Strategic Management Accounting and Corporate Social Responsibility

In addition to your class tuition and study materials, you will receive the following:


Case Study

• A pack of case study questions that will be used as a basis for group work in class to practically reinforce learning of topics covered during the day
• - Cost, value and performance management
• - Strategic management process
• - Using ecological performance indicators

Other Extras

• Suggestions for further reading and study
  
• Certificate of attendance

Level: Introductory


Synopsis:
One of the most exciting recent innovations within the world of accountancy has been the emergence of the role of the 'strategic management accountant'. Strategic management accounting deals with the use of financial information within organisations for planning and control. In this course, delegates will gain a deeper understanding of the role of the management accountant and the contribution management accountants can make to strategic planning within their organisation. Using the idea of ecological social responsibility and sustainability as a theme,we will explore ways in which accountants can help with adding value and measuring performance within their organisations whilst helping their organisations establish and maintain high standards in corporate social responsibility.


At the end of the course participants will be able to: Understand the role of the management accountant . Appreciate the contribution management accountants can make to the strategic management process . Understand and apply lifecycle costing techniques . Understand and apply target costing techniques . Apply these techniques to gain competitive advantage in this environmentally-aware age . Understand modern thinking on corporate social responsibility . Contribute to corporate social responsibility planning within their organisation .


Prerequisites:
A basic understanding of accounting issues


Suitable For:
Part-qualified or newly-qualified accountants or other managers looking to make a contribution to strategic planning or corporate social responsibility in their organisation


Introduction

• The role of the management accountant
• Strategic management accounting
• Environmental forces for ecological change

The role of the management accountant

• Cost management
• Value management
• Performance management

Strategic management accounting

• The strategic management process
• The importance of external and non quantitative information in the management of performance.
• New developments including throughput accounting, lean techniques and balanced scorecard
• Management accounting information for strategic managers

Lifecycle costing and the environment

• Lifecycle costing explored
• Developing a holistic approach to lifecycle costing
• Practice case study

Target costing and the environment

• Target costing explored
• Methods of managing target cost gaps
• Setting environmental cost targets, and attempting to reach them
• Practice case study