Český finanční a účetní časopis 2008(2):78-90 | DOI: 10.18267/j.cfuc.273

The Competitive Advantage of Management Accounting

Jana Fibírová
Prof. Ing. Jana Fibírová, CSc. - profesorka; Katedra manažerského účetnictví , Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <fibirova@vse.cz>.

ABC and BSC methods enable to better manage the company set the strategy and use effective motivational instruments for its implementation. ABC method represents significant development in recognition of causality of cost origin. However, it doesn't change basic theoretical findings in behaviour of supply (costs) and demand curve. The simplified cost distinguishing between variable and fixed suggested by economic theory has become a thing of the past in the managerial accounting since late 60ties, i.e. much sooner before ABC method has been developed. Divergence of content focus of economic theory and applied disciplines shouldn't be used for comparison of their importance but on the contrary for searching for common points. Their relationship shouldn't be competitive but complementary.

Keywords: Activity based costing (ABC); Balanced scorecard (BSC); Supply (cost) curve; Demand curve; Management strategy; Financial and customer management position; Financial and physical performance criteria.
JEL classification: M49

Published: June 1, 2008  Show citation

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Fibírová, J. (2008). The Competitive Advantage of Management Accounting. Czech Financial and Accounting Journal, 2008(2), 78-90. doi: 10.18267/j.cfuc.273
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