Management accounting is primarily about providing information for managers to enable them to manage the business. This includes supporting decision making at operational, business, and strategic levels within the organization. Many of the conventional accounting techniques are said to be too internally focused, primarily financial in nature, and best suited to supporting operational rather than strategic decision making. In the early 1980s authors began to suggest that accountants should look externally and provide information concerning competitors and markets. The term strategic management accounting was used to differentiate accounting techniques that focused on strategic aspects of the business from the more traditional tried and ...
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