Explain what is strategic management accounting is. Explain, in general, how strategic management accounting can provide information which meets the requirements of senior in seeking to realize corporate objectives. Specifically explain in what ways manag

Strategic management accounting is the process of creating, analyzing, and interpreting financial information in order to inform strategic business decisions. This approach integrates traditional management accounting techniques with strategic analysis, enabling managers to make more informed decisions in response to changing business conditions. Senior managers require accurate and relevant information to make strategic decisions that are aligned with corporate objectives. Strategic management accounting can provide this information by focusing on the big picture, rather than just day-to-day operations. This can allow managers to identify problems before they arise, assess the likely impact of their decisions, and make more effective choices. To adapt to the rapidly changing competitive environment, management accountants need to provide new and innovative services. This might involve improving the quality and timeliness of financial information, developing new performance metrics that are better suited to the digital economy, or providing more detailed analysis of strategic risks and opportunities. Ultimately, the aim is to provide decision-makers with the information they need to make more strategic, informed choices that enhance the long-term viability of the organization.