Overview

The unit examines the strategic management accountants’ role in dynamic organisations operating in the global business environment. The unit highlights the management accounting tools and techniques of value chain analysis and project management which have become increasingly important in contemporary operational environments. This unit integrates the materials from the CPA Program Professional Level segment titled Strategic Management Accounting and prepares you for the CPA examination. This is a core unit in the Master of Professional Accounting (CPA Specialisation) degree.

Requisites

Prerequisites
ACC60008 Accounting Systems and Reporting
ECO80001 Economics
FIN60003 Business Modelling and Analysis
LAW60003 Corporations and Contract Law
ACC80008 Managerial Accounting
FIN80005 Corporate Financial Management
ACC80019 Financial Accounting and Theory
ACC80020 Accounting, Organisations and Society

Rule

Pre-requisite
Before enrolling in this unit you must be enrolled in this subject with CPA Australia as part of their CPA Program

Pre-requisite
ACC60008 Accounting Systems and Reporting
AND
ECO80001 Economics
AND
FIN60003 Business Modelling And Analysis
AND
LAW60003 Corporations and Contract Law
AND
ACC80008 Managerial Accounting
AND
FIN80005 Corporate Financial Management
AND
ACC80019 Financial Accounting and Theory
AND
ACC80020 Accounting, Organisations and Society

Teaching Periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date

Learning outcomes

Students who successfully complete this unit will be able to:

  • Critically analyse the role of strategic management accounting in supporting strategy development and the day-to-day operations of an organisation
  • Critically evaluate the strategic management process and organisational and industry value analysis to understanding value drivers, cost drivers and the reconfiguring value chains
  • Apply strategic management accounting tools and techniques to improve the contribution and sustainability of value-creating activities
  • Communicate proficiently and in professional practice and act as a leader or member of a team

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
Face to Face Contact (Phasing out)
Class
3.00 12 weeks 36
Unspecified Learning Activities (Phasing out)
Independent Learning
9.50 12 weeks 114
TOTAL150

Assessment

Type Task Weighting ULO's
AssignmentGroup 20 - 30% 1,2,3,4 
CPA ExaminationIndividual 30 - 40% 1,2,3 
TestIndividual 30 - 50% 1,2,3 

Content

  • Module 1: Introduction to Strategic Management Accounting: The role of strategic management accounting; Understanding and supporting management; and Management Accounting Systems
  • Module 2: Creating Organisational Value: Value creation; and Strategic management
  • Module 3: Performance Measurement: The role of performance measurement; Strategy, management control, and performance measurement; and Strategic profit management 
  • Module 4: Techniques for Creating and Managing Value: Applying SMA concepts, tools and techniques to the value chain; Strategic cost management; Competition and protecting markets for goods and services; and The corporation and financial markets
  • Module 5: Project Management: Project management defined; Roles in project management; The management accountant's role in project selection; The management accountant's role in project planning; The management accountant's role in project monitoring and control; and The management accountant's role in project completion and review

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.