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Explain the desired attributes of management accounting

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Reference no: EM132614615

Some people believe that traditional management accounting systems cannot provide sufficient information for strategic decisions. Strategic Management Accounting (SMA) can provide better information, enabling managers to link the management accounting system to the organization's strategic goals. However, to have strategic value, SMA must help achieve key strategic goals related to quality, cost and time. At the same time, management accounting information must have the necessary technical, behavioral and cultural attributes to help achieve strategic goals.

Problem 1: Consider the original information. Explain clearly with a suitable example the inter-relationship between the key strategic objectives and the desired attributes of management accounting.

Reference no: EM132614615

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