Strategic  management  accounting forms  a  part  of  the  essential skills  base for today’s professional accountant working within an accounting   environment, often  as a management accountant  but may also act in a business  advisory  role.This  may  be within a professional accounting firm.

This subject examines the management accountant’s role in dynamic organisations that operate both  locally  and  within the  global  business environment. In  this  role,  the accountant will engage  with  the organisation’s management team and contribute to strategy development,  policy  formulation  and  procedures  for implementation. The, intent  being  to create customer  and shareholder  value  and  assist  the  organisation  in placing  itslef  in  a strong  competitive  position. Management accounting  tools  and techniques relating   to value   chain   analysis   and   project   management important in contemporary operating environments are considered.

Students are  introduced  to strategic  management  concepts, the  accountant’s responsibilities  and the  exercise  of  professional judgment are  addressed  alongside strategic business analysis and risk management.