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...variable portfolio of mainly financial information geared towards aiding strategic decision making ... Bhimani and Bromwich (2010, p. 48) Strategic management accounting (SMA) is usually described in ways which place emphasis on factors external to an organization (Bromwich and Bhimani, 1994). Simmonds (1981) defines the concept as the provision and analysis of management...

...MOT, replacement tyres, item by item. Do it small. Gives you greater accuracy, and means there’s a less of a chance of missing it. Then, after all of that, you’re going to add up your expenditure, and hopefully it’ll be less than your income. If it isn’t, well, you’re overspending, and that leads to one of two things. You either build up debt, or you reduce your...

...variables. Think of your energy bills, for example. In the absence of a variation clause, or similar contractual mechanism, energy companies would face big losses if supply costs wildly fluctuated. Perhaps the most relevant historical precedent is the oil crisis of the 1970s. The severe disruption caused by rapid increases in oil prices led to high inflation and turmoil...

...variables that might mean actions or improvements will not perform as expected. Even in our energy house, where we can compare one action or improvement against another to a high level of detail, we are really only able to give a miles-per-gallon perspective – much of it will depend on your car and how you drive.[The Conversation] This article was originally published...