Question 1: Strategic Management Accounting [25 marks] It is argued that traditional management accounting systems did not adequately provide information for making strategic decisions. Strategic management accounting (SMA) systems can provide better information that enable managers to relate management accounting systems to organisational strategic objectives. However, to have strategic value, SMA must help accomplish key strategic objectives related to quality, cost, and time. At the same time management accounting information must have the technical, behavioural, ana cultural attributes necessary to help achieve the strategic goals. Required: Question 1.1 You have recently been appointed as the Management Accountant of Growfast company limited. You hay realised that the company still uses traditional management accounting systems. Write a report to the CE of the company (a) explaining the inflexibilities associated with the traditional management accountir systems, and (b) suggesting how the introduction of strategic management accounting (SMA) systems wou be useful for the company to overcome those inflexibilities. Use a suitable example to support you responses. (15 marks) [Word limit: 500 words. Note the word count at the end of your answer] Your Answer (expand the space as required): Word count = Question 1.2 Consider the original information. Explain clearly with a suitable example the inter-relationship between t key strategic objectives and the desired attributes of management accounting. (10 marks) [Word limit: 350 words. Note the word count at the end of your answer] Your Answer (expand the space as required)