Interpretation and Mission of Strategic Managerial Accounting in Management of Enterprises

Alvina Oriekhova ()
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Alvina Oriekhova: Sumy National Agrarian University, Sumy, Ukraine

Oblik i finansi, 2016, issue 2, 45-49

Abstract: In modern conditions, managerial accounting is a connecting link between the accounting process and company management. The article elucidates the nature and mission of strategic management accounting in the management of enterprises. The etymology of strategic management accounting is explored, and the author's definition of this category is presented. The main differences between the traditional and strategic management accounting are defined. The features and main tasks of strategic management accounting are revealed. The components of strategic management accounting are grounded. It is proved that the process of strategic management accounting includes not only the actual accounting, but also strategic analysis, strategic planning and strategic control. The elements of internal and external information environment are identified for the purposes of strategic analysis. It is found that strategic management accounting is a system for collecting and processing information from the external and internal environment, which ensures the achievement of the strategic goals and objectives of the entity.

Keywords: management; management accounting; strategic analysis; strategic planning; strategic control (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
Date: 2016
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