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Strategic Costing Models as Strategic Management Accounting Techniques at Private Universities in Riau, Indonesia

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  • Evi Marlina
  • Hendri Ali Ardi
  • Siti Samsiah
  • Kirmizi Ritonga
  • Amris Rusli Tanjung

Abstract

As a strategic management in accounting, strategic coasting has attracted the practioners and scholars because the significant influences to comptetitive advantage and organizational performance. This study is aim to explore integrated strategic costing model as an effort to improve competitive advantage and performance of higher education institution. This study also provide the guideline for effectively and efficiently of cost control. A specific strategic costing ¨Cactivity based costing, value chain costing, quality costing, lifecycle costing and target costing- was elaborated through literature review form each attributes simultaneously and according to comprehensive model that integrated each of principles. The study concluded the scheme is compatible and complete each other according to theoretical point of view due to the integrated implementation of the principles and attributes contribute to organization performance improve. We also argue that the scheme is contribute to distribution of strategic costing attribute and exploitation of organization resources. A new management system proposing to the incorporation of strategic costing attributes into the management of higher education organization resources, and some recommendations for practical use are presented.

Suggested Citation

  • Evi Marlina & Hendri Ali Ardi & Siti Samsiah & Kirmizi Ritonga & Amris Rusli Tanjung, 2020. "Strategic Costing Models as Strategic Management Accounting Techniques at Private Universities in Riau, Indonesia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(1), pages 274-283, January.
    • Handle: RePEc:jfr:ijfr11:v:11:y:2020:i:1:p:274-283
    DOI: 10.5430/ijfr.v11n1p274
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    References listed on IDEAS

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    3. Mohammed H. S. Al Ashry, 2017. "A Proposed Investment on a University Campus," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 8(4), pages 213-227, October.
    4. Nitin K. Mandavgade & S.B. Jaju & R.R. Lakhe, 2015. "Assessment of qualitative factors affecting uncertainty measurement using AHP," International Journal of Industrial and Systems Engineering, Inderscience Enterprises Ltd, vol. 21(3), pages 277-301.
    5. Marie-Goreth Nduwayo & Michel Sayumwe, 2018. "Analysis Grid of Adjustment Strategies of Non-profit Organizations Benefiting From Microcredit to the Constraints of Microfinance Institutions: The Case of Burundi," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 9(3), pages 86-97, July.
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    Cited by:

    1. José Vale & Joana Amaral & Luís Abrantes & Carmem Leal & Rui Silva, 2022. "Management Accounting and Control in Higher Education Institutions: A Systematic Literature Review," Administrative Sciences, MDPI, vol. 12(1), pages 1-22, January.

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