Accounting For Materials in Construction Enterprises: Application Challenges and Improvements in Line with Accounting Standards

Abstract

This study analyzes the factors affecting the implementation of materials management accounting in construction enterprises in Vietnam. Data were collected from 220 enterprises and analyzed using CFA and SEM. The results indicate that the legal-policy framework and accountants’ competencies have the strongest impact on the level of materials accounting application. Information technology and the specific characteristics of construction activities also have a positive effect, while organizational culture has a moderate influence. The study provides empirical evidence on the application of materials accounting in the construction sector and suggests solutions to enhance human resource capacity, improve the legal framework, and strengthen technology adoption to improve the efficiency of materials cost management.