Strategic Management Accounting (SMA) first coined by Simmonds in 1981, has been proposed during 1990s as a solution to the Lost Relevance of Management Accounting. In the new century, Shank (2007) indicated that the 1990s were the glory decade for SMA. Various surveys have indicated that the term SMA is not and has not ever been widely used in practice.

From the statement above, describe and explain the scope of SMA in a detailed manner. Explaining to what extent SMA has provided a solution to the lost relevance debate and indicate what the expected future of SMA would be, either in practice or academia. Also, incorporate brief and relevant examples of SMA techniques to illustrate your response. Furthermore, use recent academic journals in your response.