Unit Plan Paper P6: Management Accounting Business Strategy

Paper P6 Management Accounting Business Strategy

Learning Outcomes
Identify relevant stakeholders Discuss relevant stakeholder groups and how they affect an organisation Recommend proactive and reactive approaches to business/govern ment relations and to relations with civil society Evaluate the impact of regulatory regimes on strategic planning and implementation 2

Unit
1

Topics
1.1 The identity of stakeholders 1.2 Mission statement

Class Questions

Home Work Questions

1.3 *Corporate social responsibility 1.4 Setting strategic objectives 1.5 Critical success factors

1.6 Meeting objectives of shareholders 1.7. Objectives for not-for-profit organisations 1.8 Competing objectives

1.2

2.1 The importance of the business environment 2.2 Causes of environmental uncertainty 2.3 Competitor analysis

2.1

Evaluate the nature of competitive environments, distinguish between simple or complicated competitive environments Distinguish the difference between static and dynamic competitive environments

2.4 Competitor accounting 2.5 *The global economic environment 2.6 The domestic economy

2.2

Chapter and Question references relate to CIMAs Official Study Systems, the only texts written and endorsed by the CIMA Faculty. Extracted from the CIMA Lecturer Resource Kit for the new 2005 CIMA syllabus. For more information on the use or adoption of CIMAs Official Study Systems, or to gain full access to the Lecturer Resource Kit, please contact Caron Horsgood. Tel: 01865 314948 c.horsgood@elsevier.com. www.cimapublishing.com Elsevier 2005. All rights reserved.

Unit Plan Paper P6: Management Accounting Business Strategy

Learning Outcomes
Evaluate the impact and influence of the external environment on an organisation and its strategy Explain the role and activities of pressure groups Identify an organisations value chain Evaluate the product portfolio of an organisation and recommend changes to support organisations strategic goals Prepare a benchmarking exercise and evaluate the results Discuss how suppliers and customers influence the strategy process and recommend how to interact with them Discuss how customers influence the strategy process and recommend how to interact with them Evaluate the product portfolio of an organisation and recommend appropriate changes to support the organisations strategic goals Discuss the concepts of data warehousing and data mining 6

Unit

Topics
2.7 National competitive advantage 2.8 *Country analysis and political risk 2.9 Sources of environmental information

Class Questions

Home Work Questions

3.1 The SWOT analysis 3.2 The position audit 3.3 Value chain analysis

3.4 3.2

3.4 Benchmarking 3.5 Gap analysis 3.6 Scenario Planning

3.1 or 3.3

4.1 Sources of earning 4.2 Product life-cycle 4.3 The BCG portfolio matrix 4.4 Direct product profitability 4.5 The nature of a marketing audit 4.6 Customer profitability analysis 4.7 Brand strategies 4.8 Relationship marketing 4.9 Data Warehousing and Data mining 4.2

4.1

10

11

4.5

Chapter and Question references relate to CIMAs Official Study Systems, the only texts written and endorsed by the CIMA Faculty. Extracted from the CIMA Lecturer Resource Kit for the new 2005 CIMA syllabus. For more information on the use or adoption of CIMAs Official Study Systems, or to gain full access to the Lecturer Resource Kit, please contact Caron Horsgood. Tel: 01865 314948 c.horsgood@elsevier.com. www.cimapublishing.com Elsevier 2005. All rights reserved.

Unit Plan Paper P6: Management Accounting Business Strategy

Learning Outcomes
Evaluate the strategic and competitive benefits of IS/IT and advise on the development of appropriate strategies

Unit
12

Topics
5.1 Introduction 5.2 The strategic case for IT investment 5.3 Using IT to gain competitive advantage 5.4 Using IT for competitive advantage Using information for competitive advantage 5.6 Value-added networks 5.7 Using e-commerce for competitive advantage 5.8 The need for information systems strategies 5.9 Collaborative strategies 5.10 Developing an information systems strategy 5.11 The changing role of the IT department 5.12 Organisational knowledge management 5.13 Developing a knowledge strategy

Class Questions
5.1 or 5.2

Home Work Questions

Evaluate the impact of electronic commerce on the way business is conducted and recommend an appropriate strategy Identify and evaluate IS/IT systems appropriate to the organisations strategic requirements

13

14

Evaluate and advise mangers on the development strategies of knowledge management, IM,IS and IT that support the organisations strategic requirements Evaluate strategic options

15

5.4

16

6.1 Three sets of strategic choices 6.2 Porters generic competitive strategy model

Evaluate strategic options

17

6.3 Product-market strategies 6.4 Alternative growth strategies 6.5 International growth strategies 6.6 Resource-based versus positioning view of strategy 6.7 Divestment strategies

18

6.1

Chapter and Question references relate to CIMAs Official Study Systems, the only texts written and endorsed by the CIMA Faculty. Extracted from the CIMA Lecturer Resource Kit for the new 2005 CIMA syllabus. For more information on the use or adoption of CIMAs Official Study Systems, or to gain full access to the Lecturer Resource Kit, please contact Caron Horsgood. Tel: 01865 314948 c.horsgood@elsevier.com. www.cimapublishing.com Elsevier 2005. All rights reserved.

Unit Plan Paper P6: Management Accounting Business Strategy

Learning Outcomes
discuss and apply both qualitative and quantitative techniques in the support of the strategic decision making function Evaluate the importance of process innovation and re-engineering

Unit
19

Topics
6.8 Strategic options in the public sector 6.9 Strategic options in the charity sector 6.10 Evaluation of Strategy 7.1 Overview : leading issues in business organisation 7.2 Organisational theories 7.3 Contemporary approaches to organisation

Class Questions

Home Work Questions

6.5

20

Discuss the role and responsibility of directors in the strategy development process Discuss the role of change management in a strategic context Understand the implications for Chartered Management Accountants and the management accounting system Evaluate and recommend appropriate control measures

21

7.4 The network organisation 7.5 Business process reengineering 7.6 *New patterns of employment 7.7 *Implications for management accounting 7.8 Strategic change

7.1

22

7.4

23 8.1 Theories of control 8.2 The functions of performance measurement 8.3 Conventional profitrelated measures of business performance 24 8.4 Value-based management approaches 8.5 The roles of the corporate centre in control 8.6 Management accounting and performance measurement 8.7 Multidimensional performance measurement 8.8 Stakeholder measurement 8.9 Additional control mechanisms 8.10 *Multinational industries

Evaluate and recommend appropriate control measures

8.2

Prepare and evaluate multidimensional models of performance measurement

25

8.4

Identify problems in performance measurement and recommend solutions

26

Chapter and Question references relate to CIMAs Official Study Systems, the only texts written and endorsed by the CIMA Faculty. Extracted from the CIMA Lecturer Resource Kit for the new 2005 CIMA syllabus. For more information on the use or adoption of CIMAs Official Study Systems, or to gain full access to the Lecturer Resource Kit, please contact Caron Horsgood. Tel: 01865 314948 c.horsgood@elsevier.com. www.cimapublishing.com Elsevier 2005. All rights reserved.

Unit Plan Paper P6: Management Accounting Business Strategy * Denotes areas that could be designated self study if the full 26 units are not available
Chapter and Question references refer to CIMAs Official Study Systems, the only texts written and endorsed by the CIMA Faculty. Unit plan extracted from CIMA Lecturer Resource Kit. Kits are supplied on CDROM and contain Lecture Plans and extensive Powerpoint slides. Their use ensures that all the learning outcomes of the new syllabus are covered in tuition sessions. They provide tutors with confidence, structure and reduced preparation time in teaching the new CIMA syllabus. Use is granted free of charge for teaching purposes to colleges adopting CIMA Official Study Systems as the core reading for the module. For more information on the use or adoption of CIMAs Official Study Systems, or to gain full access to the lecturer support material, please contact Caron Horsgood. Tel: 01865 314948 c.horsgood@elsevier.com www.cimapublishing.com

Chapter and Question references relate to CIMAs Official Study Systems, the only texts written and endorsed by the CIMA Faculty. Extracted from the CIMA Lecturer Resource Kit for the new 2005 CIMA syllabus. For more information on the use or adoption of CIMAs Official Study Systems, or to gain full access to the Lecturer Resource Kit, please contact Caron Horsgood. Tel: 01865 314948 c.horsgood@elsevier.com. www.cimapublishing.com Elsevier 2005. All rights reserved.