Open AccessStrategic Costing Models as Strategic Management Accounting Techniques at Private Universities in Riau, Indonesia
Author(s) -
Evi Marlina,
Hendri Ali Ardi,
Siti Samsiah,
Kirmizi Ritonga,
Amris Rusli Tanjung
Publication year - 2019
Publication title -
international journal of financial research
Language(s) - English
Resource type - Journals
eISSN - 1923-4031
pISSN - 1923-4023
DOI - 10.5430/ijfr.v11n1p274
Subject(s) - activity based costing , target costing , management accounting , cost accounting , strategic planning , business , process management , product cost management , knowledge management , accounting , computer science , marketing , cost engineering
As a strategic management in accounting, strategic coasting has attracted the practioners and scholars because the significant influences to comptetitive advantage and organizational performance. This study is aim to explore integrated strategic costing model as an effort to improve competitive advantage and performance of higher education institution. This study also provide the guideline for effectively and efficiently of cost control. A specific strategic costing –activity based costing, value chain costing, quality costing, lifecycle costing and target costing- was elaborated through literature review form each attributes simultaneously and according to comprehensive model that integrated each of principles. The study concluded the scheme is compatible and complete each other according to theoretical point of view due to the integrated implementation of the principles and attributes contribute to organization performance improve. We also argue that the scheme is contribute to distribution of strategic costing attribute and exploitation of organization resources. A new management system proposing to the incorporation of strategic costing attributes into the management of higher education organization resources, and some recommendations for practical use are presented.