Chief Editor
  • Prof. Christina Nikolova, PhD
Editorial Board
  • Prof. Christina Nikolova, PhD - UNWE
  • Prof. Elka Todorova, DSc. - UNWE
  • Prof. Maya Lambovska, DSc. - UNWE
  • Assoc. Prof. Todor Nedev, PhD - UNWE
  • Assoc. Prof. Dorina Kabakchieva, PhD - UNWE
  • Assoc. Prof. Paskal Zhelev, PhD - UNWE
Scientific Secretary
  • Assoc. Prof. Aleksandar Valkov, PhD - UNWE
  • Assist. Prof. Veselina Lyubomirova, PhD - UNWE
International Editorial Board
  • Damian Stantchev, PhD
    Edinburgh NAPIER University, UK

  • Ivaylo Vassilev, PhD
    University of Southampton,UK

  • Prof. Irina Kuzmina-Merlino, PhD
    Transport and Telecommunication Institute, Riga

  • Milan Zdravkovic
    University of Niš, Serbia

  • Prof. Niculae Mihaita, PhD
    Bucharest Academy of Economic Studies, Romania

  • Prof. Ricardo Jardim-Gonçalves, PhD
    UNINOVA institute, New University of Lisbon, Portugal

  • Prof. Ing. Jaroslav Belás, PhD
    Tomas Bata University in Zlín, Czech Republic

  • Prof. John Rijsman, PhD
    Tilburg University

  • Prof. Ing. Zdenek Dvorák, PhD
    University of Zilina, Slovak Republic

  • Prof. Zoran Cekerevac, PhD
    “Union – Nikola Tesla” University in Belgrade, Serbia

Relevant and Quasi-Relevant Management Accounting Information
year 2023
Issue 2

Relevant and Quasi-Relevant Management Accounting Information


This paper examines two criteria for relevance of management accounting information: the decision and the decision process. The study aims to show whether the information that is relevant to both the decision and the process of decision making (process-relevant) can lead to predictably different decisions compared to the information that is relevant to the decision but irrelevant to the decision process (process-quasi-relevant). Based on Drury (2018, p. 285) a field experiment was designed to test the hypothesis employing 352 students and PhD students. The results generally support the view that process relevance seems to be a superior to decision relevance as a qualitative characteristic of useful management accounting information. Fully rational agents would derive the same meaning, and thus the same utility, from both process-relevant information and process-quasi relevant information. Boundedly rational agents, however, as confirmed by the field experiment, derive different utility from the process-relevant information and the process-quasi-relevant information. If management accounting aims to partner managers in decision making, the focus of generating and communicating the information should be on the core driver of the better decisions, and this intuition suggests that the decision process should be a pivot for the management accounting information.

JEL: M41, D91


management accounting, behavioral accounting research (BAR), cognitive biases, uncertainty, qualitative characteristics of useful accounting information
Download YB.2023.2.04.pdf

ISSN (print): 1312-5486
ISSN (online): 2534-8949