Explain why both financial and non-financial measures are required to evaluate and manage a company’s strategy.

Which of the following statements best summarises the relationship between financial and strategic objectives? Select one: Financial objectives relate to performance indicators whereas strategic ones relate to those factors which produce that performance Financial objectives relate to monetary objectives while strategic ones are non-monetary measures of success Financial objectives aim to ensure satisfactory short-term financial performance while strategic objectives aim to secure long-term survival and prosperity Financial objectives are short-term while strategic ones are long-term

How does stakeholder management contribute to an organization's long-term sustainability and success?

Understand how management accountants help firms make strategic decisions

List and explain some reasons companies might employ riskmanagement techniques.

Examine the main problems in risk management. Discussion What role does risk management play in formulating a company's strategy?

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