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 training 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.