European Financial and Accounting Journal 2009, 4(2):79-89 | DOI: 10.18267/j.efaj.68

A Benefit of New Costing Methods for the Strategic Management

Bohuslava Knapová
Ing. Bohuslava Knapová, CSc. - senior lecturer; Department of Managerial Accounting, Faculty of Finance and Accounting, University of Economics, Prague, W. Churchill Sq. 4, 130 67 Prague 3, Czech Republic; <knapova@vse.cz>.

Strategic managerial decisions have the great influence on the growing performance of the company as an accounting entity and the successfulness in its business today. Managerial decisions on the strategic level of the management are concerned with the existing internal organizational and economic, responsibility structure of the accounting entity, which must create own strategy system in order to prosper under conditions of the external competitive environment. The strategic management is the conceptual and long-term starting point of the complete management. New costing methods, i. e. using of the target costing and life cycle costing, belong to the areas of the output oriented management and are applied in the strategic (long-term) management of product costs.

Keywords: Life Cycle Costing, Managerial decisions, Output oriented management, Strategic management, Strategy system, Target Costing
JEL classification: M41

Published: June 1, 2009  Show citation

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Knapová, B. (2009). A Benefit of New Costing Methods for the Strategic Management. European Financial and Accounting Journal, 4(2), 79-89. doi: 10.18267/j.efaj.68
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