2004 Volume 12 Issue 2 Pages 19-33
With regard to strategic management accounting, many articles have paid much attention to the concepts of double-loop feedback and feedforward. This paper aims to examine the relationships between feedback and feedforward, single-loop and double-loop, output and outcome, and then to emphasize the limits of single-loop and double-loop feedback and the necessity of feedforward for strategic control. Moreover, it attempts to place the strategic management accounting methods such as Target Costing, ABC/ABM/ABB, BSC on framework constituted of feedforward and feedback, and to show theoretical shift of weight from feedback to feedforward in development of strategic management accounting.
