The Role of Strategic Management Accounting in Business Continuity and Sustainability in Developing Countries
- Country : Iraq
- Subject : Strategic Management Account
Keywords : Strategic Management Account, Business Continuity Management, Sustainability, Cost benefit, Business Objectives
Abstract
Every organisation strives for continuity and sustainability in the competitive market. While organisations must ensure to have Business Continuity Management (BCM), it is also important to make sure it is deep rooted in core Strategic Management Accounting (SMA) techniques and principles. The main importance of SMA is demonstrated in its examination for support strategy as well as alignment to support better positioning. This paper is conceptual in nature and it fulfils its purpose by conceptualizing the influence of SMA on assuring business continuity and sustainability. In this paper, the SMA general roles taken into consideration incudes setting financial goals risk management and acquisitions. Of the numerous techniques, customer profitability analysis, competitive position monitoring, budgeting, costing, benchmarking and activity-based costing have been explained. The components of Business Continuity Management have also been examined in-depth. The role of SMA in Business Continuity have been thoroughly examined
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