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Chartered Institute of
Management Accountants
Chartered Institute of
Management Accountants
ManageMent accounting
in Support of the Strategic
ManageMent proceSS
CIMA Executive Volume 11
Summary Report Issue 1
ManageMent accounting in support of the strategic ManageMent process – for More inforMation viSit www.ciMaglobal.coM 2
Key ConClusions
• accountants’ invovnt in t static • t is itt vinc o an ’tna ocus’ as
anant ocss ns on sust t ciMa finition o static
– oanisationa osition t cutu o t anant accountin atou t is
oanisation ationsi
it ceo an tacin o co tito osition an icin ut
ciiit no vinc o co tito anasis.
– aiitis o t accountant ot tcnica • Manant accountin ais static cision
an int sona an i otant desire ain via t ovision o financia anasis
to contiut to stat vo nt ut t ocus is on oviin so assuanc
tat t static cision as t potential
– soucs avaia. routin ont to via
it static actos otn ivn
otin a su out on t o
it.
static activit. • patici ants stss onitoin o ains
• t t ‘static anant accountin’ ocastin an vaianc anasis as
as not oo u on avoua atici ants activitis uin i ntation an vaua
o t t ‘usinss atnin’ in uts to utu stat vo nt otn
to sci ti activitis in su otin t via sinain t n o static action.
static anant ocss.
• Man o t tcnius otn aca as
‘static anant accountin’ a itt
us.
• tcnius tat are us in stat
ouation incu ncain custo
ofitaiit anasis at contiution ain
v an invstnt a aisa. So isticat
costin tcnius a itt us.
pB
AbstrACt contentS
introuction
obectiveS
This paper reports on the findings of a ¡ reSearch Methoolog¢
CIMA-sponsored study into the extent to reSearch Metho
which management accounting supports theoretical fraMewor
the strategic management process.
£ iScuSSion an finingS
it
as uin t s tat
its an to citicis concluSionS
anant accountin o not auat svin t ns
o snio anas in t ouation o stat an sustainin ¡ recoMMenationS
a co titiv avanta. at t sa ti a o o itatu
aoun t vo nt o static anant
accountin SMa
ic ois to ans
t citicis.
ho
v to at t as n no ant on
at
constituts SMa. nit as t t nt t icon
o accountin ossionas.
t finins o tis stu as on intvi
s
it financ
ossionas
oin in usinss inicat tat s it not
usin t t SMa accountants can an o a an activ
contiution to t static anant ocss. t an o
tcnius utiis a not as tnsiv as vious stuis
into SMa av sust. aso t to
ic accountants
a a to co invov is influnc oanisationa
actos t an o attiuts ossss t accountant an
t acticaitis invov in nain t accountant to o
is o. t cosst t tat fins t o o accountants
n invov in t static anant ocss is tat o
‘usinss atnin’.
ManageMent accounting in support of the strategic ManageMent process – for More inforMation viSit www.ciMaglobal.coM 2
introduCtion
In the 1980s management accounting was criticised for becoming too internally
focused on operational issues and was providing little help to managers making
strategic decisions. The term strategic management accounting (SMA) was
introduced by Simmonds (1981, p.26) and defined by him as ‘the provision and
analysis of management accounting data about a business and its competitors,
for use in developing and monitoring business strategy’.
Since then several attempts have been made to refine this definition and identify
a set of techniques that can be classified under the banner of SMA. However
there has been little agreement within the academic and professional literature
on the definition of SMA and the associated techniques, nor is the term widely
used by practising accountants (Langfield-Smith, 2008; Jorgensen and
Messner; 2010; Nixon et al., 2011).
objeCtives
The project seeks to investigate and enhance understanding of:
1. t tnt to
ic anant accountin is utiis to su ot
static cision ain an t static anant ocss
itin oanisations.
2. t ost coon as cts o static cision ain
anant accountin is sn to a a sinificant contiution.
3. t anant accountin toos tat a utiis in a static
contt.
4. t tnt to
ic it is ossi to fin t conc t o static
anant accountin
itin a
i finition o anant
accountin.
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