The Role of Resource Consumption Accounting in Achieving Competitive Advantage for Economic Units

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The Role of Resource Consumption Accounting in Achieving Competitive Advantage for Economic Units

Abstract

This research discusses the importance of (RCA) as an accounting and administrative tool in achieving competitive advantage for economic units. The main objective of this research is to explore how (RCA) can contribute to improving economic units’ financial and operational performance, thus enhancing their ability to compete in markets. The research relies on an analytical methodology that includes reviewing previous literature and analyzing the financial and operational data of the Diwaniyah Tires Factory through interviews with managers and accountants to understand the role of (RCA) in administrative and strategic decisions. At the same time, the most prominent conclusions indicate that the application of (RCA) contributes significantly to allocating the costs of products that are closest to accuracy by avoiding waste and getting rid of idle, unused energy, and improving the product quality by precisely specifying the resources needed for each production process. Thus, this research concluded that (RCA) is not only an accounting tool but a comprehensive strategy that contributes to Achieving competitive advantage by improving the use of resources, enhancing capabilities to adapt to changes, and achieving better performance

Muthanna Journal of Administrative and Economic Sciences, 2024,Volume 14, Issue 4, Pages 17-32

DOI:10.52113/6/2024-14-4/17-32

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