Management Accounting Careers -

Running head: MANAGEMENT ACCOUNTING
Management Accounting
Name of the Student:
Name of the University:
Author’s Note

MANAGEMENT ACCOUNTING
1
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Conclusion.......................................................................................................................................5
Bibliography....................................................................................................................................7

MANAGEMENT ACCOUNTING
2
Introduction
Strategic management can be defined as the management accounting processes which
helps the management of a company to implement strategic processes which can then
accommodate strategic visions of the business. In the modern business environment, strategic
management can be referred to as a primary tool which allows the management of a company to
take decisions and also helps the businesses to develop a competitive advantage in the operations
of the business. In other words, strategic management accounting can be referred to as a practice
which utilizes both financial and nom-financial information for the purpose of taking a decision
which would be assisting the organization in achieving the goals of the business. The
effectiveness of accounting is further enhanced and the same has a role to play in strategic
planning for a business. In fact, there has been several companies which hires Certified public
accountants for such a purpose.
Discussion
The business environment which is current seen in developing countries reveals that the
level of competition which exists in the market is significantly high depending on the nature of
the industry. It is therefore for such reasons that strategic management practices are quite
common in companies. Besides competition, there are several other factors which makes
businesses to implement strategic management techniques in a business. Some of the factors
which can be identified to be responsible for implementation of strategic management tools are
listed below in details: