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Accounting for Managers: Interpreting Accounting Information for Decision-Making, Canadian Edition by Eckhard Schumann, Sandy M. Kizan, Paul M. Collier

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CHAPTER 16

Strategic Management Accounting

LEARNING OBJECTIVES

After reading this chapter, you should be able to answer the following questions:

images What is strategic management accounting and how does it differ from traditional management accounting?

images When developing strategies for a company, why is it important to identify external factors (such as Porter's five forces: threat of new entrants, power of buyers, power of suppliers, threat of substitutes, and competitive rivalry)?

images How can value chain analysis be used to identify areas of strategic opportunity for a company?

images How can a company assess which customers are the most profitable?

images In what ways is activity-based management (ABM) a strategic management accounting approach?

images Why does life-cycle costing provide a more accurate picture of a product's profitability than traditional costing techniques?

How can cost-reduction tools such as ...

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