Strategic Management Accounting
Section outline
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1.0 Course Description
Strategic Management Accounting course is designed to equip learners with the analytical knowledge, technical skills, and professional judgement needed to examine the management accountant's role in dynamic organisations operating in the global business environment. In this role, the management accountant engages with the organisation's management team and contributes to strategy development and implementation, helping create customer and shareholder value and a strong competitive position for the organisation.
1.1 Course Competences
• Knowledge Competences: Comprehensive understanding of SMA concepts, tools, and frameworks including ABC, life-cycle costing, target costing, performance measurement systems, budgeting, and risk management and how these connect to organisational strategy.
• Practical Competences: Proficiency in applying strategic costing and budgeting techniques, designing performance measurement systems, preparing and analysing operational and financial budgets, and using variance analysis to support managerial decisions.
• Cognitive Competences: Critical and analytical reasoning to evaluate stakeholder information needs, diagnose strategic and operational risks, and recommend management accounting responses appropriate to an organisation's competitive position.
• Professional Competences: Professional judgement, ethical awareness, and stakeholder sensitivity in advising management teams, together with the collaborative and communication skills needed to present strategic financial analysis to non-specialist audiences.
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Opened: Thursday, 20 August 2026, 12:00 AMDue: Friday, 28 August 2026, 7:00 PM
TAKEHOME INDIVIDUAL ASSIGNMENT ONE (15 Marks)
Program : Masters of Science in Accounting & Finance (Msc A&F)
Course name : Strategic Management Accounting
Year : One
Semester : One
Course code : ACC 7103
INSTRUCTIONS: Submission Details
● Assignment type: Individual (each student must submit their own original answer).
● Submission deadline: Friday, 28 August 2026.
● Submission platform: Upload your work as a PDF file on MUBSEP.
● File format: PDF only.
Formatting Requirements
● Font: Times New Roman, size 12.
● Line spacing: 1.5.
● Length: Maximum 2 pages
● Referencing: APA style
Question One: Imagine a well-established tax consulting firm that built its reputation and most of its revenue on tax compliance work: filing returns, managing URA audits, and keeping clients out of trouble. The firm has a good predictable business, but margins have been shrinking as competitors undercut on price and clients increasingly treat compliance as a “commodity service”. The managing partner has decided the firm needs to reposition itself as a strategic tax and business advisory practice in helping clients with tax planning, transaction structuring, and cross-border advisory work that commands premium fees and builds long-term client relationships.
At the firm's quarterly partners' meeting, the Managing Partner says, "We cannot keep running this place like a return-filing factory if we want to be the advisors’ clients actually call before they make a decision, not after."
As a Strategic management accounting specialist, explain how management accounting interfaces with strategy in a scenario like this.
END OF THE ASIGNMENT
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