Advanced Strategic Management Accounting

Details

This course focuses on advanced topics in Management Accounting, with a particular emphasis on strategic decision-making and performance management in complex business environments. Designed for senior finance professionals, the course will further develop their abilities to apply management accounting tools and techniques in real-world strategic decision making.

Target Group

This course is designed for professionals in finance departments, particularly those in leadership positions such as the Head of Finance, Chief Financial Officer (CFO), Management Accountant, and other senior roles who are involved in strategic decision-making.

Goals

• Understanding the role of management accounting in strategic decision-making.
• Enhancing knowledge in advanced costing methods and their strategic implications.
• Applying performance measurement and control systems in strategic management.
• Understanding the strategic role of budgeting and forecasting in management accounting.
• Recognizing the use of the balanced scorecard in strategic performance management.
• Addressing ethical issues in strategic management accounting.

Target Competencies

• Strategic cost management
• Performance measurement and control
• Strategic budgeting and forecasting
• Risk management in decision-making
• Ethical considerations in management accounting

Outlines

Advanced Costing Techniques and Decision-Making:

• Deep diving into activity-based costing and management
• Unpacking target costing and lifecycle costing
• Employing cost-volume-profit analysis for strategic decisions
• Scrutinizing pricing decisions and profitability analysis
• Exploring customer profitability analysis and value creation

Strategic Performance Measurement:

• Grasping key performance indicators (KPIs) in strategic management
• Benchmarking and variance analysis for performance enhancement
• Implementing balanced scorecards and strategy maps
• Rethinking performance measurement in the digital age
• Leveraging business intelligence for strategic performance measurement