Strategic management accounting: CPA Program

Brian Clarke , Paul Collier, Rahat Munir, Gary Oliver , Peter Robinson, Natasja Steenkamp , Ofer Zwikael

Research output: Book/ReportBookpeer-review


Strategic management accounting is a key component of the overall skills base of today’s professional accountant. This book examines the management accountant’s role in dynamic organisations operating in the global business environment. In this role, the professional accountant engages with the organisation’s management team and contributes to strategy development and implementation, with the aim of creating customer and shareholder value and a strong competitive position for the organisation. The book highlights the management accounting tools and techniques of value chain analysis and project management that have become increasingly important in contemporary operating environments. The book includes discussions on the professional accountant’s responsibilities and judgment as introduced in Ethics and Governance. Also discussed are investment evaluation and strategic business analysis in the context of assessing and responding to risk, as covered in the Financial Risk Management and Advanced Audit and Assurance subjects. Readers are introduced to strategic management concepts that are expanded on in Global Strategy and Leadership, and should be able to: apply the strategic management process and organisational and industry value analysis to understand value drivers, cost drivers and the reconfiguring of value chains explain the role of the management accountant as a trusted adviser and a business partner in supporting strategy development and the day-to-day operations of an organisation understand stakeholders’ various decision-making needs and provide adaptive information solutions design an effective budgeting system that incorporates uncertainty to assist in strategy implementation discuss the role of project selection, planning, monitoring and completion in strategy implementation explain the role of performance measurement and control systems in value creation, strategy implementation and monitoring performance to improve strategies apply strategic management accounting tools and techniques to improve the contribution and sustainability of value-creating activities.
Original languageEnglish
Place of PublicationGeelong, Vic
PublisherCPA Australia
Number of pages482
Edition3rd (Enhanced)
ISBN (Print)9780648751229
Publication statusPublished - Nov 2020


  • Strategic management accounting


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