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To what extent does strategic management accounting contribute to global competitiveness? Illustrate your answer through an anal
Finance & Accounting
Pages 6 (1506 words)
Strategic Management Accounting Table of Contents Table of Contents 2 Literature Review 3 Role of Strategic management accountant and its contrast with traditional management accountant 3 The contribution of strategic management accounting techniques for increasing the global competitiveness 5 Practical implications 5 Critical View 6 Reference List 7 Literature Review Role of Strategic management accountant and its contrast with traditional management accountant Strategic management accounting which is one of the forms of management accounting emphasizes on the information related to the external and non-financial factors of an organization.
As a result they provide incomplete set of measures (Bowhill, 2008). The traditional management accountant fails to cover the assessment related to relative cost situation of its competitors. It is due to this reason that strategic management report is considered to be one of the most important forms of management accounting in the present days. The strategic management accountant emphasizes on the cost position, the procedure for an organization to achieve sustainable cost advantage and the cost of differentiation through which the products of an organization can be differentiated from others. The transition in the strategic planning and decision-making of the organizations can be seen through increasing incidence of various accounting tools like value chain analysis, balance score cards etc. ...
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