Management Accounting in Support of Strategy: How Management Accounting Can Aid the Strategic Management Process

Management Accounting in Support of Strategy explores how management accounting can support the strategic management process of analysis, formulation, implementation, evaluation, monitoring, and control. If the management accountant is to add value to the business they need to understand how the business works. The toolbox available to the management accountant does not just contain the accounting techniques, but also includes the strategy models and frameworks described in this book. Armed with this array of tools the management accountant is well placed to add significant value to the business. The reader will gain an understanding of the strategic management framework, strategic models and tools, and how management accounting can support the strategic management process. It will be beneficial for undergraduate and postgraduate course students studying strategy or management accounting. The book will also enable practicing accountants to understand how they can make a significant contribution to the success of their organization by demonstrating how management accounting can be used in support of strategy.

Dr. Graham S. Pitcher is currently a consultant in professional and higher education and a senior lecturer at Nottingham Business School in the United Kingdom. Following a successful career as a management accountant and senior manager in manufacturing and service sector organizations, Graham moved into professional education teaching accounting and business strategy to accountants, marketers, lawyers, and human resource professionals. He has held senior positions in private sector higher education institutions, such as the dean of BPP Business School and director of business education. He has authored numerous articles on management accounting targeted at students and practitioners, and continues his research interests in management accounting in support of strategy.