An Evolution: Turning Management Accounting into a Strategic Function

Mark Pickering

Chapter Chapter 8 in Effective Implementation of Transformation Strategies, 2022, pp 177-201 from Springer

Abstract: Abstract In the past, management accounting was the set of techniques accountants used to analyse and reinterpret financial data to help other managers understand the decisions they needed to make to achieve their organisation’s goals. Because the decisions made were mostly centred on the different ways the organisation could achieve greater levels of efficiency, management accounting was not considered to be very strategic. However, with the increasing need to establish links between strategic management and operations through financial information to understand if strategy is being effectively implemented, an evolution occurred. Management accounting turned into strategic management accounting, a function that was designed to help managers make strategic management, operational management, organisational design, financial and capital management decisions or combinations of these. This chapter elaborates on what this involves with a special emphasis on how integral strategic management accounting is when enabling the organisation’s decision-makers to effectively implement a strategy.

Keywords: Management accounting; Strategy; Implementation; Evolution (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-2336-4_8

Ordering information: This item can be ordered from
http://www.springer.com/9789811923364

DOI: 10.1007/978-981-19-2336-4_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().