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Strategic Management Accounting
Postgraduate | TAS-BFA743 | 2023
Course information for 2023 intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Strategic Management Accounting
About this subject
Upon successful completion of this subject, students should be able to:
- Highlight the role of strategic management accounting in supporting strategy development of an organisation
- Explain the strategic management process and organisational and industry value analysis to understand value drivers, cost drivers and the reconfiguring of value chains
- Explain the role of performance measurement and control systems in value creation, strategy implementation and monitoring performance to improve strategies
- Apply strategic management accounting tools and techniques to improve the contribution and sustainability of value-creating activities
- Discuss the role of project selection, planning, monitoring and completion in strategy implementation
- Week 1: Strategic management accounting - Introduction
- Week 2: Measuring and reporting sustainability
- Week 3: Creating organisational value
- Week 4: Performance measurement, compensation and multinational considerations
- Week 5: Performance measurement, compensation and multinational considerations (con't)
- Week 6: Performance measurement, compensation and multinational considerations (con't)
- Week 7: Creating and managing organisational value
- Week 8: Creating and managing organisational value (con't)
- Week 9: Project management
- Week 10: Quality, time and the balanced scorecard
- Week 11: Case study
- Week 12: Case study (con't)
- Week 13: Revision
Strategic management accounting is a key component of the overall skills base of todays professional accountant. This subject examines the management accountant’s role in dynamic organisations operating in the global business environment. In this role, the professional accountant engages with the organisation’s management team and contributes to strategy development and implementation, with the aim of creating customer and shareholder value and a strong competitive position for the organisation. The subject highlights the management accounting tools and techniques of value chain analysis and project management that have become increasingly important in contemporary operating environments.
The subject includes discussions on the professional accountant’s responsibilities and judgment. Also discussed are investment evaluation and strategic business analysis in the context of assessing and responding to risk. Students are introduced to strategic management concepts.
- Three online quizzes (30%)
- Presentation (individual or group) (20%)
- Final Exam (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Prior study
You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:
Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s).
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.