What Is Strategic Management Accounting?

Answer

Strategic management accounting is a much more detailed position than just accounting. This position oversees and handles all aspects of a company and also keeps up to date on what outside industries are doing. This is what keeps the company turning a profit, by staying ahead of everyone else.
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Senior leadership controls costs and operating expenses through periodic budgets. A budget is a pivotal management accounting tool because it helps top management and department heads
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Strategic management is the act of critically thinking and creating intricate steps to complete a particular process. Strategic management is used for providing an effective business
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Strategic management allows and organization to be more proactive than reactive in shaping its own future; it allows an organization to initiate and influence activities and thus
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Managerial use of cost information for the purpose(s) of establishing organizational strategy, controlling the success methods to achieve the strategies, and evaluating the level
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Ask.com Answer for: what is strategic management accounting
What Is Strategic Management Accounting?
Strategic management accounting is a type of accounting that focuses not only on internal factors of a company, but factors that are external. This includes industry-wide financials, averages and upcoming trends.... More »
Difficulty: Easy
Source: www.ehow.com
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Strategic management is important because is helps in setting detailed goals, analysing all our internal and external resources, analysing our external environment ...
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