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Advanced management accounting


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

This module sets out multi-dimensional planning and control approaches linked to performance measurement and management, and identifies methods of implementation. In so doing, it identifies a range of strategic 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 takes account 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.
  • Dividisionalised 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 dividisionalised organisations.
  • Understand the significance of quality within the internal and external activity of an organisation, and how to improve it. 
  • Explain, apply and evaluate a range of 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%