Methods of the Strategic Financial Accounting and its Role in Achieving the Competitiveness Ability of Economic Units

	Methods of the Strategic Financial Accounting and its Role in Achieving the Competitiveness Ability of Economic Units
Buhuth Mustaqbaliya Scientific Periodical Journal
Article 1, Volume 4, Issue 2, 2013, Pages 63-126
Abstract
Abstract In the light of the big challenges faced by the Financial accountants in providing the propriety information to make the strategic decisions, so it is necessary to seek how to develop the traditional methods of financial accounting which can contribute in achieving the competitiveness ability of the economic units, through the adoption of the strategic perspective of financial accounting. Accounting financial strategy is the developed form of the methods of financial accounting, which relies on the use of strategic analysis and financial ratios and mixing between them and the outputs of accounting systems, So as to provide an accounting information strategy for decision makers, as well as achieving the competitiveness of economic integration. The research aims to explain the conceptual framework of strategic financial accounting and identifying the most important methods of strategic financial accounting through which they can contribute to achieve the competitiveness ability of the economic units through supporting each of: cost leadership strategy and differentiation strategy. The researchers conclude that the methods of strategic financial accounting have a great role in supporting the competitiveness of the unit economic, so some ways have been suggested to develop each of the financial statements (income statement, balance sheet, statement of cash flows), balanced scorecard, and control strategy.

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