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Accounting Information Need For Strategy Formulation, Implementation And Control, Chukwumah Lawyer Obara Dr

Lawyer Obara

The role of accounting information in operational planning is well known. This is however not the case with strategic management. Against this background this study was carried out to determine the need for accounting information in strategy formulation, implementation and contro l. Our study revealed that accounting information ranks high in strategy formulation, implementation and control in Nigeria. We also found management accounting information to be the most important information for strategy implementation and control phase of strategic management. We recommend an accounting model that is capable of embracing subjective judgement about the uncertain future and also the inclusion of …