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

Author

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  • Daraban Marius Costin

    (“Lucian Blaga†University of Sibiu)

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?

Suggested Citation

  • Daraban Marius Costin, 2017. "Management Accounting as a Knowledge Based Organization Value Driver for the 21st Century Business," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 162-167, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:162-167
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    Cited by:

    1. Marius Costin Daraban, 2018. "Business Value Created By Management Accounting," CBU International Conference Proceedings, ISE Research Institute, vol. 6(0), pages 76-80, September.

    More about this item

    Keywords

    management accounting; value; knowledge; support services;
    All these keywords.

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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