
The role of management accounting in strategic decisions
Emerald insight Ltd ePublications
Item Record
Preview Book
Publication Year | 2021 |
Publication Month | June |
Volume Number | 38 |
Issue Number | Issue 1 |
Pages | 18-32 |
Journal Title | Advances in Strategic Management: A Research Annual |
Author(s) | |
Author Affiliation(s) |
|
Affiliation(s) | Associate Professor in Industrial Relations at the University of Iowa's Tippie College of Business. |
ISSN | 0742-3322 |
Indexed By | Emerald insight Ltd Online |
Language | English |
Accreditation(s) |
|
Full Text | Full Text.pdf |
Abstract
This article deals with the central role of management accounting in shaping strategic decisions in organizations. By integrating financial data, performance measures, and forecasting techniques, management accounting provides important insights that help formulate and evaluate strategic choices. Through a comprehensive literature review and case studies, this research explains how management accounting techniques such as cost-volume-profit analysis, budgeting, variance analysis, and balanced scorecards help enhance decision-making processes at various organizational levels. they do In addition, this paper examines the evolving landscape of management accounting practices in the digital age and their impact on strategic decision-making. Finally, this study emphasizes the importance of aligning management accounting practices with strategic goals to foster sustainable competitive advantage and organizational success. The role of management accounting includes analyzing past performance, predicting future trends, and creating strategies for business success. These steps ignore the detailed processes that are critical to management accounting.
|