ADVANCE MANAGEMENT ACCOUNTING

INTRODUCTION

Advanced accounting is that concept where it involves various issues of companies such as cost management, management control system. These both are recognized as importantly in now a days. While analysing these issues it provides the benefits and disadvantage of the management accounting system. In organisation it promotes the critical interpretation of the use of control system and management of information. In present report the role of management accountant has been discussed and the strategic management accounting has been explained. Along with this, the selection process has been described which includes the competitors analysis, stakeholder analysis. Further, the four forces of effective strategy has been evaluated which gives the best possible of outcomes. Strategic management accounting is beneficial for the organisation to take better decision for the achievement of future goals and objectives. Some concepts has been mentioned in this report which support the statements of various authors (Kaplan and Atkinson, 2011).