Strategic Managment Accounting

Chapter Seventeen

Strategic focusing invoice and the Balanced Scorecard
Learning objectives
afterwards studying Chapter 17, you should be able to: 1 De?ne the concepts of scheme and strategic management accounting 2 Understand the encroachment of corporate strategy on management accounting 3 See how strategy requires extra information on competitors, suppliers and technologies 4 Understand some basic strategic models and their relationship with management accounting techniques such as NPV 5 Examine the blow of lean technologies and benchmarking 6 Understand how a balanced visiting card ?ts to doctorher and how it supports a companys strategy 7 Consider the impact of emergent strategies and organizational tuition on management accounting and control

What is strategic management accounting?
learning objective

1

learning objective

2

The term strategic management accounting (SMA) has been employ to describe the process of provision and analysis of management accounting data about a business and its competitors for use in developing and monitor business strategy.1 We may expand the basic ideas of SMA by looking at one of the tether retailers in the United Kingdom, Tesco, which has tailored its key performance indicators to the economics of its business.



For example, rather than maximise EVA, Tesco has realised that its main ?xed assets are its stores. With this case of asset base, the company aims to reduce the cost of building good enough quality new stores with strategic partnering with construction companies. In order to check its market positioning, the company is constantly monitoring the prices of its merchandise relative to the prices charged by its main competitors. As well as promoting customer loyalty, it uses its store card as a database for targeting the speci?c needs of individual customers as revealed through their purchase patterns. It also keeps a close eye on non-?nancial indicators such as the length of queues at the check-outs....If you want to get a full essay, order it on our website: Ordercustompaper.com



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