Question

Implementing strategic management
accounting can be an arduous and
expensive process for
a. companies
b. clients​

Answer 1

Answer:

Strategic management accounting works in tandem with other organizational departments to create value for consumer goods and services. ... Business owners use strategic management accounting to review the costs associated with these activities to ensure the company does not lose its relative cost position.

Many of the techniques often packaged as 'strategic management accounting' are little used. Key techniques that are used in strategy formulation include benchmarking, customer profitability analysis (at contribution margin level) and investment appraisal. Sophisticated costing techniques are little used.