ma2 mod1 Essay

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MA2 module 1

Advanced Management Accoun/ng

Module 1

Strategy

Lectures and handouts by: Stephen Spector, MA, FCGA

Copyright © The CerAfied General Accountants AssociaAon of BriAsh Columbia All rights reserved

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Module 1: Table of Contents Part 1 2

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Content • Welcome and Course Overview • What is strategy? / Strategic leadership / Developing and managing strategy (1.1 – 1.3) • Strategic Financial Management / Tools for Strategy / ImplemenAng Strategy (1.4 – 1.6) • Using management control systems / The Role of the management accountant / Quality of management decision making (1.7 – 1.9) • Review Problems and Assignment Tips

Copyright © The CerAfied General Accountants AssociaAon of BriAsh Columbia All rights reserved

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Part 1

Welcome

and Course Overview

Copyright © The CerAfied General Accountants AssociaAon of BriAsh Columbia All rights reserved

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MA2 module 1

Part 1: Welcome and Course Overview • Advanced Management Accoun/ng [MA2] is the second of two courses in the management accounAng stream in the CGA program of professional studies.

• It focuses on the important role of the management accountant as an integral part of the process by which managers make decisions.

Copyright © The CerAfied General Accountants AssociaAon of BriAsh Columbia All rights reserved

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Part 1: Welcome and Course Overview

• MA2 deals with issues such as decision framing, contemporary approaches, and performance evaluaAon. • It integrates agency theory and ethical consideraAons in management accounAng. • Basically, MA2 is designed to assist you with the acquisiAon of skills and the development professional competence.

Copyright © The CerAfied General Accountants AssociaAon of BriAsh Columbia All rights reserved

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Part 1: Welcome and Course Overview • A_er compleAng the course, it is expected that you will have, or be able to: § Acquired a conceptual understanding of the role of management accountant in providing informaAon to support managerial decisions; § Built up an ability to perform analyses relevant to specific managerial decisions; § Developed an awareness of current issues in designing and implemenAng effecAve management control systems;

Copyright © The CerAfied General Accountants AssociaAon of BriAsh Columbia All rights reserved

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MA2 module 1

Part 1: Welcome and Course Overview • A_er compleAng the course, it is expected that you will have, or be able to: § CulAvated the moral responsibiliAes of management accountants to their profession and to the managers they advise; § Evaluate the social costs and benefits of securing resources to meet the…