Abstract:
The purpose of this paper is to explore the extent to which management accounting practices are adopted
among recent empirical evidences reported on the adoption of management accounting practices of listed
companies in Sri Lanka. This paper therefore reviews seven recent empirical studies conducted in Sri Lanka on
the adoption of management accounting practices. The review finds that nearly all studies have used survey
method except a case study. All studies reviewed have concluded that companies listed in Colombo Stock
Exchange (CSE) adopted more traditional management accounting practices at different level of adoption. The
study further observed that there are considerable differences at the level of adoption of contemporary
management accounting practices between multinational companies being operating in Sri Lanka and indigenous
companies of Sri Lanka. The deviation is due to the contextual factors such as size and origin of the organizations.
Therefore, this study suggests for future researches on management accounting practices adoption, determinants
and their effect on performance on manufacturing sectors as well as among the other sectors especially service
sector which is now growing very fast in Sri Lanka.
