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Strategic management and accounting

Stage 2, compulsory (all pathways)

The course focuses on the key concepts and debates in the theory of corporate and business strategy; the changing context in which the corporate strategy is formulated and implemented; and how theoretical debates can be related to corporate strategies via the analysis of case studies covering a variety of industrial settings and situations.

The course also covers technical and non-technical aspects of management accounting, with a focus on the role management accounting plays in improving organisational performance.

Topics covered

  • Strategic management
  • Strategy and strategising
  • Historical threads in strategy development
  • Planned and emergent strategies
  • Resource based view
  • Business level strategies
  • Corporate level strategies and diversification
  • Corporate governance
  • Stakeholder and shareholder view of the firm
  • Financialisation and corporate behaviour
  • Mergers, acquisitions & alliances

Management Accounting:

  • ABC and ABCM
  • Pricing and pricing issues
  • Management accounting for performance
  • Management accounting for sustainability
  • Cost of capital
  • NPV, tax, inflation and other issues
  • Divisionalisation and organisational accountability
  • Investment appraisal techniques
  • Performance evaluation techniques
  • Control and responsibility accounting

Learning outcomes

  • Explain the major approaches to analysing corporate strategy and the debates between proponents of these positions
  • Analyse the ways in which regulatory practices relate to corporate strategy
  • Assess the application of strategic frameworks to a variety of business contexts
  • Apply techniques of cost-volume profit analysis, absorption costing
  • Apply the techniques of both Activity Based Costing and management systems
  • Critically discuss the role management accounting plays in improving organisational performance


  • Summative report [2000 words] (40%)
  • Three-hour examination (60%)