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School of Accountancy

110.329 Advanced
Management Accounting
Study Guide
Semester One – 2012

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Contents

110.329 Advanced Management
Accounting
Page:

Study Objectives

Module 1:

Week 1 & 2:

Strategic Management Accounting

2

Module 2:

Week 3 & 4:

Costing Systems

4

Module 3:

Week 5:

Budgeting

7

Module 4

Week 6, 7 & 8:

Decision Making

9

Module 5:

Week 9, 10 & 11: Performance Measurement

Module 6:

Week 12:

11

Management Accounting and
Non-Manufacturing Organisations

110.329 STUDY GUIDE 2012

14

1

Strategic Management
Accounting
Week One and Two
Module
One

Learning Objectives
After studying this topic you should be able to:
1. Discuss the need for Management Accounting information.
2. Describe and evaluate the role of Management Accountants in organisations. 3. Explain the importance of ethical behaviour for Management Accountants. 4. Discuss and explain Strategic Cost Management.

5. Discuss and explain the concept of Strategic Management Accounting 6. Discuss the link between Strategy and Management Accounting

Readings
Text:



Chapter 1: Introduction to Cost Management
Chapter 11: Strategic Cost Management.

Selected Readings


Haylock, J., (2010). Sense of purpose. Chartered Accountants Journal. June 2010, p57.



Wilson, R.M.S., (1995). Strategic management accounting. Aston, D., Hopper, T., & Scarpens, R.W (eds), Management Accounting 2nd Edition (pp159-190). England: Pearson Education Ltd.



Langfield-Smith, K., (2007). Strategic management accounting: how far have we come in 25 years . Accounting, Auditing and Accountability Journal. 21(2). pp204-228.



Tinker, M. & Dube, D. (2002). Strength in numbers, CMA Management, 76(6), pp14-17.

110.329 STUDY GUIDE 2012

2

Required Problems
Prepare answers to the following questions and compare your answers to the solution outlines provided on the course website:
Week 1:


Chapter 1:
Discussion questions: 1, 3, 9, 12, 13
Exercises 1-3, 1-6,
Problems 1-14

Week 2:


Chapter 11:
Discussion Questions: 1, 2, 6, 8, 12,
Exercises: 11-14,
Problems: 11-19, 11-29



Other Questions:
Prepare answers to the following discussion questions:
1.

Analyse the concept of strategic management accounting.

Commentary
The material for week 1 and 2 covers the topic of strategic management accounting and strategic cost management. The aim of the material is to consider the role management accounting should play in the strategic decision making of an organisation. The concept of strategic management accounting has developed with the aim of highlighting the link between management accounting and strategy within organisations. You need to understand the input management accounting can have into the strategic direction of an organisation and how management accounting can support the strategic management of an organisation.

The first reading by John Haylock provides an alternative view to the focus we have on structured, number orientated measurement and management processes in organisations – it is designed to challenge you to provide a balance in how you think about management accounting and the measurement of performance and why businesses exist. The readings are focused on the concept of strategic management accounting and are an important part of the material for the topic. Week 1 is...
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