The behaviors that are typically associated with a strategic management accountant role include:
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Involvement in strategic planning: Strategic management accountants contribute to the company's long-term strategic direction by analyzing financial and non-financial data.
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Decision support: They provide critical analysis to inform business decisions, such as market trend assessments, competitor analysis, and cost-benefit evaluations.
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Performance measurement design: Establishing and maintaining performance metrics that align with the organization's strategic objectives.
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Change and innovation facilitation: Evaluating investment opportunities and risks during organizational changes or innovations.
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Influence on key stakeholders: Communicating financial and non-financial information effectively to both internal and external stakeholders.
These roles differentiate a strategic management accountant from a traditional management accountant, whose focus is more on day-to-day financial operations and reporting.
