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Kamal, Cut Nadira Putri
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Integrated Cost Accounting and Investment Analysis: Transformative Insights for Strategic Decision-Making and Financial Performance Enhancement Kamal, Cut Nadira Putri
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 6 No 3 (2023): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v6i3.4391

Abstract

In navigating the complex and dynamic landscape of contemporary business, there is an increasing demand for innovative strategies in decision-making, resource allocation, and sustainable growth. Integrated Cost Accounting and Investment Analysis (ICAIA) has emerged as a revolutionary framework, offering a comprehensive method that intertwines the principles of cost accounting and investment analysis. This extensive study employs a mixed-methods approach, utilizing in-depth interviews, case studies, and a large-scale survey to thoroughly examine the effectiveness of ICAIA implementation. The qualitative data analysis, facilitated by NVivo 12 software, uncovers a positive correlation between the adoption of ICAIA and enhanced financial performance. This improvement manifests in higher profit margins, increased return on assets, and a larger market share for organizations implementing ICAIA. The perceived benefits by these organizations span a spectrum, including augmented decision-making precision, strategic alignment, cost efficiency, and improved competitive positioning. The success of implementing ICAIA is contingent on several factors, prominently featuring robust leadership commitment, seamless data integration, and a culture emphasizing continuous improvement. This study presents compelling evidence that ICAIA not only offers a transformative paradigm for strategic decision-making but also contributes significantly to the enhancement of financial performance. Organizations that embrace ICAIA and cultivate a data-driven culture are poised for long-term success in the ever-evolving business landscape.