Question

. What is the implication of strategic planning and analysis for information provided by management accounting...

. What is the implication of strategic planning and analysis for information provided by management accounting systems?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Implication of strategic Planning and analysis for information provided by management accounting systems

Managerial accounting is the key element that cannot be omitted while developing managerial strategies.Managerial accounting infulences the decisions of management regarding strategies from the beginning, cost type accounting and primary cost centres that determine a low price as possible, secondary cost centers influencethe differentiation using IT and HR, to the end by profitability management that shows how successful a management strategy is.  

Implications also include the formulation of decisional judgements, analysis of resources use, analysis of price formation, control of all activities by specific methos and the supply of information regarding deviations and methods of correcting them, financial analysis of investment and so on.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How do strategic planning and strategic management differ?
How do strategic planning and strategic management differ?
Strategic cost management highlights enhanced cost measurement systems, paving the way for management accounting to retain...
Strategic cost management highlights enhanced cost measurement systems, paving the way for management accounting to retain its relevance in today’s environment. Strategic cost management consists of those actions taken by managers to concurrently reduce cost as well as enhance customer satisfaction with the aid of modified / new approaches and techniques in managing cost more effectively / strategically (Drury, 2012). Required: a)   Advanced manufacturing technologies (AMT) 1)   Describe the chosen costing tool / technique. 2)   Discuss how the chosen tool...
Strategic cost management highlights enhanced cost measurement systems, paving the way for management accounting to retain...
Strategic cost management highlights enhanced cost measurement systems, paving the way for management accounting to retain its relevance in today’s environment. Strategic cost management consists of those actions taken by managers to concurrently reduce cost as well as enhance customer satisfaction with the aid of modified / new approaches and techniques in managing cost more effectively / strategically (Drury, 2012). Required: a)   Advanced manufacturing technologies (AMT) i)   What are the challenges management accountants and companies face in adopting this tool...
Are "strategic management" and "strategic planning" synonymous terms? Explain. Your response should be at least 75...
Are "strategic management" and "strategic planning" synonymous terms? Explain. Your response should be at least 75 words in length.
Can be Cost Accounting information effectively used in assessing management planning, control and decision making by...
Can be Cost Accounting information effectively used in assessing management planning, control and decision making by the below mentioned ways.?
Which Is It? Here are some examples of different aspects of strategic management. a) Strategic planning...
Which Is It? Here are some examples of different aspects of strategic management. a) Strategic planning b) Managing strategic momentum c) Strategic thinking The senior leadership team of a plastics firm is developing its long-term goals in light of shifting global demand and new competitors. An internal public relations campaign is launched at the pharmaceutical company to address lagging employee engagement and misalignment between sales and manufacturing. The finance and marketing departments of the entertainment division hold a joint planning...
How would you use gap analysis in planning a strategic alliance?
How would you use gap analysis in planning a strategic alliance?
Provide a gendered analysis of household environmental management practices in Ghanaian cities and its implication for...
Provide a gendered analysis of household environmental management practices in Ghanaian cities and its implication for the health of women and children.
1) Improved understanding of competitors' strategies is : A)Benefits of Strategic Management B)Policies c)Pitfalls in Strategic...
1) Improved understanding of competitors' strategies is : A)Benefits of Strategic Management B)Policies c)Pitfalls in Strategic Planning D)none of all above 2) Assessing the Internal Environment by: A)Financial Ratios B) Analysis of Cultural c) Analysis of Economic D)Analysis of Social
Discuss in what ways the organisation’s strategic management accounting practices might have a bearing on ethics...
Discuss in what ways the organisation’s strategic management accounting practices might have a bearing on ethics (e.g., the ethical behaviour of managers, employees, customers, etc.) in 300 words
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT