Strategic Management Accounting and Improving Value Creation Strategies
Keywords:
Management accounting, strategic management, value creationAbstract
This study aims to identify and explain the key dimensions of Strategic Management Accounting (SMA) and its role in improving organizational value creation strategies. A qualitative research design based on a systematic literature review and content analysis was employed. Thirty-three scholarly articles related to SMA and value creation were selected from reputable national and international databases using defined inclusion criteria. Data were analyzed through three-phase coding (open, axial, selective) with NVivo 14 software. Theoretical saturation and peer debriefing were applied to ensure credibility and rigor. Four main themes emerged: “Integration of Strategy and Management Accounting,” including alignment of financial and non-financial goals and competitive analysis; “Digital Transformation and Emerging Technologies in SMA,” encompassing predictive analytics and artificial intelligence; “Performance Measurement for Value Creation,” emphasizing combined financial and non-financial metrics, strategic cost management, and intellectual capital; and “Sustainability and Social Responsibility,” including ESG reporting and corporate governance. These themes indicate that SMA goes beyond traditional cost control, acting as a strategic intelligence system to drive sustainable value creation. SMA enhances organizational competitive advantage by combining financial and non-financial data, leveraging digital technologies, and embedding sustainability and stakeholder-focused strategies. Developing context-specific frameworks and investing in digital transformation can further strengthen SMA’s capacity to support long-term value creation.
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Copyright (c) 2025 Mir Saeed Mousavi, Mohammad Reza Pourali, Seyed Fakhreddin Fakhrehosseini, Mehrdad Goleyjani (Author)
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