Exploring the Theory and Practice of Strategic Management Accounting: A Literature Review

Strategic Management Accounting (SMA), an important branch of management accounting, has gained widespread attention in academia and practice in recent years. SMA not only focuses on traditional financial data, but also emphasises the impact of non-financial information and external environmental factors on the strategic decision-making of enterprises. Existing literature mainly focuses on the connotation of strategic management accounting, the method of strategic management accounting and the discussion of the application of strategic management accounting. Therefore, the purpose of this paper is to provide an overview of the relevant literature on strategic management accounting, exploring its definition and development history, core concepts, major theoretical frameworks and its application in practice.