Strategic Management Accounting Procedures and Strategies Analytical Essay by Hans

A paper differentiating between standard management accounting and strategic management accounting procedures and strategies.
# 149890 | 2,668 words | 17 sources | APA | 2010 | GB
Published on Jan 11, 2012 in Business (Accounting) , Business (Actuarial Science) , Business (Management) , Accounting (General)

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The paper examines whether or not the future of management accounting lies in the form of strategic management accounting or not. In order to answer this question, the paper first considers the concepts of both management accounting and strategic mismanagement accounting. The paper then goes on to examine the limitations of management accounting. The paper then looks at to what extent strategic management accounting as a concept is able to off set the problems and limitations associated with standard management accounting processes and practices.
1.0 Introduction
2.0 Key Concepts
3.0 Management Accounting Limitations
4.0 Strategic Management Accounting
5.0 Conclusion

From the Paper:

"In the first instance, one should define the concepts of management accounting and strategic management accounting. Accounting is traditionally split into two broad categories in the form of financial accounting and management accounting (Dyson 2007). On the one hand, financial accounting is concerned with the communication of information largely to external stakeholders such as shareholders, taxation authorities and Companies House (Brigham and Ehrhardt 2005). Financial accounting typically sees a focus on a business wide view of a company's financial position and is focused on the meeting of statutory requirements and compliance with regulations.
"Management accounting on the other hand is focused on the provision of information to internal stakeholders, such as financial managers and operations staff. The point of management accounting is to provide information, which is useful to managers of all departments and levels, so as to enable better decision making (Drury 2004). Management accounting differs from financial accounting, in that there are no legal requirements for the provision of management accounting information and management accounting practises are likely to focus on specific segments of an organisation, rather than the reporting of business wide statistics."

Sample of Sources Used:

  • Brigham, E, F, Ehrhardt, M, C. 2005. Financial management theory and practise. 11th ed. Australia: South-Western Publishing.
  • Coad, A. 1996. Smart work and hard work: explicating a learning orientation in statgic management accounting. Management accounting research. 7 (4) pp387-408.
  • Dixon, R, Smith. 1993. Strategic management accounting. Omega. Vol.21. Iss. 6. Nov. PP605-618.
  • Drury, C. 2004. Management and cost accounting. 6th ed. Australia: Thompson.
  • Dyson, J, R. 2007. Accounting for non-accounting students. 7th ed. Harlow: FT Prentice hall.

Cite this Analytical Essay:

APA Format

Strategic Management Accounting Procedures and Strategies (2012, January 11) Retrieved September 26, 2022, from

MLA Format

"Strategic Management Accounting Procedures and Strategies" 11 January 2012. Web. 26 September. 2022. <>