We often hear that accounting is a bureaucratic duty, which does not bring any added value with itself and has to be fulfilled in compliance with legal regulations.
It is hard to deny this, if we treat accounting as a way of keeping documents by using traditional chart of accounts, without the use of any knowledge from the field of management accounting. Only by making use of those techniques or systems such as SMA (Strategic Management Accounting) accounting can generate added value, which frequently impels business development.