Comments about Strategic Management Accounting, Incorporating Balanced Score Card - Postgraduate Course - Online
The successful management of a business
depends on having a successful business strategy. Consequently, the strategic
evaluation of organizational issues entails the analysis of a range of diverse
factors. The existing and latent needs of the customer, the nature of product
markets, changes in economic circumstances and altering social factors affect
the way in which organizations can be reactive or proactive. Such observations
have triggered calls for more strategically extensive management accounting thinking.
Strategic Management Accounting is a form of
management accounting in which emphasis is placed on information, which relates
to factors external to the firm, as well as non-financial information and
internally generated information. This seminar is to place management
accounting within the context of the strategic management of a business and to
provide a practical, yet academically rigorous, framework for applying
management accounting techniques and concepts in this competitive environment.