What is the process of strategic management and decision making? What types of control systems do managers use? What is the role of accounting information in strategic management?

The Role of Accounting Information in Management Decision Making

Eldenburg & Wolcott’s Cost Management, 2e Slide # 2

Chapter 1: The Role of Accounting Information in Management Decision Making

Learning objectives

Q1 – What is the process of strategic management and decision making?

Q2 – What types of control systems do managers use?

Q3 – What is the role of accounting information in strategic management?

Q4 – What information is relevant for decision making?

Q5 – How does business risk affect management decision making?

Q6 – How do biases affect management decision making?

Q7 – How can managers make higher-quality decisions?

Q8 – What is ethical decision making, and why is it important?