Strategic managerial accounting: interrelationship between financial and managerial accounting
Abstract
Market globalization, expanding increase in competitiveness, reduction of products lifetime, unprecedented technology evolution, among other factors, have deeply changed business management and obligated managers to secure information that can guide them in the establishment of company targets and in the selection of strategies, as well as in the implementation and control of the same. Managerial accounting should provide such information. For that purpose, it needs to divest itself from the company’s exclusively internal scenario, to go deeper into its external environment and adopt a strategic dimension that makes room for the onset of a new accounting approach, namely strategic managerial accounting, which is the focus of this paper.
Key words: competitiveness, information, strategic managerial accounting.Downloads
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