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Business Value Created By Management Accounting

Author

Listed:
  • Marius Costin Daraban

    (Lucian Blaga University of Sibiu)

Abstract

Porter stated in his value chain concept that business support activities are contributing to the value creation process of a business organization. In the “classical view” business support activities are considered as indirect productive and not having a clear and direct contribution to the business organization value chain. The information age has enabled and leveraged business support activities to become decisive contributors to the value creation process of any business. Can this value contribution be somehow determined or quantified? Management accounting is a classical business support activity that contributes to the business organization value chain. Through usage of value management and value driven performance indicators, the value contribution can be determined and quantified. The present paper is highlighting one possible alternative to determine the value contribution by using indicators like economic value added and economic profit. The value-based approach is putting indirect productive business activities into a new position, the one of a clear and important business value creator that cannot be ignored in the 21st century, a century driven by data, a nd information and knowledge that can sustain a decisive sustainable competitive advantage.

Suggested Citation

  • Marius Costin Daraban, 2018. "Business Value Created By Management Accounting," CBU International Conference Proceedings, ISE Research Institute, vol. 6(0), pages 76-80, September.
    • Handle: RePEc:aad:iseicj:v:6:y:2018:i:0:p:76-80
    DOI: 10.12955/cbup.v6.1136
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    References listed on IDEAS

    as
    1. Daraban Marius Costin, 2017. "Economic Value Added – A General Review of the Concept," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 168-173, June.
    2. 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.
    3. Marius Costin Daraban, 2017. "Accounting As A 21st Century Business Value Driver," CBU International Conference Proceedings, ISE Research Institute, vol. 5(0), pages 99-105, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mihaela Brindusa Tudose & Valentina Diana Rusu & Silvia Avasilcai, 2021. "Performance Management for Growth: A Framework Based on EVA," JRFM, MDPI, vol. 14(3), pages 1-19, March.

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    More about this item

    Keywords

    Valuemanagement accounting; economic value; EVA; economic profit;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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