The Relationship between Management Accounting, Strategic Management Accounting and Strategic Cost Management

Ejona  Duçi

doi:10.36941/ajis-2021-0146

Authors

Ejona Duçi PhD Candidate, Department of Accounting and Analysis, Faculty of Finance and Accountancy, University of National and World Economy, ul. "8-mi dekemvri", 1700 Studentski Kompleks, Sofia, Bulgaria

DOI:

https://doi.org/10.36941/ajis-2021-0146

Keywords:

Accounting, Management, Management accounting, Management Accounting practices, Marketing, Strategic Cost management, Strategic Management Accounting (SMA)

Abstract

The object of the paper is to study the relationship between management accounting, strategic management accounting and strategic cost management. The Aim is to define each of them based on a systematic literature review of different accounting literatures in strategic management accounting, to emphasize the relation between them. The paper attempts to offer definitions of Strategic cost management based on different authors throw the years and also to reveal a relationship that exists between Strategic Management Accounting and other disciplines. The enduring value of contextual view of management accounting and its content emphasizes power and relationship between Management Accounting, Strategic Management Accounting and Strategic Cost Management. The methodology used for this paper is descriptive and comparative based on a systematic literature review from different books and journals, especially Scopus indexed journals taken by Elsevier, emerald insight and other trustable library sources. The paper explores a comparative analysis between management accounting and strategic management accounting. Practical limitations of this paper have been mainly focused on having access to Scopus indexed journals. Also, another limitation encountered is related with electronic library which in our country is very difficult and even impossible to have free access in reading and downloading related papers. The intention was to identify similarities and differences between Strategic Management Accounting and Strategic Cost Management and also the relationship that exists between them. The paper concluded that Strategic management has as its primary goal the efficient use of all resources while focusing on the competitive advantage of an organization. Hence, SMA could be considered as an integral part of the strategic management; an interaction of the management and the SMA techniques is important for the more efficient management of an entity.

Received: 19 June 2021 / Accepted: 23 August 2021 / Published: 5 September 2021