STRATEGIC REPORT AS INFORMATION AND ANALYTICAL BASIS FOR STRATEGIC MANAGEMENT
Strategic accounting is very important element of effective strategic management. To perform its function strategic accounting information should correspond to strategic goals of the firm. To be useful for enterprise stakeholders, strategic accounting information should include information on business valuation, information on enterprise financial and economic security, information on competitive intelligence, and also information on strategy implementation results, which can be assessed by KPI.
The most appropriate form for strategic information preparing is enterprise strategic report, which should be prepared on the year basis as a part of enterprise annual report. But separate element of this report (KPI of strategy implementation results) should be prepared on monthly basis and discussed with strategic planning team according to planning calendar.
Concerning the responsible persons – departments of financial analytics and economic security department should be responsible for strategic report preparation.
Ernst & Young LLP (2018) Shining a Light on a Strategic Report. Global Limited. London, UK, 8 p.
Financial Reporting Council (2018) Guidance on the Strategic Report. Lexis House, London, UK, 99 p.
Keith D. Brouthers, Frans A. Roozen (1999) Is It Time to Start Thinking About Strategic Accounting?. Long Range Planning, Vol. 32, No. 3, pp. 311-322.
Matt Chapman (KPMG) (2014) A Practical Guide to the Strategic Report. Better Business Reporting, UK, 20 p.
Graham Simons Pitcher Management Accounting in Support of the Strategic Management Process, CIMA Executive Summary Report. Volume 11. Issue 1, p. 20.
Nixon, B. and Burns, J. (2012) The paradox of strategic management accounting, Management Accounting Research, 23:pp.229-244.
Stocken, P. C. (2012) Strategic Accounting Disclosure, Foundations and Trends R in Accounting, vol 7, no 4, pp. 197-291.
Okoli Margaret Nnenna (2012) The Use Accounting Information as an Aid to Management in Decision Making. British Journal of Science. Vol.5 (1). P. 52-62.
Jennifer VanBaren (2017) What Is Strategic Management Accounting? Bizfluent: Leaf Group Ltd. Available at: https://bizfluent.com/facts-6755021-strategic-management-accounting-.html
Cadez Simon, Guilding Chris (2008) Strategy and strategic management accounting: an investigation of organizational configurations. Available at: https://research.mbs.ac.uk/accounting-finance/ Portals/0/docs/2008/CadezandGuilding2008-MBSseminar.pdf
- Поки немає зовнішніх посилань.