The Potential of Strategic Management Accounting Techniques on the Competitive Advantage of the Halal Food Export Business
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Abstract
Strategic management accounting techniques are a guideline for defining the accounting function to ensure that the business operations have financial results that are in line with the organization's plans. There are various types of strategic management accounting. The techniques of strategic management accounting can be implemented to obtain quality information and to maximize the highest benefits for making a better decision in management. The objective of the study was to study the potential of the management accounting techniques on the competitive advantage of the halal food manufacturing industry for exportation. The data was collected from 146 halal food manufacturing businesses for exportation using online questionnaires. The data was analyzed by descriptive statistics and multiple regression analysis. The findings were that the halal food manufacturing business for exportation applied the strategic management accounting techniques at the high level and applied the competitive advantage at the high level. The hypothesis testing showed that the strategic management accounting techniques namely strategic cost management, planning, control and performance measurement, and customer accounting had a positive potential on the competitive advantage of the halal food manufacturing business for exportation. Consequently, the administrators of the halal food manufacturing business for exportation should concern about applying the strategic management accounting techniques in the administration in terms of strategic cost management, planning, control and performance measurement, and customer accounting, which affects the competitive advantage of the business; therefore, the operations can be carried out effectively and achieve the goals.
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