Strategic Management Accounting: an Analytical Framework of its Techniques
Strategic Management Accounting: an Analytical Framework of its Techniques

Author(s): Ejona Duçi
Subject(s): Social Sciences, Economy, Business Economy / Management, Sociology, Methodology and research technology, Evaluation research, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: accounting; management accounting practices; strategic cost management; strategic management accounting; strategic management accounting techniques; techniques
Summary/Abstract: The paper aims to study the definition of Strategic Management Accounting and its techniques. The report demonstrates the scope of the main strategic management accounting techniques and cost management accounting techniques. Those techniques suggested in the extant literature are critically analyzed and synthesized. This paper aims to provide a background and definition of the techniques used for managerial accounting and then present their development in the strategic management accounting approach. The way these techniques have changed over the years and how they have influenced economic development. Various authors have mentioned strategic management accounting techniques, and each has given a possible classification. But even though different authors have written, there is still no well-designed structure according to them. The methodology used in this paper is descriptive, according to the literature review about this field of study and especially the related topic. The paper’s objective is to provide a structure of these techniques depending on their function. Also, to identify the most prospective plans for the large businesses in terms of managing their performance related to competitors, market competition, customers, costs, and operation activities. The paper summarizes by dividing those techniques according to their applications and emphasizing their challenges toward their competitive positioning. The report concludes that strategic management accounting techniques are beneficial and have an essential impact on business development. Some of these techniques are well known, but others are unknown by different organizations. This paper will demonstrate a proper structure of all the strategic management accounting techniques, which will be helpful for the future.

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