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According to a Houston Chronicle article by Grant Houston, strategic management accounting is a form of business inquiry that combines the accounting criteria of an organization with external factors that influence the o... More »

www.reference.com Business & Finance Business Resources Accounting

Strategic management is important because it allows an organization to initiate activities, influence activities and be proactive rather than reactive in its strategy so that it has full control over its own destiny. Str... More »

A strategic plan is a document that delineates the goals of a company or an organization and establishes the actions that are necessary to achieve those goals. It encompasses all critical elements developed in the planni... More »

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The functions of managerial accounting include analyzing, collecting and reporting information regarding the finances and operations of a business. Managerial accountants typically report data, statistics and recommendat... More »

www.reference.com Business & Finance Business Resources Accounting

The main advantages of an accounting information system are the increased speed of processing the numbers, efficient organization, and classification and safety of inputted data. This contrasts the manual evaluation of i... More »

www.reference.com Business & Finance Business Resources Accounting

People need accounting because it keeps a record of cashflow, produces financial reports and monitors business expenses of an organization, according to the Houston Chronicle. Accounting helps owners make vital decisions... More »

www.reference.com Business & Finance Business Resources Accounting

A line item budget is an accounting method that lists all of an organization's expenditures based on the department or cost center. Each department's expenditures are given a separate line on the budget. This method help... More »

www.reference.com Business & Finance Business Resources Accounting