Chapter 1. Major Differences Between Financial & Managerial Accounting. Strategy and Management Accounting. Strategy – specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives
Line management is directly responsible for
attaining the objectives of the organization.
Staff management exists to provide advice
and assistance to line management.
The Institute of Management Accountants (IMA)
is the largest association of management
accountants in the United States.
The IMA has issued a Standards of Ethical
Conduct for Management Accountant.
Four broad areas of responsibility: