Advanced management accounting


Advance management accounting aligns the use of strategic management accounting with the process of performance measurement and management.

This module sets out potential multi-dimensional planning and control approaches linked to performance measures and identifies methods of implementation. In so doing, it identifies a range of cost management techniques, their usefulness, and their applications. This includes the application of skills using quantitative/financial techniques; the ability to interpret and explain the results of these calculations; the ability to critically evaluate the techniques; and a recognition that management accounting, particularly at the strategic level is context-dependent, and has to be put into the context of an organisation’s strategy, culture and management style.  

Topics covered: 

Main topics of the module include: 

  • The nature and purpose of strategic management accounting 
  • Issues in and challenges to management control 
  • Contemporary approaches to financial planning and cost measurement and management 
  • Divisionalized performance evaluation 
  • Transfer pricing 
  • Non-financial performance evaluation 
  • Approaches to and issues in generating and monitoring quality 

Learning outcomes

On successful completion of this module, you will be expected to be able to:  

  • Discuss the need for management and strategic planning and control, and identify and evaluate the various forms of controls. 
  • Discuss the use of and apply financial performance and non-financial performance measures. 
  • Identify, evaluate and apply a range of financial planning and costing techniques 
  • Assess performance within divisionalized organizations 
  • Understand the significance of quality within the internal and external activity of an organization, and how to improve it. 
  • Explain, apply and evaluate the various contemporary performance measurement and management frameworks 


  • Online open book test: 2 hours; weighted at 25%  

  • Coursework: up to 3,000 words; weighted at 75%