MODULE 1
PART A
1 Value 3 PART D
1.1 Shareholder Value 12 Key Challenges facing by Management Accountants 15
1.2 Customer Value 12.1 Technology
1.3 Stakeholder Value 12.2 Managing Resources
2 Types of Stakeholders 12.3 Innovation
2.1 Owners 13 Causes of changing in Business Environmnt 17
2.2 Lenders 13.1 The Grobal Eocnomy
2.3 Customers 13.11 Economic Turmoil
2.4 Suppliers 13.12 Structural Change
2.5 Employees 13.13 Globalisation
2.6 Community Groups 13.131 Imacts
3 Which View Point should be taken when determining Val 4 Drivers
3.1 Orginasational View point Challenges
3.2 Society view point Physical & Capabilities Factors
4 Strategic Management & Strategic Management Accounti 5 Social factors & national cultures
Legal & Political systems
PART B 13.2 Technology 23
5 The Strategic Management Process 6 13.21 Capital Equipment
5.1 Strategic Management Accounting - Supporting Managers 13.22 Information & Communication technologies
5.11 Strategic Management 13.221 Cloud Computing
5.111 Strategic Analysis 13.222 Employee owned devices
5.112 Strategy Planning & Choice 13.223 Big Data
5.113 Implement Strategy 13.3 Sustainability 25
5.114 Strategy Evaluation 13.31 Corporate Social Responsibility
5.12 Operational Management (Middle Management) 7 13.32 Environmental Management Accounting
5.121 Planning 13.33 Ethics
5.122 Evaluating 13.4 Internal Structures 28
5.123 Controlling 13.41 Organisational Structure
5.124 Communicating 13.42 Flatter Hierarchy
5.125 Coordinating 13.43 Offshoring/Outsourcing
5.126 Rewarding 13.44 Virtual Office and global team
5.127 Decision Making 13.45 Joint Venture/Alliance
5.13 Key Difference between Strategic & Operational Mana 14 Management Reporting 30
6 Strategic Management Accounting - Line Managers 9 14.11 Projects
7 Strategic Management Accounting - Service Industry 10 14.12 Leading Indicators
7.111 Intengible 14.13 Competitors
7.112 No ability to store 14.14 Industry Analysis
7.113 Unique offering 14.15 Non-financial performance
7.114 Unused capacity 15 Analytical Techniques Available to Management Accountant 31
8 Strategic Management Accounting - Public Sector 10 15.1 Internal Analysis
8.111 Economy 15.2 External Analysis
8.112 Efficiency 15.3 Strategic Planning & Choice
8.113 Effectiveness 15.4 Strategic Implementation
15.5 Strategic Evaluation
PART C 16 Value Analysis 32
9 The Role of Management Accounting in Stretic Manageme 11 16.1 Value chain
9.1 The Role of Management Accountant 16.2 Strategies
9.11 Traditional Management Accounting 16.3 Organisation Value Chain
9.12 Strategic Management Accounting 16.4 Industry Value Chain
9.111 Target Costing 17 SWOT 34
9.2 Analyst, Business Adviser, Partner 12 17.1 Internal Analysis 35
9.21 Perspective on the role of Management Accountant 17.11 Resourced based Theory
9.211 Business Partner 17.12 Portfolio Theory & product life cycles
9.212 Overseer 17.121 Introduction
10 Contemporary Skills & Techniques 13 17.122 Growth
10.111 Intellectual 17.123 Maturity
10.112 Technical 17.124 Decline
Personal & Interpersonal 17.13 Price skimming
Communication 17.14 Boston Consulting Group Product Matrix (Star, Question, Cow, Dog)
Organisation or Business Management 17.141 Market Growth Rate
11 IFAC - How Management Accountant dirve sustainable organi 17.142 Market Share
11.111 Creater of value 17.2 External Analysis 38
Enablers of value 17.21 Porter Five Force Model
Preservers of Value 17.211 New Entrant
Reporters of Value 17.212 Alternative Product
17.213 Cutomer
17.214 Supplier
17.215 Existing Competitors
17.22 PEST (Political, Economic, Socio-Cultural, Technological ) 40
, MODULE 2
PART A
1 Type of information needs for stakeholder decision making 47 11.2 Contextual
1 Information needs of Stakeholders 11.21 Relevance
1.1 External Stakeholder 11.22 Value Added
1.11 Community 11.23 Timeliness
1.12 Creditor 11.24 Completeness
1.13 Customer 11.25 Amount of Information
1.14 Government 11.3 Representational
1.15 Investor 11.31 Interpretability
1.16 Suppliers 11.32 Format
1.17 Trade Union 11.33 Coherence
1.2 Internal stakeholder 11.34 Compatibility
1.21 Board of Director/Senior Management 11.4 Accessibility
1.22 Sales and Marketing 11.41 Access
1.23 Production/Logistic 11.42 Security
1.24 Finance and administration 12 Effects & Challenges of new information system &
2 Role of Management Accountant (Internal + External ) 49 12.1 Data Warehouse & Data Mining
3 Corporate Social Reporting (Integrated Reporting ) 12.2 Big Data
4 Stakeholder Management 50 12.3 Big Data - Challenges
4.1 Stakeholder grid 12.31 Building Predictive Models
4.11 Interest 12.32 Managing the data
4.12 Power 13 Issues with Big Data & Personal Data used for pro
5 Stakeholder Risk Management 52 14 Business Intelligence OLAP
5.1 Identify Threats PART C
5.2 Assess Likelyhood/probability 15 The Role of Management Accounting in influencing s
5.3 determine their impact/consequences 16 Balancing Stakeholder requirements & informati
16.1 Delivery of Information
PART B 16.2 Format of Information
6 Information System & their effects on Organisation Decision Making & Per 55 16.3 Impact of Information
6 Impact of Information system in stretegy formulation & implementation 56 16.31 Silver Bullet
6.1 Cost & Benefits of Information 17 Different Level of Information in the organisation
6.11 Gathering 17.1 Strategic Information
6.12 Storing & protecting from unauthorised access 17.11 Drucker (1964) - Question
6.13 Analysing & interpreting the information 17.2 Tactical Information
6.14 Presenting the information to user in a clear & concise way 17.3 Operational Information
6.2 Fuction of Information System 17.31 Functional Requirements
6.21 Input 17.311 - Sales
6.22 Processing 17.312 -Inventory/ Warehouse
6.23 Output 17.313 - Distribution to Customer
6.24 Feedback 17.314 - Procurement
6.25 Control 18 Importance of Linking information to Strategy
7 Different Type of Information System 57 18.11 Financial Approach
7.1 Transaction Processing System 18.12 Performance Management Approach
7.2 Management Accounting System 18.2 Using Information Strategically
7.21 Management Information System 19 Roles of Management Accountants
7.3 Product Planning & Control System 58 19.1 Trusted Business Partner
7.4 Customer Relationship Management System 19.2 Custodian of Information
7.5 Enterprise Resource Planning System 59 PART D
7.6 Decision Support System 20 Upgrading of Replacing Information System
7.7 Knowledge Management System 21 Stimulus for new or Updated system
8 Sourcing, Aggregating & Integrating Information 60 22 Making a Preliminary Assessment
8.1 Source /Domain - External + Internal 22.1 Initially establishing the system information n
8.11 Border Economic Data 22.2 Lack of Information
8.12 Financial Reporting (External) 22.3 Inadequate reports or Unavailable suitable rep
8.13 Stretegic Management Accounting (Internal) 22.4 Critical success factor Approach
8.2 Method of Aggregation & Integration of Information 61 22.5 The Other Approach - Identify & Analyse
8.21 Aggregating to get bigger picture 22.6 A Systematic Approach
8.22 Triangulating 22.7 Other Methdos of obtaining information needs
8.23 Combining existing information to create new measures 22.71 Methods Analyse organisational task
8.24 Aggregating to produce new, high level summary measures Ask the decision maker about their ne
8.25 Aggregating where different information is presented together Analyse the existing information syst
9 Characterstics & Limitation of Different Types of Information 63 Strategic Goals & concerns
9.1 Dimension of Information Process Analysis of Inputs & outputs
9.11 Domain - External vs Internal Use an expert Panel
9.12 Type - Financial vs Non-Financial 22.8 The life cycle of System
9.13 Source - Primary vs Secondary 23 Pitfalls in evaluating major information needs
9.2 Limitation of different kind of information 64 24 Analysing new and existing information systems
9.3 Security of information & ethics of information 24.1 Feasibility
10 Characterstics of Information 65 24.11 Technical
10.1 Validity 24.12 Economic
10.2 Reliability 24.13 Operational
10.3 Comparability 24.2 The criteria required for a new system
10.4 Verifiability 24.21 Comprehensiveness
10.5 Timeliness 24.22 Adaptability
10.6 Understandibility 24.23 fit
11 Classification/Quality of Information 66 24.24 Alternatives
11.1 Intrinsic 24.25 Operational Skills
11.11 Accuracy 24.26 Big Data Capabilities
11.12 Objectivity 24.27 Customisation
11.13 Believability 25 Making Changes to an existing system
11.14 Reputational 25.1 Holistic Approach
26 Is Investment in a new system prudent
27 Evaluating a suggested information solution
27.1 Tangible - Measurable Financial Advantage
27.2 Intangible - where financial benefits are difficu
PART A
1 Value 3 PART D
1.1 Shareholder Value 12 Key Challenges facing by Management Accountants 15
1.2 Customer Value 12.1 Technology
1.3 Stakeholder Value 12.2 Managing Resources
2 Types of Stakeholders 12.3 Innovation
2.1 Owners 13 Causes of changing in Business Environmnt 17
2.2 Lenders 13.1 The Grobal Eocnomy
2.3 Customers 13.11 Economic Turmoil
2.4 Suppliers 13.12 Structural Change
2.5 Employees 13.13 Globalisation
2.6 Community Groups 13.131 Imacts
3 Which View Point should be taken when determining Val 4 Drivers
3.1 Orginasational View point Challenges
3.2 Society view point Physical & Capabilities Factors
4 Strategic Management & Strategic Management Accounti 5 Social factors & national cultures
Legal & Political systems
PART B 13.2 Technology 23
5 The Strategic Management Process 6 13.21 Capital Equipment
5.1 Strategic Management Accounting - Supporting Managers 13.22 Information & Communication technologies
5.11 Strategic Management 13.221 Cloud Computing
5.111 Strategic Analysis 13.222 Employee owned devices
5.112 Strategy Planning & Choice 13.223 Big Data
5.113 Implement Strategy 13.3 Sustainability 25
5.114 Strategy Evaluation 13.31 Corporate Social Responsibility
5.12 Operational Management (Middle Management) 7 13.32 Environmental Management Accounting
5.121 Planning 13.33 Ethics
5.122 Evaluating 13.4 Internal Structures 28
5.123 Controlling 13.41 Organisational Structure
5.124 Communicating 13.42 Flatter Hierarchy
5.125 Coordinating 13.43 Offshoring/Outsourcing
5.126 Rewarding 13.44 Virtual Office and global team
5.127 Decision Making 13.45 Joint Venture/Alliance
5.13 Key Difference between Strategic & Operational Mana 14 Management Reporting 30
6 Strategic Management Accounting - Line Managers 9 14.11 Projects
7 Strategic Management Accounting - Service Industry 10 14.12 Leading Indicators
7.111 Intengible 14.13 Competitors
7.112 No ability to store 14.14 Industry Analysis
7.113 Unique offering 14.15 Non-financial performance
7.114 Unused capacity 15 Analytical Techniques Available to Management Accountant 31
8 Strategic Management Accounting - Public Sector 10 15.1 Internal Analysis
8.111 Economy 15.2 External Analysis
8.112 Efficiency 15.3 Strategic Planning & Choice
8.113 Effectiveness 15.4 Strategic Implementation
15.5 Strategic Evaluation
PART C 16 Value Analysis 32
9 The Role of Management Accounting in Stretic Manageme 11 16.1 Value chain
9.1 The Role of Management Accountant 16.2 Strategies
9.11 Traditional Management Accounting 16.3 Organisation Value Chain
9.12 Strategic Management Accounting 16.4 Industry Value Chain
9.111 Target Costing 17 SWOT 34
9.2 Analyst, Business Adviser, Partner 12 17.1 Internal Analysis 35
9.21 Perspective on the role of Management Accountant 17.11 Resourced based Theory
9.211 Business Partner 17.12 Portfolio Theory & product life cycles
9.212 Overseer 17.121 Introduction
10 Contemporary Skills & Techniques 13 17.122 Growth
10.111 Intellectual 17.123 Maturity
10.112 Technical 17.124 Decline
Personal & Interpersonal 17.13 Price skimming
Communication 17.14 Boston Consulting Group Product Matrix (Star, Question, Cow, Dog)
Organisation or Business Management 17.141 Market Growth Rate
11 IFAC - How Management Accountant dirve sustainable organi 17.142 Market Share
11.111 Creater of value 17.2 External Analysis 38
Enablers of value 17.21 Porter Five Force Model
Preservers of Value 17.211 New Entrant
Reporters of Value 17.212 Alternative Product
17.213 Cutomer
17.214 Supplier
17.215 Existing Competitors
17.22 PEST (Political, Economic, Socio-Cultural, Technological ) 40
, MODULE 2
PART A
1 Type of information needs for stakeholder decision making 47 11.2 Contextual
1 Information needs of Stakeholders 11.21 Relevance
1.1 External Stakeholder 11.22 Value Added
1.11 Community 11.23 Timeliness
1.12 Creditor 11.24 Completeness
1.13 Customer 11.25 Amount of Information
1.14 Government 11.3 Representational
1.15 Investor 11.31 Interpretability
1.16 Suppliers 11.32 Format
1.17 Trade Union 11.33 Coherence
1.2 Internal stakeholder 11.34 Compatibility
1.21 Board of Director/Senior Management 11.4 Accessibility
1.22 Sales and Marketing 11.41 Access
1.23 Production/Logistic 11.42 Security
1.24 Finance and administration 12 Effects & Challenges of new information system &
2 Role of Management Accountant (Internal + External ) 49 12.1 Data Warehouse & Data Mining
3 Corporate Social Reporting (Integrated Reporting ) 12.2 Big Data
4 Stakeholder Management 50 12.3 Big Data - Challenges
4.1 Stakeholder grid 12.31 Building Predictive Models
4.11 Interest 12.32 Managing the data
4.12 Power 13 Issues with Big Data & Personal Data used for pro
5 Stakeholder Risk Management 52 14 Business Intelligence OLAP
5.1 Identify Threats PART C
5.2 Assess Likelyhood/probability 15 The Role of Management Accounting in influencing s
5.3 determine their impact/consequences 16 Balancing Stakeholder requirements & informati
16.1 Delivery of Information
PART B 16.2 Format of Information
6 Information System & their effects on Organisation Decision Making & Per 55 16.3 Impact of Information
6 Impact of Information system in stretegy formulation & implementation 56 16.31 Silver Bullet
6.1 Cost & Benefits of Information 17 Different Level of Information in the organisation
6.11 Gathering 17.1 Strategic Information
6.12 Storing & protecting from unauthorised access 17.11 Drucker (1964) - Question
6.13 Analysing & interpreting the information 17.2 Tactical Information
6.14 Presenting the information to user in a clear & concise way 17.3 Operational Information
6.2 Fuction of Information System 17.31 Functional Requirements
6.21 Input 17.311 - Sales
6.22 Processing 17.312 -Inventory/ Warehouse
6.23 Output 17.313 - Distribution to Customer
6.24 Feedback 17.314 - Procurement
6.25 Control 18 Importance of Linking information to Strategy
7 Different Type of Information System 57 18.11 Financial Approach
7.1 Transaction Processing System 18.12 Performance Management Approach
7.2 Management Accounting System 18.2 Using Information Strategically
7.21 Management Information System 19 Roles of Management Accountants
7.3 Product Planning & Control System 58 19.1 Trusted Business Partner
7.4 Customer Relationship Management System 19.2 Custodian of Information
7.5 Enterprise Resource Planning System 59 PART D
7.6 Decision Support System 20 Upgrading of Replacing Information System
7.7 Knowledge Management System 21 Stimulus for new or Updated system
8 Sourcing, Aggregating & Integrating Information 60 22 Making a Preliminary Assessment
8.1 Source /Domain - External + Internal 22.1 Initially establishing the system information n
8.11 Border Economic Data 22.2 Lack of Information
8.12 Financial Reporting (External) 22.3 Inadequate reports or Unavailable suitable rep
8.13 Stretegic Management Accounting (Internal) 22.4 Critical success factor Approach
8.2 Method of Aggregation & Integration of Information 61 22.5 The Other Approach - Identify & Analyse
8.21 Aggregating to get bigger picture 22.6 A Systematic Approach
8.22 Triangulating 22.7 Other Methdos of obtaining information needs
8.23 Combining existing information to create new measures 22.71 Methods Analyse organisational task
8.24 Aggregating to produce new, high level summary measures Ask the decision maker about their ne
8.25 Aggregating where different information is presented together Analyse the existing information syst
9 Characterstics & Limitation of Different Types of Information 63 Strategic Goals & concerns
9.1 Dimension of Information Process Analysis of Inputs & outputs
9.11 Domain - External vs Internal Use an expert Panel
9.12 Type - Financial vs Non-Financial 22.8 The life cycle of System
9.13 Source - Primary vs Secondary 23 Pitfalls in evaluating major information needs
9.2 Limitation of different kind of information 64 24 Analysing new and existing information systems
9.3 Security of information & ethics of information 24.1 Feasibility
10 Characterstics of Information 65 24.11 Technical
10.1 Validity 24.12 Economic
10.2 Reliability 24.13 Operational
10.3 Comparability 24.2 The criteria required for a new system
10.4 Verifiability 24.21 Comprehensiveness
10.5 Timeliness 24.22 Adaptability
10.6 Understandibility 24.23 fit
11 Classification/Quality of Information 66 24.24 Alternatives
11.1 Intrinsic 24.25 Operational Skills
11.11 Accuracy 24.26 Big Data Capabilities
11.12 Objectivity 24.27 Customisation
11.13 Believability 25 Making Changes to an existing system
11.14 Reputational 25.1 Holistic Approach
26 Is Investment in a new system prudent
27 Evaluating a suggested information solution
27.1 Tangible - Measurable Financial Advantage
27.2 Intangible - where financial benefits are difficu
