Essays on Reasons for Theorizing Strategy in Management Accounting Coursework

Download full paperFile format: .doc, available for editing

The paper 'Reasons for Theorizing Strategy in Management Accounting" is a perfect example of business coursework. According to Lapsley & Rekers (2017), it is important to study accounting and popular culture since it presents a research agenda targeting management accountants. The study mainly examined Management Accounting research from a perspective that prioritizes it with development in strategic management. It was conducted with the aim of ensuring that the knowledge was added in strategic management accounting through focusing on the novel setting, West End Musicals. This paper concentrates on an important aspect of the research, which includes the reasons why the authors decided to theorize strategy in management accounting, examine the research design that was adopted by the writers and finally provide an explanation of the findings that were developed in this research. Reasons for Theorizing Strategy in Management Accounting The authors of the research theorized the strategy that they have used in management accounting.

One of the main grounds for theorizing strategy in management accounting was to ensure that there was an understanding of the ideas that were brought to light in the research.

The other reason that was used to make informed decisions based on other aspects that have been researched in the area. These causes have been looked at in detail using supporting articles from other researchers. The theories used in this study aim at building a broad understanding of the weakness of SMA and why it has not been widely applied in the accounting field. Several theories articles have been written on what it constitutes in contemporary managing accounting (Carlsson-Wall & Kraus, 2015). However, there also exist many theories which have been pushed forward that challenge the use and existence of strategic management accounting within the organizations.

Further, some experts have questioned the application of SMA and whether it is appropriate within accounting fields. While other people have argued that the use of SMA is a mere creation of imaginary issues that do not exist, its relevance is mainly seen as the establishment of the middle-level managers within a few selected organizations; thus, the use of SMA has not gained the broad interest of many people (Nixon & Burns, 2012). SMA has not gained wide acceptance because it makes the use of inaccurate accounting figures, and it uses a language that is not standard in the accounting field.

The new theory, therefore, is important in giving a clearer understanding of SMA. The available empirical evidence strongly downplays the other literature information that supports the use of the SMA because of the lack of compelling evidence. Besides, the study criticizes the use of SMA because it has no universal adoption among people and hence, hinders its success within the accounting field (Nixon & Burns, 2012).

Increasing focus on strategic management is however on the rise; thus, different experts have put an effort in using the various theories that would enable them to align the different concepts within the SMA and to build the foundations on the strategic decisions within the organizations (Carlsson-Wall & Kraus, 2015). Still, some people question the objectivity and the rationale of using SMA in such situations. The specialists in the field, who downplay the importance of implementing the strategy in the decision-making process have argued that more approaches need to be incorporated when formulating the various policies.

Hence, there is a need to focus on SMA as well as using a combination of both internal and external techniques in managing both cost and pricing strategies.


Cadez, S., & Guilding, C. (2008). An exploratory investigation of an integrated contingency model of strategic management accounting. Accounting, Organizations And Society, 33(7-8), 836-863.

Carlsson-Wall, M., & Kraus, K. (2015). Opening the black box of the role of accounting practices in the fuzzy front-end of product innovation. Industrial Marketing Management, 45, 184-194.

Lapsley, I., & Rekers, J. (2017). The relevance of strategic management accounting to popular culture: The world of West End Musicals. Management Accounting Research.

Lewis, S. (2015). Qualitative Inquiry and Research Design: Choosing Among Five Approaches. Health Promotion Practice, 16(4), 473-475.

Ma, Y., & Tayles, M. (2009). On the emergence of strategic management accounting: An institutional perspective. Accounting And Business Research, 39(5), 473-495.

Myers, M. (2013). Qualitative research in business & management (1st ed.). London: SAGE.

Nixon, B., & Burns, J. (2012). The paradox of strategic management accounting. Management Accounting Research, 23(4), 229-244.

Saunders, M., & Lewis, P. (2016). Doing research in business & management: an essential guide to planning your project (1st ed.). London: Pearson Higher Ed.

Smith, M. (2017). Research methods in accounting (1st Ed.). [S.L.]: Sage Publications.

Taylor, S., DeVault, M., & Bogdan, R. (2015). Introduction to qualitative research methods, 4th ed. (1st ed.). Hoboken, N.J.: Wiley.

Whittington, R. (2006). Completing the Practice Turn in Strategy Research. Organization Studies, 27(5), 613-634.

Download full paperFile format: .doc, available for editing
Contact Us