Unit Code: CPA804

Unit Name: Strategic Management Accounting

Description: Strategic Management Accounting is a key component of the overall skills base of today?s professional accountant This subject examines the strategic management accountant's role in dynamic organisations operating in the global business environment. In this role, the professional accountant engages with the organisation's management team and contributes to strategy development and implementation with the aim of creating customer and shareholder value, and a strong competitive position for the organisation. The subject highlights the management accounting tools and techniques of value chain analysis and project management which have become increasingly important in contemporary operational environments. The subject includes discussions on the professional accountant's responsibilities and judgement as introduced in the Ethics and Governance subject. Also discussed are investment evaluation and strategic business analysis in the context of assessing and responding to risk, as covered in the Financial Risk Management and Advanced Audit and Assurance subjects. You are introduced to strategic management concepts which are expanded on in the Global Strategy and Leadership subject.Strategic Management Accounting is a compulsory subject for candidates commencing the CPA programme from semester 2 2009. However, it is an elective subject in the CPA programme for candidates who commenced prior to semester 2, 2009.

Learning Target Outcomes:

Prerequisite: N/A

Prerequisite Sentence: CPA Foundation Units

Credit Point: 20

Offered In: Semester 2