Revisiting Management Accounting Practice Gap: A Proposed PERAPPGAP Model

Abstract

Management accounting practice follows contingency framework characterized by factors from the
environment where the firm operates, firm specific factors, practitioners’ perception and ownermanager’s requirements. It is always critical and observes a compromised demonstration in its diffusion. This paper tries to propose a generic model named as PERAPPGAP Model to quantify the gap that exists between the perception on and application of different management accounting tools based on a semi-structured questionnaire survey. It also highlights some relationships between the gap scores and firm specific factors to bring inferential dimension and some extra merit in analysis.