acc5sma cpa strategic management accounting
CPA STRATEGIC MANAGEMENT ACCOUNTING
ACC5SMA
2019
Credit points: 15
Subject outline
In this subject you will examine the management accountant's role in dynamic organisations operating in the global business environment. You will: a) develop the skills of the professional accountant in creating, managing and enhancing sustainable value to the organisation through the use of various strategic management accounting tools and techniques; and b) examine techniques for developing, implementing, measuring and monitoring the performance of an organisation to provide feedback for improving strategies.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorAxel Schulz
Available to Study Abroad StudentsYes
Subject year levelYear Level 5 - Masters
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites Must have completed 180 credit points of subjetcs as per the course structure in either LMCPA or LMFAN and seek subject co-ordinator's approval.
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditions All students enrolling in the CPA Professional subjects must first enroll with CPA Australia and provide evidence of associate membership with CPA Australia. The final exam for the CPA professional subjects is the official CPA professional accreditation exam set and graded by CPA Australia. Students failing to pass this exam on the first attempt will be offered a second attempt in lieu of a supplementary exam. All CPA Australia exams are at the student's own cost, exam payments must be made directly to CPA Australia.
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Discipline Specific | Study Guide | Prescribed | CPA Australia | CPA Australia |
| Readings | Blended material | Recommended | La Trobe University | La Trobe University |
Graduate capabilities & intended learning outcomes
01. Critique the role of strategic management accounting in supporting strategy development and day-to-day operations of an organisation.
- Activities:
- Lectures, workshops, case studies and relevant online material
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. Discriminate and apply key strategic management processes including organisational and industry value analysis to develop understanding of value drivers, cost drivers and the reconfiguring of value chains
- Activities:
- Lectures, workshops, case studies and relevant online material
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
03. Examine the role of performance measurement and control systems in value creation, strategy
- Activities:
- Lectures, workshops, case studies and relevant online materials
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
04. Apply strategic management accounting tools and techniques to improve the effectiveness and long term sustainability of value creating activities
- Activities:
- Lectures, workshops, case studies and relevant online materials
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
05. Recognise the role of product development/ selection, planning, monitoring and completion in strategy formulation and implementation
- Activities:
- Lectures, workshops, case studies and relevant online materials
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Subject options
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Melbourne, 2019, Semester 1, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorAxel Schulz
Class requirements
Lecture/WorkshopWeek: 10 - 22
Seven 3.0 hours lecture/workshop per study period on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"Taught as seven 3-hour face-to-face seminars, plus online material from CPA Australia. Seminar timing will be aligned to match CPA Australia exam dates."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| CPA Final Exam (3 hours 15 minutes) (3250 words) | The CPA Program Exams are of three hours and 15 minutes duration. CPA Program exams are open book. As this exam forms part of a professional qualification, the required level of performance is high. | 70 | 01, 02, 03, 04, 05 |
| Individual Assignment (1000- words) | Students will prepare an individual case study analysis. This will assist students to prepare for the CPA Exam where case study analysis is an important element. | 10 | 01, 02, 03, 04, 05 |
| Group Assignment (500 words) per student | Students will work in groups to prepare an in-depth case study analysis. This will assist students to prepare for the CPA Exam where case study analysis is an important element. | 20 | 01, 02, 03, 04, 05 |