The innovation center as part of strategic management accounting

2021 ◽  
Vol 22 (4) ◽  
pp. 407-421
Author(s):  
Lyudmila V. SHALAEVА
Keyword(s):  
Strategic Management ◽  
Management System ◽  
Management Accounting ◽  
Practical Importance ◽  
Financial Responsibility ◽  
Strategic Management Accounting ◽  
Practical Guidelines ◽  
Methodological Principles ◽  
Set Up ◽  
And Control

Subject. In the article, I select and substantiate an effective strategy for innovation. To control its implementation, there should be a reliable database, which may proceed from modern statistical accounting as it splits the governance into financial responsibility centers. Objectives. I substantiate ways to sort out the data flow as part of strategic management accounting by innovation center, considering the strategic management system decentralized by financial responsibility centers. Methods. To set up practical guidelines, I referred to proceedings of the Russian and foreign scholars. I used methods of analysis, synthesis, and generalization. Results. I indicate how the accountable competence of the innovation center can be structured, so as to determine the goal, objectives, functions and aspects it is to deal with. The article also presents the composition and scope of strategic management accounting the center is to keep. Conclusions and Relevance. The focus areas to be structured in the accountable competence of the innovation center will contribute to the advancement of methodological principles of strategic management accounting and reporting, a better quality of information supplied for the strategic management system and the higher efficiency of administrative decisions on innovation. The findings are of practical importance for adjusting the development of the innovation strategy and control over the performance and efficiency of investment processes and, consequently, the increment in the market value of the company.

Information structuring in the strategic management reporting system of the account cost center

2021 ◽  
Vol 22 (7) ◽  
pp. 761-780
Author(s):  
Lyudmila V. SHALAEVA
Keyword(s):  
Strategic Management ◽  
Information Flow ◽  
Management System ◽  
Reporting System ◽  
Management Accounting ◽  
Financial Responsibility ◽  
Strategic Management Accounting ◽  
Cost Center ◽  
Process Strategy ◽  
Management Reporting

Subject. This article deals with the structuring of the organization's cost information, which can help set up and develop a system of strategic management reporting on financial responsibility centers. Objectives. The article aims to develop directions for structuring the information flow in the strategic management reporting system for the account cost center in the context of decentralization of the strategic management system on financial responsibility centers. Methods. To develop practical recommendations, I used the methods of analysis, synthesis, and generalization. Results. The article presents certain directions to structure information flow on the account cost center determining the areas of financial responsibility, objects of strategic control and management, and the structure and content of the center's strategic management reporting. Conclusions and Relevance. The presented areas of structuring the information flow of the account cost center can contribute to the development of strategic management accounting and reporting, improve the quality of information support for the strategic management system, and rise the efficiency of management decisions. The results of the study are of practical importance for optimizing the system of strategic management accounting and cost control of the production sector companies, and they may contribute to improving the effectiveness and efficiency of the business process strategy implementation.

Linking strategic management accounting and quality management systems

2018 ◽  
Vol 24 (6) ◽  
pp. 1302-1320 ◽  
Author(s):  
Leonardo Sedevich-Fons
Keyword(s):  
Quality Management ◽  
Strategic Management ◽  
Management System ◽  
Quality Management System ◽  
Management Accounting ◽  
Simultaneous Application ◽  
Content Type ◽  
Area Of Interest ◽  
Strategic Management Accounting ◽  
Joint Consideration

Purpose Quality management is gradually becoming an area of interest among management accounting practitioners and scholars because of its significant effects on performance and increasing adoption by organizations. Therefore, the purpose of this paper is to explore the relationships between these two broad disciplines and provide guidelines for their joint consideration. Design/methodology/approach Two specific management innovations are analyzed in detail: strategic management accounting (SMA) and ISO 9000 quality management system (QMS). Such an analysis includes a literature review of both frameworks, the identification of benefits associated with their simultaneous application and the design of a comprehensive model integrating their individual principles. Findings It is concluded that these management schemes are compatible and complementary from a theoretical standpoint; and that, therefore, their combined implementation might help organizations improve overall performance. It is also argued here that their use in conjunction could facilitate the spread of SMA techniques and the full exploitation of QMSs. Originality/value A new management system proposing the incorporation of SMA tools into traditional QMSs is introduced, and some recommendations for its practical use are presented.

scholarly journals Strategic Management Accounting Role In The Performance Measurement And Control Of Multinational Companies

2014 ◽  
Vol 52 (4) ◽  
pp. 436-460
Author(s):  
Ivan Marković ◽  
Tatjana Stevanović
Keyword(s):  
Strategic Management ◽  
Performance Measurement ◽  
Corporate Strategy ◽  
Management Accounting ◽  
Multinational Companies ◽  
Theoretical Concepts ◽  
Strategic Management Accounting ◽  
And Control ◽  
Measurement And Control

AbstractThe type and amount of information needed by top management of large companies is primarily determined by the role of individual managers. Thus, managers at the top of the hierarchy in complex enterprises need information that is different from the information managers of individual divisions or strategic business units. Starting from these requirements, strategic management accounting has developed a number of ways to provide information aimed at shaping corporate strategy. In this regard, the paper will be discussed various aspects of performance measurement in multinational companies, as well as the tasks to strategic management accounting should meet within them. Bearing this in mind, the main objective of this paper consists in analyzing the importance of strategic management accounting is to successfully manage the performance of multinational companies. Adequate application of theoretical concepts and research methods chosen, the work is expected to extending domestic literatures in this field meet our economic releases to the role of strategic management accounting in the measurement and control of the performance of multinational companies.

scholarly journals Strategic management accounting in the system of information space of the enterprise

2021 ◽  
pp. 21-23
Author(s):  
Nataliia NECHYPORUK
Keyword(s):  
Strategic Management ◽  
Production Management ◽  
Management Accounting ◽  
Information Space ◽  
Strategic Analysis ◽  
Monitoring And Control ◽  
Information Platform ◽  
Strategic Management Accounting ◽  
Strategic Monitoring ◽  
And Control

The paper deals with the peculiarities of the formation of strategic management accounting as accounting and analytical support for adopting strategic managerial decisions. The change in economic realities naturally requires the introduction of modern management technologies that it is impossible without the development of relevant accounting and analytical provision, including focusing, processing and submission of accounting and analytical information to adopt strategic decisions. The purpose of the paper is to determine the role of strategic management accounting in the enterprise information space. The problems of the functioning of strategic management accounting in Ukrainian enterprises are determined: the delimitation of analytical and accounting functions, a one-sided vision of the problem of the methodology of strategic management accounting only as a set of accounting procedures, beyond the connection with analytical functions leads to a decrease in the effectiveness of strategic management accounting and separation from intra-production management. Expert analysis is carried out in questioning two groups of respondents (managers and stakeholders) on an existing system of strategic management accounting as an information platform of trading enterprises. The results of the study confirm that in most such companies, there is a lack of or insatiable use of strategic management accounting as an information platform for strategic management. The development of a strategic approach in accounting practice determines the expansion of the accounting, analytical and control instrument for the formation of information when making strategic management decisions. The components of the management function are analyzed: strategic analysis, strategic monitoring, strategic control. The prospects for further research are determined: the choice of methods and tools for strategic management accounting in the management system of a trading enterprise, especially for the needs of strategic analysis, strategic monitoring and control.

Developing the adaptive process-based budgeting through TD-ABC and TD-ABB as part of strategic management accounting

2020 ◽  
Vol 23 (10) ◽  
pp. 1182-1194
Author(s):  
A.A. Akhmetzyanov ◽  
A.Yu. Sokolov
Keyword(s):  
Strategic Management ◽  
Cost Allocation ◽  
Management Accounting ◽  
Practical Significance ◽  
Common Time ◽  
Strategic Management Accounting ◽  
Scientific Papers ◽  
The Subject ◽  
The Common ◽  
The Cost

Subject. The article focuses on the advanced time-driven tools for allocating overhead expenses, which are based on process-based budgeting. Objectives. We articulate a technique for cost allocation so as to assess the cost of each process with reference to the common time driver. Methods. The study relies upon methods of systematization, classification, analogy and comparison, and summarizes the scientific literature on the subject. Results. The article presents our own suggestions on implementing TD-ABC and TD-ABB into the strategic management accounting process of developer companies. The principles were proved to help more effectively allocate overhead expenses and assess the capacity load of each process performed by functions, departments and employees. Carrying out a comparative analysis, we found certain reserves for utilizing resources more effectively. Conclusions and Relevance. The findings are of scientific and practical significance and can be used by developer and construction businesses. The conclusions can prove helpful for scientific papers, student books, and further research.

Strategic Management Accounting – Overview of Current Problems and Perspectives

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Mariya Pavlova ◽  
◽  
◽  
Keyword(s):  
Strategic Management ◽  
Recent Literature ◽  
Management Accounting ◽  
Current Work ◽  
Traditional Management ◽  
Strategic Management Accounting

Strategic management accounting is considered a fast developing scientific sphere, part of the traditional management accounting. However, recent literature has increasingly criticized various aspects of strategic management accounting. Therefore, the aim of the current work is to identify the reasons behind these critics and propose ways to overcome them.

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