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What are differences between management accounting and strategic management accounting?

Answer:

Management Accounting:

The internal business building role of accounting and finance professionals who work inside organizations. These professionals are involved in designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing, and aggregating information-to help drive economic value.

Strategic Management Accounting:

An advanced form of management accounting that attempts to include information about an entity's competitors in the reports prepared for the internal management of the entity.

First answer by ID1315287439. Last edit by ID1315287439. Question popularity: 2 [recommend question].

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