Strategic Management Accounting (SMA) may be defined as the process of provision and analysis of management accounting data about a business and its competitors for the use in developing and monitoring business strategy?

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Quizplus · Accepted Answer

The statement correctly defines the concept of Strategic Management Accounting (SMA) as the process of providing and analyzing management accounting data for developing and monitoring business strategies. Strategy refers to a long-term plan of action designed to achieve a particular goal or set of goals. Therefore, the statement is true.

Strategic Management Accounting (SMA) May Be Defined as the Process