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Chapter 1

Introduction to strategic management

accounting

Outcome

By the end of this session you should be able to:

 explain the role of strategic performance management in strategic planning and
control and compare planning and control between and the strategic and
operational levels

 discuss the role of performance measurement in checking progress towards the
corporate objectives and discuss how strategic objectives are translated into
subsidiary objectives

 discuss how a mission statement impacts on performance management

 apply critical success factor analysis in developing performance metrics from
business objectives and assess the statement ‘what gets measured gets done’

 discuss potential conflict between strategic plans and short-term decisions

 assess the changing role of the management accountant and their role in
integrated reporting

 apply and evaluate benchmarking methods and assess benchmarks

 evaluate how SWOT analysis, Boston Consulting Group and Porter’s generic
strategies may assist with the performance management process

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 1 of your Study Text

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