Strategic Management Accounting: Challenges in Accounting Practices

Abstract

Strategic management accounting has developed for the last thirty years and has not shown similar agreement in comprehending the concepts and the techniques. Strategic management accounting techniques which are adapted depends on the point of view towards the concepts of strategic management itself. Various concepts and applications of accurate Strategic management accounting has been developed and studied in order to achieve competitive advantage. It becomes a challenge for the practice of accounting in providing relevant information in making strategic decisions for the company. The study aims at providing a knowledge concerning the point of view of recently developed Strategic management accounting, the definition of Strategic management accounting, and employed techniques.

Keywords:Management Accounting, Strategic management accounting, Strategic management accounting Techniques