Abstract
At the present stage of social development economic entities face various problems that threaten not only their stability in the market, but also their survival. Such problems can take many forms, ranging from financial scandals and setbacks to epidemics, natural disasters, clashes between employees and even terrorist attacks. These problems are beyond companies’ control, but when if necessary they can respond to changes in the external and internal environment. This is the case when such changes, even conditionally, fit into the strategy of their operation, and the information about such changes is submitted for making strategic management decisions in a timely manner. Strategic management accounting is a key to the readiness of a company to address the challenges of tomorrow. Strategic management accounting of today is more than merely a block of information designed for long-term planning. Strategic management accounting is primarily organizational activity which examines the environment of a company. The information collected is used to analyze the possible strategic alternatives and coordinate actions to implement them. Crisis management today is a consequence of various crisis phenomena that arise both in the external and internal environment of the company.Crisis management involves the strengthening of the company’s ability to respond to various forms of crisis flexibly and quickly. The purpose of organizational crisis management is to make timely decisions based on strategic management accounting information.
Highlights
At the present stage of social development economic entities face various problems that threaten their stability in the market, and their survival
Coombs believes that crisis sources claim that the history of crisis management managers must provide crisis-related information to started with large-scale industrial and environmental stakeholders and at the same time demonstrate comdisasters in 1980s [20]
A crisis is regarded as a process of and multifaceted category because it combines the eletransformation within which the old system of running ments of both management accounting and strategic a business cannot continue its existence [21]
Summary
A process when there is a threat of causing damage to a most interest According to his concept effective crisis company and its stakeholders as well as to the society, response strategy includes two key elements: compasenvironment, state, etc., is known as a crisis. Following the general approach passion for victims Reporting this information is to crisis management most definitions of crisis in an not an easy undertaking. The organization of strategic entity include three elements: it threatens an entity; management accounting is a possible way to solve the the event is unexpected and an entity does not have problem of providing such information. This is an approach which determines the Crisis management involves addressing threats modern contents of strategic management accounting. Internally generated information” [9]
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