Strategic Management Accounting - 13457 Words

The current issue and full text archive of this journal is available at www.emeraldinsight.com/0951-3574.htm AAAJ 21,2 Strategic management accounting: how far have we come in 25 years? Kim Langï ¬ eld-Smith Monash University, Melbourne, Australia Abstract Purpose – The purpose of this paper is to provide a review of the origins of strategic management accounting and to assess the extent of adoption and â€Å"success† of strategic management accounting (SMA). Design/methodology/approach – Empirical papers which have directly researched SMA and prior review papers of the adoption and implementation of SMA or SMA techniques are reviewed. As well as assessing the extent of adoption of SMA and the reasons underlying an apparent low adoption†¦show more content†¦As well as reviewing empirical papers which have directly researched these issues, prior reviews of SMA adoption and implementation will also be utilized. Thus, in some respects this paper is a â€Å"review of reviews† of SMA. As well as assessing the extent of adoption of SMA and the reasons underlying an apparent low adoption rate, the role of accountants in adopting and implementing SMA is considered. Finally, the success or otherwise of SMA i s discussed. The paper is organized as follows. In the next section SMA will be deï ¬ ned. This will be followed by a recount of the development and possible demise of SMA as provided in a recent chapter by John Shank (2007). Wider perspectives on the origins and development of SMA are then presented, drawing mainly on the works of Bromwich and Bhimani (Bromwich, 1990; Bromwich and Bhimani, 1989, 1994) and Roslender and Hart (Roslender, 1995, 1996; Roslender and Hart, 2002, 2003). This is followed by a selective review of the literature that addresses adoption, implementation and success of speciï ¬ c SMA techniques and practices, which includes descriptive and theoretically-grounded case studies, and surveys of practice. The role of management accountants in the adoption and implementation of SMA is then considered, and in the ï ¬ nal section the state of play of SMA is assessed and opportunities for future researchShow MoreRelatedStrategic Management Accounting1773 Words   |  8 PagesSTRATEGIC MANAGEMENT ACCOUNTING This report will attempt to explain what Strategic Management Accounting (SMA) is, how it developed, why Traditional Management Accounting (TMA) is not sufficient to provide information for strategic decisions and the difference between SMA and TMA. It will further outline some of the essential analytical tools or techniques in SMA such as Activity Based Costing (ABC) and the Balanced Scorecard (BSC). SMA is an extremely broad concept, so in order to give a bird’sRead MoreStrategic Management Accounting2093 Words   |  9 PagesWhat is Strategic Management Accounting? And why, Strategic Management Accounting? 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