The competitive edge of a business depends on a successful business strategy. Strategic management accounting is a kind of management where emphasis is given on the materials that relates to the external factors and information that does not relate to the finances of a firm. Accounting provides adequate information for the decision making process. Management accounting reflects the strategic approach of the business because most of the organizational strategies are completed using the prevailing data, which is majorly financial records. Management accounting has gradually improved over the past, which has led to the categorization of traditional and modern management Continue reading...
