Strategic management accounting is concerned with providing information that will

support the strategic plans and decisions made within a business: you are required to

critically review this statement.

In doing so you should consider the following areas ofstrategic planning:

a) Establishing mission, vision and objectives

b) Undertaking a position analysis such as SWOT

c) Identifying and assessing strategic options

d) Selection of strategic options and formulation of long- and short-term plans

e) Performance review and control