This course examines the role of management accounting in supporting strategic decision-making and performance management within organizations. The Strategic Management Accounting course provides a comprehensive understanding of the strategic role of management accounting in organizational decision-making and performance management. Students will explore advanced management accounting techniques and their application in formulating and implementing business strategies.

Topics covered include strategic cost management, pricing and product decisions, capital budgeting, performance measurement, and control systems. Through case studies, simulations, and real-world applications, students will develop the analytical and decision-making skills necessary to drive strategic success in organizations.

Course Objectives

• To understand the strategic role of management accounting in organizational decision-making.
• To explore advanced management accounting techniques for strategic planning and control.
• To analyze how management accounting supports performance measurement and evaluation.
• To develop skills in applying management accounting tools to real-world business scenarios.

Who should attend?

• Financial managers and executives responsible for strategic planning and decision-making.
• Management accountants and controllers seeking to enhance their strategic skills.
• Business analysts involved in analyzing and interpreting financial data for strategic purposes.
• Corporate planners and strategists interested in integrating financial analysis into strategic planning processes.
• Management consultants advising organizations on strategic financial management.
• Graduates and students pursuing careers in accounting, finance, or business management.
• Professionals preparing for certifications such as CMA (Certified Management Accountant) or CPA (Certified Public Accountant).
• Anyone interested in gaining advanced knowledge of management accounting for strategic decision-making in organizations.

Course outline

Module 1: Introduction to Strategic Management Accounting

• Overview of management accounting vs. financial accounting
• Strategic role of management accounting in organizations
• Evolution of strategic management accounting concepts

Module 2: Strategic Cost Management

• Cost concepts and classifications
• Cost-volume-profit (CVP) analysis for strategic decision-making
• Activity-based costing (ABC) and activity-based management (ABM)

Module 3: Strategic Pricing and Product Decisions

• Pricing strategies and tactics
• Target costing and life-cycle costing
• Product profitability analysis and decision-making

Module 4: Strategic Planning and Budgeting

• Strategic planning process and its link to budgeting
• Rolling budgets and continuous planning
• Beyond budgeting principles and practices

Module 5: Strategic Performance Measurement

• Balanced Scorecard framework for strategic performance measurement
• Key performance indicators (KPIs) and performance dashboards
• Aligning performance measures with strategic objectives

Module 6: Strategic Decision Analysis

• Decision-making under uncertainty: cost-volume-profit analysis
• Relevant costing and decision analysis techniques
• Risk management and sensitivity analysis

Module 7: Strategic Investment Appraisal

• Capital budgeting techniques: NPV, IRR, and payback period
• Real options analysis for strategic investment decisions
• Capital rationing and risk-adjusted decision-making

Module 8: Strategic Management Control Systems

• Designing and implementing management control systems
• Responsibility accounting and variance analysis
• Behavioral aspects of management control

Module 9: Strategic Performance Evaluation and Incentive Systems

• Performance evaluation frameworks and methods
• Incentive compensation systems and performance-based rewards
• Ethics and governance considerations in performance evaluation

Module 10: Advanced Topics in Strategic Management Accounting

• Strategic cost management in supply chains
• Sustainability accounting and corporate social responsibility (CSR)
• Emerging trends and future directions in strategic management accounting

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement.

Training Venue 

The training will be held at our Upskill Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request.

Terms of Payment: Unless otherwise agreed between the two parties, payment of the course fee should be done 3 working days before commencement of the training to enable us to prepare better

Course Booking

Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.