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Strategic Management Accounting: the reasons for the lower than expected profits of Manac Plc
Finance & Accounting
Pages 10 (2510 words)
Strategic Management Accounting Table of Contents 1 Table of Contents 2 Introduction 3 Standard Costing & Absorption Costing 4 Models & Concepts Affecting Pricing Decisions 5 Transfer Pricing Strategy 6 Cost-Plus Pricing Strategy 7 Parity Pricing Strategy 7 Second Market Pricing Strategy 8 Low Price Supplier Strategy 9 Complementary Product Pricing 9 The Role of Standard Costing & Variance Analysis in Management Accounting 10 Importance & Limitations of Variance Analysis 11 Advantages and Disadvantage of Activity Based Costing System Instead of Absorption Costing System 11 Conclusion 13 References 14 Introduction Strategic Management Accounting (SMA) refers to the prerequisites and the invest
SMA was defined to be the condition of factual information for the reason of encouraging strategic decisions taken in an organisation (Collier, 2003). With regard to this particular decision, it could be stated that the condition relating to the nature of the information which encourages the vital decisions that contributes towards the long-term success of an organisation could be stated to be the function of SMA. The vital decisions entail the implementation of costing information which is activity-based with the objective of offering data associated with the product mix and the introduction as well as rejection of decisions. It has been also stated that the methods related to strategic accounting were structured to provide encouragement to the competitive strategy related to an organisation on the whole. ...
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