Český finanční a účetní časopis 2011(2):72-81 | DOI: 10.18267/j.cfuc.106

Relation between Managerial Accounting and Corporate Finance from the Scientific and Pedagogical Point of View

Milan Hrdý
Doc. Ing. Milan Hrdý, Ph.D. - vedoucí katedry; Katedra financí a účetnictví Soukromá vysoká škola ekonomická Znojmo. Loucká 656/21, 669 02 Znojmo; <hrdy@svse.cz>; samostatný vědecký pracovník; Katedra financí a oceňování podniku, Fakulta financí a účetnictví, vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <hrdy@vse.cz>.

The contribution is about the relation between managerial accounting and corporate finance from the scientific and pedagogical point of view. It has been proved that not even the modern concept of managerial accounting based on the complex conception of management and measure of the strategic position of enterprise including the usage of information from external environment and so called "soft skills" is not in controversy with the theory of corporate finance oriented on the financial decision processes with the aim to maximize the market value of the firm. On the contrary this modern conception of strategic managerial accounting could very strongly improve the quality of provided information for the purpose of financial decision. It relates mainly the area of investment decision, financial analysis and planning, economic value added, inventory management and valuation of corporate. Both subjects do not coincide with each other even from the pedagogical point of view with the exception of some subareas. It is possible to recommend to project into the program of education wider references to managerial accounting as the high-quality source of necessary information for decision.

Keywords: Managerial Acccounting; Corporate Finance; Analysis.
JEL classification: G30, M41

Published: June 1, 2011  Show citation

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Hrdý, M. (2011). Relation between Managerial Accounting and Corporate Finance from the Scientific and Pedagogical Point of View. Czech Financial and Accounting Journal, 2011(2), 72-81. doi: 10.18267/j.cfuc.106
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