ADOPTION OF DIGITAL MANAGEMENT ACCOUNTING PRACTICES BY MALAYSIAN SMEs: EXAMINING THE STRATEGIC FACTORS
This study examines the relationships between management support, government support, talent availability, adherence to laws and regulations, capital availability, and digital management accounting systems in Malaysian SMEs. For this study, SMEs in Malaysia were polled using a standard questionnaire. PLS 4, a cutting-edge piece of statistical software, was used to examine the data. The results of this study show that legislative requirements and financial capacity benefit Malaysian SMEs' adoption of digital management accounting systems. These findings imply that all five factors impact how quickly Malaysian SMEs adopt digital management accounting; however, regulatory standards and financial acumen have the most significant impact. As a result, it follows that small and medium-sized businesses (SMEs) who want to use digital management accounting systems must be financially stable and compliant with all applicable laws. The findings of this study lend support to Malaysian SMEs, government organizations, and the accounting profession in their implementation of digital management accounting. The importance of funding for such activities and regulatory compliance is heavily stressed throughout the article. It also highlights the need for more research into what influences and hinders small and large enterprises in Malaysia from adopting digital management accounting.
Digital Management, Malaysian SMEs, Accounting Practices, Technology Adoption