Strategic Management Accounting
Duration
- One Semester or equivalent
Contact hours
- 36 hours
On-campus unit delivery combines face-to-face and digital learning.
Prerequisites
Before enrolling in this unit you must be enrolled in this subject with CPA Australia as part of their CPA Program.
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Aims and objectives
Effective Semester 2, 2019
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, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Student workload:
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Scheduled hours: Class (12 x 3 hours)
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
Class Test (Individual) 20-30%
Assignment (Group) 30 - 50%
Assignment (Group) 30 - 50%
Other (Examination scheduled by CPA Australia) (Individual) 30 - 40%
Please 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.
General skills outcomes
During this unit students will receive feedback on the following key generic skills:
- Teamwork skills
- Analysis skills
- Problem solving skills
- Communications skills
- Ability to tackle unfamiliar problems
- Ability to work independently
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 and references.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.
References
Swinburne workshop notes, materials and online resources via Canvas and CPA Australia materials including sample exam questions.
Datar, S.M. and Rajan, M.V. Horngren’s Cost Accounting: A Managerial Emphasis – Global Edition; 16th Edition, Pearson Education, 2018