Strategic Management Accounting
Section outline
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Opened: Friday, 19 September 2025, 2:00 PMDue: Saturday, 20 September 2025, 7:20 PM
COURSEWORK ONE TAKEHOME ASSIGNMENT FOR THE DEGREE OF MASTERS OF SCIENCE IN ACCOUNTING & FINANCE (MSCA&F) OF MAKERERE UNIVERSITY COURSE NAME: Strategic Management Accounting (ACC 7103) YEAR OF STUDY: ONE ASSIGNMENT DATE: Wednesday September 17 2025 TIME: 05:3 P.M ASSIGNMENT INSTRUCTIONS • Upload a backup PDF file on Mubsep. • Submission date: September 19th at 05:30 pm • Format: Four pages, Times New Roman, font size 12, line spacing 1.5
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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;
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.
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a) Definition and scope of strategic management accounting (SMA)
b) Differences between traditional and strategic management accounting
c) The strategic management accounting processes
d) The role of management accountants in strategic management
e) The key challenges facing management accountants
Challenges
Causes of change in the business environment
f) f) Tools for creating and managing value
· Target costing and Kaizen costing
· Life-cycle costing
· Throughput accounting
· Activity-Based Costing (ABC)
· Environmental Management
Accounting (EMA)
g) Value Analysis
• Shareholder value
• Customer Value
• Stakeholder value
• Which viewpoint should be taken when determining ‘value’?
a) Analytical techniques available to management accountants
• Value analysis
• Strengths, weaknesses, opportunities and threats
• Internal analysis
• External analysis
• Porter’s five forces model
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