Strategic Management Accounting
Duration
- One Semester or equivalent
Contact hours
- 36 hours face to face + blended
On-campus unit delivery combines face-to-face and digital learning.
Prerequisites
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Before enrolling in this unit you must also be enrolled in the same unit with CPA Australia as part of their CPA Program.
Aims and objectives
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.
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
2. Critically evaluate the strategic management process and organisational and industry value analysis to understanding value drivers, cost drivers and the reconfiguring value chains
3. Apply strategic management accounting tools and techniques to improve the contribution and sustainability of value-creating activities
4. Communicate proficiently and in professional practice and act as a leader or member of a team
Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
On Campus Class | 3 | 12 | 36 |
Online Directed Online Activities | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Assessment
Types | Individual/Group Role | Weighting | Unit Learning Outcomes (ULOs) |
Assignment | Group | 20-30% | 1,2,3,4 |
| Assessment (Scheduled by CPA) | Individual | 30-40% | 1,2,3 |
Test | Individual | 30-50% | 1,2,3 |
Note:
This unit is to be undertaken in conjunction with the equivalent CPA unit directly with CPA and incurs an additional fee payable to CPA. Students sit the CPA assessment which is then weighted down to 30-40% of the unit’s assessment. Students may fail the CPA assessment component but still pass the unit with Swinburne.
Content
• 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.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.