Strategic Management Accounting
Strategic management accounting has an interdisciplinary role with a crucial contribution to strategic planning and management. It provides the interface between financial and business performance with a focus on adding value to the business, rather than emphasizing financial control. It highlights the link between strategy and resource management focusing on the effective use of an organization’s financial and other resources in creating value for clients. Participants will develop the tools and techniques and improve their ability for effective evaluation, assessment and interpretation of management accounting information. The programme on Strategic Management Accounting equips participants with the knowledge and skills to effectively apply management accounting techniques in strategic decision-making processes. Participants will enhance their ability to drive organizational performance, optimize costs, and support strategic initiatives, ultimately contributing to the long-term success and sustainability of their organizations.
Finance managers, senior accountants, management accountants and middle level managers working in finance departments of a wide array of organizations in private and public sector as well as non-governmental institutions.
At the end of the Programme, participants will be able to:
- Examine the management accounting and control systems appropriate to the strategic needs of your organization;
- Develop and critically appraise management accounting information and control systems that will play an important role in the overall success of your organization;
- Develop pricing strategies for goods and services;
- Apply strategic management accounting tools and techniques to improve the contribution and sustainability of value-creating activities in an organization.