Introduction to strategic management accounting

1.1 Course Description

The course will acquaint students with comprehensive knowledge and skills to examine the management accountant’s role in dynamic organizations operating in the global business environment. In this role, the management accountant engages with the organization’s management team and contributes to strategy development and implementation, to create customer and shareholder value and a strong competitive position for the organization.

 1.2 Course Objectives

 The objective of the course is to enable students to;

 a)    Develop the ability to integrate financial data with non-financial information for comprehensive decision-making

b)    Gain proficiency in strategic cost management techniques, including activity-based costing and life-cycle costing

c)    Explore the design and implementation of performance measurement systems aligned with organizational strategy

d)    Study the role of strategic management accounting in identifying and managing risks.

e)    Develop skills in budgeting and planning processes that support strategic goals.

Learning Outcomes.

1.3 At the end of this course, students will be able to;

 a)    Demonstrate the ability to integrate financial data with non-financial information for comprehensive decision-making

b)    Show proficiency in strategic cost management techniques, including activity-based costing and life-cycle costing

c)    Design and implement performance measurement systems aligned with organizational strategy

d)    Demonstrate the role of strategic management accounting in identifying and managing risks.

e)    Develop skills in budgeting and planning processes that support strategic goals.