Accounting for Achievement and its Role in Rationalizing Investment Decisions in the Industrial Sector in Sudan: A Field Study on a Sample of Industrial Establishments Operating in Sudan

Abstract

The study aimed to clarify the concept of performance accounting, assess its effectiveness in providing appropriate information to help management rationalize investment decisions, and demonstrate the importance of using performance accounting in measuring and evaluating the performance of Sudanese industrial companies in line with modern trends in management accounting, The study aimed to assist Sudanese industrial companies in developing their costing systems using a performance accounting approach to align with the modern manufacturing environment. It tested the following hypotheses: There is a statistically significant relationship between (performance margin, operating costs, and performance rate) and the rationalization of investment decisions in Sudanese industrial establishments. The study reached several conclusions, including: Performance accounting focused on the company's primary objective: achieving profits resulting from actual sales, not just production. Performance accounting worked to achieve the overall objective of the enterprise by relying on three financial measures (performance rate, operating expenses, inventory). The study recommended several measures, including: developing cost systems used in industrial companies to align with modern management methods in order to reduce costs; identifying production and non-production constraints; and adopting the methodology of the Theory of Constraints to resolve bottlenecks, with the aim of maximizing performance, adding value to the company, and improving its competitive position.