1) Define the Strategic Cost Management 2) Discuss the importance of Strategic Cost Management 3) Explain the advantages

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1) Define the Strategic Cost Management
2) Discuss the importance of Strategic Cost Management
3) Explain the advantages of using Strategic Cost Management
4) How is financial accounting different from managementaccounting?
5) How do management accountants support strategicdecisions?
6) How do companies add value, and what are the dimensions ofperformance that customers are expecting of companies?
7) How do managers make decisions to implement strategy?
8. What is broad averaging, and what consequences can ithave on costs? How do management accountants support strategicdecisions?
6) Can ABC systems be used to decide to add or drop a product orservice? Explain.