Strategic management accounting: information application areas and instruments
Articles
Kamilė Medeckytė
Vilnius University, Lithuania
Daiva Tamulevičienė
Vilnius University, Lithuania
Published 2020-07-23
https://doi.org/10.15388/batp.2020.20
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Keywords

strategic management accounting
strategic management accounting fields
strategic management accounting instruments

How to Cite

Medeckytė K. and Tamulevičienė D. (2020) “Strategic management accounting: information application areas and instruments”, Buhalterinės apskaitos teorija ir praktika, 210, p. 5. doi: 10.15388/batp.2020.20.

Abstract

he application of strategic management accounting instruments in corporate governance is a significant tool for gaining a competitive advantage, increasing the existing market share, and improving the company’s performance. The article examines the development, concept, and significance of strategic management accounting. There are five areas of strategic management accounting: 1) costing; 2) planning, control, and performance measurement; 3) strategic decision-making; 4) competitor accounting; 5) customer accounting. The main instruments of each area, their advantages, challenges of implementation in enterprise management, and benefits for the efficiency of the organization have been identified.

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References

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