Question

In: Accounting

strategic management accounting is not concerned with? a- how an organisation can improve its relative position...

strategic management accounting is not concerned with?
a- how an organisation can improve its relative position
b- how to ensure all indirect expenses are allocated to the correct product
c- long term planning for the organisation
d- how the organisation is measuring up against competitors

Solutions

Expert Solution

Answer: (b) How to ensure all indirect expenses are allocated to the corrct product.

Explanation:

Strategic Management Accounting: Strategic Management Accounting is related to insider and outsider factors of business like competitor analysis, effect of government policies , long term planning for the business and relative cost position.

so strategic Management Accounting is concerned with :

How an organisation can improve its relative position.

Long term Planning for the organisation.

how the organisation is measuring up against competitors.

And Strategic Management Accounting is not concerned with how to ensure all indirect expenses are allocated to the correct product.

so the correct option is (b) How to ensure all indirect expenses are allocated to the corrct product.


Related Solutions

Discuss (i) what Strategic Management Accounting is, (ii) in general how Strategic Management Accounting can provide...
Discuss (i) what Strategic Management Accounting is, (ii) in general how Strategic Management Accounting can provide information which meets the requirements of senior managers in seeking to realise corporate objectives, and (iii) specifically explain in what ways management accountants can adapt the services they provide to the new environment.
How can an organization improve its revenue cycle management?
How can an organization improve its revenue cycle management?
How globalisation has influenced management accounting in a modern organisation.
How globalisation has influenced management accounting in a modern organisation.
How to apply business ethics relative to how strategic management is portrayed in the Robin Hood...
How to apply business ethics relative to how strategic management is portrayed in the Robin Hood case?
How can the firm's SMA "strategic management accounting" practices have an effect on the ethical behavior...
How can the firm's SMA "strategic management accounting" practices have an effect on the ethical behavior of managers, employees, customers, etc?
How Managerial Accounting Practices support Strategy and Strategic Management ?
How Managerial Accounting Practices support Strategy and Strategic Management ?
How can management engineer culture in an organisation? What specific actions can management take to influence...
How can management engineer culture in an organisation? What specific actions can management take to influence organisational culture?
Which of the following statements are true relative to management accounting?
Which of the following statements are true relative to management accounting? A. Management accounting is only concerned with historical information. B. Management accounting provides information to help plan short-, medium- and long-term operations. C. Management accounting is solely guided by accounting principles. D. Management accounting reports only to external parties. E. Management accounting information is primarily for internal use. F. Management accounting information can be both financial and non-financial. G. Management accounting is never detailed. H. Management accounting is highly regulated.
Propose ONE new strategic initiative for the organisation to implement. This initiative can be a major...
Propose ONE new strategic initiative for the organisation to implement. This initiative can be a major functional initiative, such as marketing, use of technology, product (service) innovation/development, and M&A. Describe its contents in details and justify why it is strategic.
How can we use game theory to improve strategic decision-making? How can we use game theory...
How can we use game theory to improve strategic decision-making? How can we use game theory in the construction and/or design of a strategy?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT