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Strategic Management Accounting

By: IBFCAlliance Limited  

Lagos State, Nigeria

17 - 21 Oct, 2016  5 days

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NGN 225,000

This course aims at introducing participants to strategic management accounting, teaching them that it integrates the thinking of key strategic values in organizations. The course will also equip participants to be able to apply relevant knowledge and skills and to exercise professional judgment in selecting and applying strategic management accounting techniques in different business contexts and its strategic development with the aim of achieving stakeholder objectives.

Content Overview

  • Introduction to Strategic Management Accounting (SMA)
  • Definition
  • Role of Management Accountant In the Business Environment
  • Overview of Strategic Planning Process
  • Role of Strategic Performance Management in Strategic Planning and Control
  • Planning and Control Between the Strategic and Operational Levels Within a Business Entity
  • Use of SMA in the Context of Multinational Companies

Performance Management and Control

  • Budgeting Techniques
  • Beyond Budgeting and its Impact on an Organization

Changes in Business Structure and Management Accounting

  • Organizational Structure and Information Needs of the Organization
  • Business Process Re-Engineering
  • Role of Performance Management Systems in Business Integration Using Mckinsey 7s

Changing Business Environment

  • Effectiveness of Traditional Management Accounting Techniques within a Rapidly Changing Business Environment
  • Impact of Different Risk Appetites of Stakeholders on Performance Management
  • Risk and Uncertainty in Long Term Strategic Planning and Decision Making
  • Risk Analysis Techniques in Assessing Business Performance Using: Maximax, Minimax Regret and Expected Values
  • Industry Analysis Using PESTEL and Porter’s 5 Forces

Management Reports

  • Sources of Management Information
  • Best Practice in Report Presentation
  • Objectives of the Report
  • The Needs of the Readers of the Report
  • Avoiding the Problem of Information Overload
  • Responsibility Accounting

Strategic Performance Measurement

  • Purpose, Structure and Content of a Mission Statement
  • Impact of a Mission Statement on Business Performance
  • Incorporating Strategic Objectives into a Business Plan
  • Performance Planning Gap and Alternative Strategies to Fill that Gap
  • Critical Success Factors (CSF) for Analyzing and Developing Performance Metrics From Business Objectives
  • Characteristics of Operational Performance

Strategic Performance Measures In Private Sector

  • Primary Objective of Financial Performance
  • Objectives of Survival and Business Growth
  • Measures of Performance
  • Return on Capital Employed (ROCE)
  • Return on Investment (ROI)
  • Earnings Per Share (EPS)
  • Earnings Before Interest, Tax and Depreciation Adjustment (EBITDA)
  • Residual Income (RI)
  • Net Present Value (NPV)
  • Internal Rate of Return and Modified Internal Rate Of Return (IRR/MIRR)
  • Economic Value Added (EVA)
    • of Liquidity and Gearing in Conjunction with Profitability

Divisional Performance And Transfer Pricing
           o Computation and Evaluation of Performance Measures Relevant in a   Divisionalized Organization Structure Such as ROI, RI and EVA
                o Criteria for Designing a Transfer Pricing Policy
                o Use of Alternative Bases for Transfer Pricing
                o Setting Transfer Pricing in Multinational Companies

Performance Indicators

  • Non-Financial Performance Indicators vs Financial Performance Indicators
  • Significance of Non-Financial Performance Indicators in Relation to Products/Service Quality
  • Alternative Performance Measurement Tools
  • Balanced Score Card
  • Performance Pyramid
  • Building Block Model
  • Performance Prism
  • Activity Based Management (ABM)

Quality Management and Performance Measurement Systems

  • Application of Japanese Management Practices and Management Techniques Including
  • Kaizen Costing
  • Target Costing
  • Just-In-Time
  • Total Quality Management
  • Quality, Quality Assurance, Quality Control and Quality Management
  • Characteristics of Quality in Management Information Systems
  • Overview of SIX Sigma

Strategic Performance Issues In Complex Business Structures

  • Strategic Models of Assessing Business Performance; Ansoff, Boston Consulting Group and Porter
  • Use of Business Models (i.e. Strategic Alliances, Joint Venture) and their Impact on Performance Management

Environmental Management Accounting (Ema)

  • Categories of Environmental Management Cost
  • Cost Methods; Life Cycle, Input/Output Analysis, Activity-Based Costing

CASES: Case studies will be used to enhance participants’ understanding of the subject matter.

IBFCAlliance Limited, 3rd Floor, East Wing, City Hall, Catholic Mission Street, Lagos Island, Lagos Oct 17 - 21 Oct, 2016
NGN 225,000.00
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Discounts will be offered for more than 3 participants