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Essay text:
It is highly unlikely that all the predicted outcomes from these action plans will be achieved.
There is therefore need for a process of evaluation, control and modification, where necessary. Thus, strategic management is a continual, iterative process.
Diagram 1.1
Accounting for strategic management must operate successfully in this changing, evolving environment if it is to make a positive contribution to the financial aspect of this strategic analysis, planning and control process.
? Traditionally, little attention to strategic issues. Too much focus on internal issues
? Also a peanut-butter approach to cost allocation...
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Common topics in this essay:
- An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management
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