Strategic Accounting for Innovation: Empowering Entrepreneurship in the Modern Era

St Salmah Sharon, Afrizal Firman, Monalisa Monalisa, Muchtar Muchtar, Natalia Paranoan and Muh Arif
Additional contact information
St Salmah Sharon: Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar
Afrizal Firman: Sekolah Tinggi Ilmu Ekonomi Ciputra
Monalisa Monalisa: Sekolah Tinggi Ilmu Ekonomi Ciputra
Muchtar Muchtar: Sekolah Tinggi Ilmu Ekonomi Ciputra
Natalia Paranoan: Universitas Kristen Indonesia Paulus
Muh Arif: Universitas Muslim Indonesia

Technium Social Sciences Journal, 2024, vol. 61, issue 1, 141-152

Abstract: This study explores how modern accounting practices drive entrepreneurial success. Through a comprehensive literature review, case study analysis of successful entrepreneurial firms, and interviews with companies that have implemented innovative accounting practices, this research uncovers the pivotal role of adaptive accounting in financial planning, risk management, and strategic decision-making. The findings highlight that companies utilizing advanced accounting tools are better equipped to handle the complexities of modern business, achieve greater financial transparency, and drive continuous innovation. The study also emphasizes the importance of accounting education and professional development in leveraging technology for these purposes. Additionally, the implications for policymakers and stakeholders underscore the necessity of a regulatory framework that supports advanced accounting practices. This study provides valuable insights for practitioners aiming to utilize modern accounting as a catalyst for business innovation and entrepreneurial success.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://techniumscience.com/index.php/socialsciences/article/view/11587 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tec:journl:ojs:11587

DOI: 10.47577/tssj.v61i1.11587

Access Statistics for this article

Technium Social Sciences Journal is currently edited by Tasente Tanase

More articles in Technium Social Sciences Journal from Technium Science
Bibliographic data for series maintained by Tasente Tanase ( this e-mail address is bad, please contact ).