The System of Management Accounting Information to Support Decision Making in Business

Abstract

Strategy planning for competitive advantage and high effectiveness is always a target of every corporation. Nowadays, in times of wider and deeper international integration in the economy, along with industrialization and modernization, establishing and installing an information system which supports Vietnamese corporations in operation and decision-making has become pressing and necessary. Despite of successes in using the information system to make business decisions for a few years, Vietnamese corporations need to solve matters to improve it.

The article deals with basic theoretical matters of the information system in decision-making support and the fact of using it in Vietnam. It has also analyzed, evaluate the strengths and weaknesses of establishing an information system in business decision-making support, suggest Vietnamese corporation’s models and solutions promote the system aiming to competitiveness and effectiveness in business.