Strategic Management Accounting is a new form of management accounting on information relating to external business situations, non-financial informatic internal information relating to various business decisions. With new chai business environment such as the global competition and vital needs for custor managers are now looking for new approach in business that is Strategic Ma Accounting. The new Strategic Management Accounting is concerned with providing “ma accounting in the context of business strategies being planned and implemen organisation". With new challenges in business environment such as t competition and vital needs for customer focus, managers are looking for new that is Strategic Management Accounting, in order to gain competitive adva business. Required: Explain about the definition and the three areas of Strategic Management A that makes it different from conventional management accounting.

Strategic Management Accounting is a new form of management accounting on information relating to external business situations, non-financial informatic internal information relating to various business decisions. With new chai business environment such as the global competition and vital needs for custor managers are now looking for new approach in business that is Strategic Ma Accounting. The new Strategic Management Accounting is concerned with providing “ma accounting in the context of business strategies being planned and implemen organisation". With new challenges in business environment such as t competition and vital needs for customer focus, managers are looking for new that is Strategic Management Accounting, in order to gain competitive adva business. Required: Explain about the definition and the three areas of Strategic Management A that makes it different from conventional management accounting.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

How can administrative processes be improved to enhance efficiency and effectiveness?
How management accounting evolved into what it is today
Explain the model business coporation act.
Define benchmark company
-How management accounting information is used for strategic and operational decision-making.
Describe the planning function of managerial accounting.
Define lean accounting.
An essay of the Role of Perfomance Management Techniques in improving Organizational Performance
Discuss the role of technology in enhancing strategic planning and decision- making.
pros and cons of both computerized and manual accounting systems.
1. What STRATEGIC MANAGEMENT? 2. What STRATEGIC MANAGEMENT accounting?
•Describe the role of management accounting in providing information to managers for decision making, planning and control. •Identify the nature of cost elements and their behaviour.