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 management the stakeholders interests. Secondly, it is used to evaluate the MNCs 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 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?