The fact: Role of Accounting in Strategy Formulation within an MNC Strategic management accounting provides financial control
Question:
The fact:
Role of Accounting in Strategy Formulation within an MNC
Strategic management accounting provides financial control to the whole strategic management process by providing information on the financial aspects of the strategic plans and their implementation. (Houston, 2015)
Accounting provides managers with support to manage the stakeholders’ interests. Secondly, it is used to evaluate the MNC's financial performance, appraise the proposed projects and make decisions based on them.
Strategic management accounting focuses on suppliers, customers, competitors, and the economy as well as the organization and monitors the performance of the organization in both financial and non-financial terms.
Question:
How does Corporate Social Responsibility (CSR) play a role in the strategy formation?