What is an overview of strategic management accounting?

Strategic management accounting is a means by which accountants use special methods to provide enterprises with information about their own and external markets and competitors, and through analysis, comparison and selection, help enterprise management to formulate and implement strategic plans in order to gain competitive advantages. The formation and development of strategic management accounting is not the negation and substitution of traditional management accounting, but the enrichment and development of traditional accounting theory in order to adapt to the changes of social and economic environment.

Strategic management accounting is an accounting information system that serves the strategic management of enterprises, that is, a new type of accounting that serves the strategic comparison, selection and decision-making, and also an extension and penetration of management accounting into the strategic management field.