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Management Accounting as a Knowledge Based Organization Value Driver for the 21st Century Business

Marius Daraban

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 1, 162-167

Abstract: The 21st century information and information technology revolution has made its mark onclassical business functions like business support services. Management accounting, a still youngbusiness activity has transformed from reactive cost determination focus to proactive valuecreating and considerate resource business driver. Management accounting is on the way toasserting itself as a proactive business value driver for the modern 21st century businessorganizations. The present paper is presenting the arguments that support the transformation ofmanagement accounting from the “bean counter†score keeping role to value driver supported byknowledge, the prime commodity of the 21st century business environment. Managementaccounting is the business partner that delivers reliable and accurate data and information for thebusiness decision process that is more and more influenced globalization, internationalization andaccelerating and dynamic markets. Can modern companies afford to disregard the dormant valuedrivers from within their own business organization?

Keywords: management accounting; value; knowledge; support services (search for similar items in EconPapers)
JEL-codes: M20 M21 M4 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:162-167