers to the continuous recording and processing of financial transactions using advanced digital technologies, enabling instant access to accurate financial information. The study highlights how real-time accounting improves managerial decision-making by providing timely, reliable, and transparent data. It enhances managerial control by supporting effective planning, monitoring, performance evaluation, and corrective actions. The research also discusses the role of automation, cloud accounting, and integrated accounting systems in strengthening internal controls and reducing errors and fraud. The study concludes that real-time accounting significantly contributes to improved efficiency, accountability, and strategic control, thereby supporting better managerial performance in a competitive business environment.

Keywords: Impact on Managerial Control

Author Information
K. Seethalakshmi
Issue No
5
Volume No
8
Issue Publish Date
05 May 2026
Issue Pages
29-39

Issue References

References

  1. Hayati, A., Suryanto, T., & Pratama, A. (2023). The Role of Digital Tools in Transforming Management Accounting Practices. Journal of Accounting and Business Research, 15(2), 45–60.

  2. Fähndrich, J. (2022). Digitalisation and Management Control: A Literature Review. Journal of Management Control, 33(1), 5–29.

  3. Aldabbous, A., & Riyath, M. (2024). Management Accounting in the Digital Economy: Challenges and Opportunities. International Journal of Accounting and Finance, 12(3), 101–118.

  4. Granlund, M. (2011). Management Accounting and Control Systems in the Digital Age. Accounting, Organizations and Society, 36(6), 477–494.

  5. Quattrone, P. (2016). Performance Reporting and Managerial Control in Real-Time Environments. Accounting, Auditing & Accountability Journal, 29(2), 325–350.

  6. Scapens, R. W., & Jazayeri, M. (2003). ERP Systems and Management Accounting Change: Opportunities and Challenges. European Accounting Review, 12(1), 201–233.

  7. Vaivio, J., & Sirén, A. (2010). Insights into Continuous Monitoring and Managerial Control. Management Accounting Research, 21(4), 337–350.

Web Source

  1. Springer – Journal of Management Control
    https://link.springer.com/journal/11406
    Covers research on management control systems, digitalization, and accounting practices.

  2. HubiFi – Real-Time Financial Control & Accounting Solutions
    https://hubifi.com
    Explains how real-time accounting tools improve financial management, transparency, and decision-making.

  3. Google Scholar – Real-Time Accounting Research
    https://scholar.google.com

  4. ResearchGate – Digital Accounting and Managerial Control Studies
    https://www.researchgate.net.

  5. Elsevier – Management Accounting Research Journal
    https://www.sciencedirect.com/journal/management-accounting-research (sciencedirect.com in Bing)

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