Section outline

    • Topic One: Introduction to strategic management accounting File

      1.1 Overview of Strategic Management Accounting

      1.2 The strategic management processes 

      a) The role of management accountants in strategic management • 

      b) The key challenges facing management accountants • Challenges • Causes of change in the business environment

      1.3 Analytical techniques available to management accountants • 

      • Value analysis (value chain analysis) • 
      • Strategic cost analysis 
      •  Managing customers 
      • Managing corporate value 
      • SWOT analysis 
      •  Internal analysis
      • External analysis 
      •  Competitor analysis : Porter’s Five Forces model •
      •  Lifecycle accounting
      • Target accounting, 
      •  Balanced Scorecard 
      •   Benchmarking
      • Attribute Costing

    • Strategic Cost Analysis File

      1.2.0 Strategic Cost Analysis

      • Strategic cost analysis Overview
      • Assumptions of strategic costs analysis
      • The process of Strategic costs analysis
      • The application (Strategic fit)
      • The four key questions
      • Key strategic cost functions for Managers
      • Calculation of the Total costs for products and Profit Analysis under ABC & Full costing Techniques
      • Direct costing method
      • Full costing or Absorption costing method; definition; process; example; challenges
      • Activity Based Costing method (ABC): Definition; process; example illustration
      • Hierarchical ABC Profit Analysis
      • Time-Driven ABC (TDABC) Costing method
      • Practice Questions for Profit Analysis under Traditional and ABC Costing methods

    • NOTES: Power point slides on the Introduction to Strategic Management Accounting. File