For your first discussion in this course, introduce yourself to your classmates. Share any previous experience in the accounting field or with cost accounting. Then, search online for a recent announcement related to a strategic business decision (new product launch, opening or closing of a business, hiring or layoff of workers, launch of a sustainability program, etc.). Briefly describe the decision and explain the role you think management accounting might have played in the decision, based on what you read in Chapter 1.
In your responses to your peers, support or add to their analysis of how management accounting may have contributed to the decision they chose. Are there additional ways management accounting could have contributed to the decision?