Week 8 Accounting And Strategy In This Final Week

Week 8: Accounting and strategyIn this final week, you consider the important role that accounting tools and techniques can play in the implementation of strategic goals of the organisation.Strategic management accounting is the broad terms given to many of these strategic tools and these relate to the use of the balanced scorecard (BSC), shareholder value analysis, value chain analysis and other techniques.All of these techniques are focused on improving the strategic direction of an organisation; however, all are highly dependent on successful implementation and this must be managed appropriately and across the entire organisation if it is to succeed. There have been many success stories involving the BSC while other organisations have had mixed results.In this final week, you discuss the role that the BSC can play in an organisation and you also complete your final PDP submission.Learning ObjectivesBy the end of this week, you will:Critically evaluate the nature and evolving role of strategic management accounting, with reference to the potential roles of balanced scorecards and shareholder value analysis (SVA)Articulate and critically evaluate how strategic managerial accounting and financial management can enhance strategic decision makingSynthesize PDP outcomesThis week you will complete the following items:Read the Required Learning