Abstract

This book critically analyzes the concept of strategic management accounting, the implications this emerging paradigm will have on the accounting profession, and the ramifications for businesses at large. While there has been significant research and publication regarding the concept of strategic management accounting (SMA), this book approaches the area in a unique and innovative way. This manuscript approaches the topic in a way that is unique by linking the concept of SMA to the integrated reporting framework. In essence, strategic management accounting is a theory with broad-based support, but the IR framework and reporting structure provide a vehicle through which progress, costs, and benefits of a more strategic accounting function can be evaluated. Focusing on principles, primarily for internal management utilization, the following provides an outline and summary of concepts and techniques that can be used to elevate the role of the management accounting function. Whether you are a management expert, an accounting professional, or simply someone looking to keep up-to-date with emerging business trends, this text provides the content, and action-oriented steps to meet those expectations.

Keywords

accounting, finance, integrated reporting, multiple capital model, strategy, strategic management accounting