Strategic Controlling as Methodological Tool for Strategic Management of Expenses
Journal Title: Oblik i finansi - Year 2014, Vol 1, Issue 4
Abstract
Controlling is a tool for collecting, analyzing and assessing of necessary information on the status of the company. Such information is required by the managers for effective management decisions, which ultimately can reduce the level of risk. This article is dedicated to the nature and certain aspects of implementation of the strategic controlling as strategic cost management instruments in the enterprise. Highlights are given to the main aspects of strategic controlling influence on making effective decisions on strategic cost management. Revealed the differences in operational and strategic controlling, own vision of the strategic controlling structure of the company is offered. The attention is given to the instruments and methods of controlling. The advantages and disadvantages of each instrument are being studied. According to the authors, understanding the importance of controlling will provide the managers of the companies with more successful controlling use in the system of strategic cost management, and methods revealed in the article will make it possible to realize the task of controlling and therefore decide on controlling tools that should be used in a given situation.
Authors and Affiliations
Valentyna Khodzytska
Keywords
Related Articles
- EP ID EP89132
- DOI -
- Views 441
- Downloads 0
Value Relevance of ESG Scores: Evidence from European Stock Exchange Markets
The research is analyzing the value relevance of other comprehensive income and the environmental, social and governance (ESG) scores in regard to the share price in Europe (Italy, France, Germany and Spain). As part of...
Diagnostics of the State of Agricultural Enterprises Financial Security
In the conditions of rapid changes in the modern market environment, it is extremely important for agricultural enterprises to respond in a timely manner to threats to their financial security. Therefore, economic diagno...
Conceptual Principles of Staffing Internal Audit Units in State Authorities
The hostilities and martial law in Ukraine significantly affected the activities of the internal audit units of the central executive authorities. The remote work of the employees of the division and the impossibility of...
Місце і роль управлінського обліку в системі бухгалтерського обліку
В умовах інформаційного суспільства перед управлінським обліком постають нові завдання, які вимагають враховувати всю структуровану та неструктуровану інформацію, яка прямо чи опосередковано пов’язана з діяльністю суб’єк...
Withdrawal of Tax Restrictions for 3rd Group Taxpayers of Single Tax under Martial Law to Activate Business
In martial law conditions, one of the tasks of the state is to minimize the recession and restore the level of entrepreneurial activity of business entities through tax regulation tools. The article aims to reveal the pe...