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ACCA Strategic Professional · Advanced Performance Management · Strategic management accounting

Wexford Pharma's board wants the management accounting team to act as a business partner rather than a scorekeeper. Which activity would best demonstrate this role?

Working with product managers to model pricing and R&D scenarios and advising on strategic options best shows a business partner role. It is forward-looking decision support, unlike routine bookkeeping, statutory reporting or compliance checks, which are scorekeeping activities.

  1. AWorking with product managers to model scenarios on pricing and R&D investment and advising on strategic optionsCorrect
  2. BCompiling the monthly ledger postings and bank reconciliations
  3. CPreparing the statutory financial statements for filing
  4. DChecking compliance of purchase orders with authorisation limits

Explanation

A business partner role involves participating in decision-making, scenario modelling and giving forward-looking advice on strategy. Ledger postings, statutory reporting and authorisation checks are transactional, compliance or control activities.

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