An Exploratory Study on the Factors Influencing the Adoption of Maps in the Jordanian Financial Sector

Abstract

The research aims to provide a view of the present role of management accounting, to identify the extent of usage of MAPs and finally to determine the sophistication level of MAPs by employing International Federation of Accountants model (IFAC) in the Jordanian financial sector, and finally to investigate the effect of the contingent variables upon both the extent of usage and the sophistication level of MAPs. The research reveals that traditional practices are still widespread and highly used, and that there is a diversity of practices used in the financial sector context. The research indicates that the majority of the Jordanian financial sector companies are located in the first stage by 64.1% and 29.7% of companies in the second stage based on the IFAC model, thus indicating the simplicity of information that they require. This, in turn, reflects the simplicity of practices that are used in the Jordanian financial sector.