USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY
The reason of being of corporate accounting is not only to record, interpret and present data about existing business processes, but also to provide information for supporting main decision-making activities of management. This article presents basic problems outlining the relationship between accou...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolaus Copernicus University in Toruń
2018-06-01
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| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/17226 |
| _version_ | 1797717740751945728 |
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| author | Lyudmila Mihaylova Emil Papazov |
| author_facet | Lyudmila Mihaylova Emil Papazov |
| author_sort | Lyudmila Mihaylova |
| collection | DOAJ |
| description | The reason of being of corporate accounting is not only to record, interpret and present data about existing business processes, but also to provide information for supporting main decision-making activities of management. This article presents basic problems outlining the relationship between accounting and strategic management of companies. The main ideas are connected with the philosophy of presenting information in financial and management reports, on the one hand, and the levels of management activities and their relationship to the development strategy of the organization, on the other hand. The aim is to trace the relationship between the segmental accounting and the strategic management of diversified organizations and to highlight problem areas, deserving management attention. The research methods of analysis and synthesis have been used. The outcomes of the research show that choosing a proper cost structure and allocation basis at operating segment level will contribute to increasing the capabilities of managers to make better corporate strategic decisions. |
| first_indexed | 2024-03-12T08:40:41Z |
| format | Article |
| id | doaj.art-5348014b6f674f5d8853b2f719dc10e5 |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T08:40:41Z |
| publishDate | 2018-06-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-5348014b6f674f5d8853b2f719dc10e52023-09-02T16:48:38ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652018-06-0171213310.12775/CJFA.2018.00214501USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANYLyudmila Mihaylova0Emil Papazov1University of Ruse “Angel Kanchev”, BulgariaUniversity of National and World Economy, BulgariaThe reason of being of corporate accounting is not only to record, interpret and present data about existing business processes, but also to provide information for supporting main decision-making activities of management. This article presents basic problems outlining the relationship between accounting and strategic management of companies. The main ideas are connected with the philosophy of presenting information in financial and management reports, on the one hand, and the levels of management activities and their relationship to the development strategy of the organization, on the other hand. The aim is to trace the relationship between the segmental accounting and the strategic management of diversified organizations and to highlight problem areas, deserving management attention. The research methods of analysis and synthesis have been used. The outcomes of the research show that choosing a proper cost structure and allocation basis at operating segment level will contribute to increasing the capabilities of managers to make better corporate strategic decisions.https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/17226a multi-segmented companystrategic decisionsaccounting informationoperating segments |
| spellingShingle | Lyudmila Mihaylova Emil Papazov USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY Copernican Journal of Finance & Accounting a multi-segmented company strategic decisions accounting information operating segments |
| title | USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY |
| title_full | USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY |
| title_fullStr | USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY |
| title_full_unstemmed | USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY |
| title_short | USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY |
| title_sort | using accounting information for strategic decision making in a multi segmented company |
| topic | a multi-segmented company strategic decisions accounting information operating segments |
| url | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/17226 |
| work_keys_str_mv | AT lyudmilamihaylova usingaccountinginformationforstrategicdecisionmakinginamultisegmentedcompany AT emilpapazov usingaccountinginformationforstrategicdecisionmakinginamultisegmentedcompany |