You should
choose examples from your own experience
or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real companies.
1- Examine and discuss the characteristics of Net present value(
NPV) and the role that this method plays in capital investment decision making. ?2-In addition, discuss the advantages of using this method instead of the other evaluation methods examined this week?(Please check lecture note attached for others methods)Not: - this question are consist of TWO (2) parts please cover all these questions in this assignment(IN DEPTH) in order to my requirements too
Need about 500 words.
MY REQUIREMENTS:-
PLEASE READ ARTICLE AND BOOK ATTACHED BEFORE START WRITE THIS ASSIGNMENT.
Chose a subtitle in you writing.
It MUST important to use my ATTACHED FILES(ARTICLE AND BOOK)
on references.
PLEASE WRITE THIS ASSIGNMET ON DEPTH
(GENERAL WRITING IS NOT ACCEPTABLE).
Referencing (in text citation)
should be evident in the discussions.
- Please you should
choose examples from your own experience or find appropriate cases
on the Web that you can discuss.
- Please
don’t use more than one website
on reference.
- Need at least
3-4 Reference(INCLUDE MY FILES ATTACHED.
- Please use
Harvard style.
Referencing (in text citation)
should be evident in the discussions.
You should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real companies. 1- Examine and discuss the characteristics of Net present value (NPV) and the role that this method plays in capital investment decision making. ? 2-In addition, discuss the advantages of using this method instead of the other evaluation methods examined this week? (Please check lecture note attached for others methods) Not: - this question are consist of TWO (2) parts please cover all these questions in this assignment(IN DEPTH) in order to my requirements too Need about 500 words. MY REQUIREMENTS:- PLEASE READ ARTICLE AND BOOK ATTACHED BEFORE START WRITE THIS ASSIGNMENT. 1- Chose a subtitle in you writing. 2- It MUST important to use my ATTACHED FILES(ARTICLE AND BOOK) on references. 3- PLEASE WRITE THIS ASSIGNMET ON DEPTH (GENERAL WRITING IS NOT ACCEPTABLE). 4- Referencing (in text citation) should be evident in the discussions. 5- Please you should choose examples from your own experience or find appropriate cases on the Web that you can discuss. 6- Please don’t use more than one website on reference. 7- Need at least 3-4 Reference(INCLUDE MY FILES ATTACHED. 8- Please use Harvard style. 9- Referencing (in text citation) should be evident in the discussions. You should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real companies. 1 - Examine and discuss the characteristics of Net present value ( NPV ) and the role that this method plays in capital investment decision making. ? 2 - In addition, discuss the advantages of using this method instead of the other evaluation methods examined this week? (Please check lecture note attached for others methods) Not: - this question are consist of TWO ( 2 ) parts please cover all these questions in this assignment (IN DEPTH) in order to my requirements too Need about 500 words. MY REQUIREMENTS: - PLEASE READ ARTICLE AND BOOK ATTACHED BEFORE START WRITE THIS ASSIGNMENT. 1 - Chose a subtitle in you writing . 2 - It MUST important to use my ATTACHED FILES( ARTICLE AND BOOK ) on references. 3 - PLEASE WRITE THIS ASSIGNMET ON DEPTH (GENERAL WRITING IS NOT ACCEPTABLE). You should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real companies. 1- Examine and discuss the characteristics of Net present value (NPV) and the role that this method plays in capital investment decision making. ? 2-In addition, discuss the advantages of using this method instead of the other evaluation methods examined this week? (Please check lecture note attached for others methods) Not: - this question are consist of TWO (2) parts please cover all these questions in this assignment(IN DEPTH) in order to my requirements too Need about 500 words. MY REQUIREMENTS:- PLEASE READ ARTICLE AND BOOK ATTACHED BEFORE START WRITE THIS ASSIGNMENT. 1- Chose a subtitle in you writing. 2- It MUST important to use my ATTACHED FILES(ARTICLE AND BOOK) on references. 3- PLEASE WRITE THIS ASSIGNMET ON DEPTH (GENERAL WRITING IS NOT ACCEPTABLE). Accounting, Auditing & Accountability Journal Emerald Article: Strategic management accounting: how far have we come in 25 years? Kim Langfield-Smith Article information: To cite this document: Kim Langfield-Smith, (2008),"Strategic management accounting: how far have we come in 25 years?", Accounting, Auditing & Accountability Journal, Vol. 21 Iss: 2 pp. 204 - 228 Permanent link to this document: http://dx.doi.org/10.1108/09513570810854400 Downloaded on: 10-01-2013 References: This document contains references to 81 other documents Citations: This document has been cited by 16 other documents To copy this document:
[email protected] This document has been downloaded 12237 times since 2008. * Users who downloaded this Article also downloaded: * Kim Langfield-Smith, (2008),"Strategic management accounting: how far have we come in 25 years?", Accounting, Auditing & Accountability Journal, Vol. 21 Iss: 2 pp. 204 - 228 http://dx.doi.org/10.1108/09513570810854400 Kim Langfield-Smith, (2008),"Strategic management accounting: how far have we come in 25 years?", Accounting, Auditing & Accountability Journal, Vol. 21 Iss: 2 pp. 204 - 228 http://dx.doi.org/10.1108/09513570810854400 Kim Langfield-Smith, (2008),"Strategic management accounting: how far have we come in 25 years?", Accounting, Auditing & Accountability Journal, Vol. 21 Iss: 2 pp. 204 - 228 http://dx.doi.org/10.1108/09513570810854400 Access to this document was granted through an Emerald subscription provided by UNIVERSITY OF LIVERPOOL For Authors: If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service. Information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.com With over forty years' experience, Emerald Group Publishing is a leading independent publisher of global research with impact in business, society, public policy and education. In total, Emerald publishes over 275 journals and more than 130 book series, as well as an extensive range of online products and services. Emerald is both COUNTER 3 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. *Related content and download information correct at time of download. Strategic management accounting: how far have we come in 25 years? Kim Langfield-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 “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 rate, the role of accountants in adopting and implementing SMA is considered. Finally, the success or otherwise of SMA is discussed. Findings – SMA or SMA techniques have not been adopted widely, nor is the term SMA widely understood or used. However, aspects of SMA have had an impact, influencing the thinking and language of business, and the way in which we undertake various business processes. These issues cut across the wider domain of management, and are not just the province of management accountants. Research limitations/implications – There is limited value in conducting future surveys of the adoption and implementation of SMA or SMA techniques. Rather, the focus should be on how SMA-inspired techniques and processes diffuse into general practice within organizations. Originality/value – Twenty-five years after the term strategic management accounting was first introduced in the literature, this paper brings together disparate literature and provides a broad assessment of the “state-of-the-art” of strategic management accounting to inform researchers and practitioners. Keywords Strategic management, Accounting, Activity based costs, Budgetary control, Target costs Paper type Literature review Introduction In 1981, Simmonds published a paper in the UK professional magazine, Management Accounting, in which he presented a strong case for the adoption of strategic management accounting (SMA) (Simmonds, 1981, p. 12). Many professional and academic papers continued this theme, culminating in an influential paper by Bromwich (1990) and the book Pathways to Progress (Bromwich and Bhimani, 1994) At the same time in the USA, influential academics such as Robert Kaplan, Robin Cooper and John Shank were vocal critics of the state of management accounting and urged us to improve our relevance by adopting strategic cost management (SCM). On both sides of the Atlantic, case studies were published that demonstrated the superiority of SMA or SCM over traditional forms of management accounting, and the The current issue and full text archive of this journal is available at www.emeraldinsight.com/0951-3574.htm The author is grateful for comments received from attendees at the 5th Asia Pacific Interdisciplinary Research on Accounting Conference, Auckland, July 2007. The paper also benefited from constructive comments by the journal referees and David Smith. AAAJ 21,2 204 Received July 2007 Revised September 2007 Accepted November 2007 Accounting, Auditing & Accountability Journal Vol. 21 No. 2, 2008 pp. 204-228 q Emerald Group Publishing Limited 0951-3574 DOI 10.1108/09513570810854400 need to take a strategic perspective to management accounting became the accepted wisdom. However, various surveys of practice in the 1990s indicated that the uptake of SMA was slow. Some commentators asked whether SMA was “a figment of academic imagination” (Lord, 1996) and others questioned whether accountants had the capacity or the skills to make SMA a success (Cooper, 1996a, b). Despite the evidence, several commentators continued to believe that it was only a matter of time before SMA was adopted widely across industry and that it would emerge as a major force in shaping modern management accounting (Bromwich and Bhimani, 1994; Dixon and Smith, 1993; Roslender, 1995). As it is now just over 25 years since Simmonds first introduced the concept of SMA, it is a reasonable time to assess its progress. The purpose of this paper is to provide a review of the origins of SMA and to assess the extent of adoption and “success” of strategic management accounting. 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 “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 is discussed. The paper is organized as follows. In the next section SMAwill be defined. This will be followed by a