Both types of studies fit Yin’s definition (summarised above), but they use case studies in very different ways.Positive case studies present objective facts which should ultimately lead to generalisable findings, but further quantitative work is usually needed for (statistical) generalisation.
non-monetary | Information is much more monitory in nature and deals with financial figures and values | This includes both financial and non financial information relating to the business. precision | This more precision focused | This is focused on relevance | Format | This is structured and is compelled to operate on the guidelines and formats acknowledged by International Accounting Standards (IAS) | No such standards or formats are to be followed and are bespoke to the business concerned.
| Planning and control | Guides to make investment decision based on elements like credit ratings etc | This helps the management to make strategically sound decisions that are based on the various elements of cost, volume, revenue. Internal | This is focused to provide information to parties that are external to the business like investors, shareholders etc | This is internal to the business to help management, employees and other internal players to analyse the current position of the business and make the required decisions.
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Hence, such case studies should seek to be explanatory; providing ways of understanding the nature of accounting and management practices as social phenomena.
Two recent accounting case studies which clearly illustrate these differences are: The book edited by Chris Humphrey and Bill Lee B.Students will learn how to address day-to-day operations and challenges and improve a company’s financial performance. Use this case study to illustrate how focusing on community support, the environment, and operational excellence led to a successful strategy mapping implementation.Free Download Inspire your students by showing them how a shift in strategy is what Nespresso needed to achieve success and redefine the coffee industry.In accounting, and business management more generally, case studies are frequently used to understand the nature of accounting and management practices.Frequently, such studies are criticised as “not generalisable”.Hence, the case studies can only be exploratory - providing insights and propositions which could be tested through statistical analysis of large samples.In contrast, interpretive case studies are grounded in subjective understandings, which provide local explanations of the social phenomena of interest.Use them to complement your lessons and keep students engaged.Give your students valuable insights from real-life companies that they can apply in the work force. "Management Accounting in Hospitals: A Case Study." In Accounting for Social Goals: Budgeting and Analysis of Nonmarket Projects, edited by J. However, case studies are used in many different ways in the various disciplines of the social sciences, and across the humanities.