Strategic Management Accounting (SMA) is defined by The Chartered Institute of Management Accountants as ‘the provision and analysis of management accounting data about a business and its competitors, for use in developing and monitoring business strategy.’ At the heart of SMA is the drive to improve an organisation’s decision-making processes in pursuit of its strategic objectives.
This module will give you real- world insight into current areas of SMA practice and the challenges that face senior management accounts in organisations today. Specifically, the module will focus on areas such as: the strategic planning process, performance management, transfer pricing, sustainability, investment appraisal, activity-based management and total quality management.