The use of performance accounting and its role in supporting and achieving competitive advantage: A field study on the Arabian Gulf Oil Company

Abstract

The study addressed the use of achievement accounting and its role in supporting and achieving competitive advantage for Libyan industrial companies. The problem of the study was that traditional cost systems are not considered accurate in providing information that would help support and achieve competitive advantage in Libyan industrial companies, which necessitated research. About modern systems, especially the method of accounting for achievement, The study aimed to clarify that accounting for achievement represents a new method in the field of accounting as a result of the continuous changes in the labor market and intense competition, which requires diversifying products and increasing their quality to remain competitive, and the role of accounting for achievement in supporting and achieving competitive advantage for Libyan industrial companies. The study followed the method Analytical descriptive the study reached several results, the most important of which are: The method of accounting for achievement focuses on the main goal of the company, which is to maximize profits resulting from the actual sales process and not just production. The study recommended the necessity of conducting surveys on the level of application of Libyan industrial companies to the method of accounting for achievement in order to change the reasons for non-application in many companies.