Cost and Management Accounting (Strategic Management Accounting) 2024

Available from

24 May, 2024



Course Category:

Management Accounting



The webinar will heighten the accountant’s awareness of the importance and role that these disciplines play and why they should hone they skills in applying them as part of their service offerings.  May 2024


Category: Management Accounting

R 375 VAT Incl.

Product Information

What you will learn

By attending this webinar you will gain the following competencies: 

  • To clearly define and explain the scope of cost, management, and strategic                           management accounting and show how these distinct disciplines are different from each other 
  • To clarify how these disciplines, though different, relate and feed into each other to ultimately achieve the strategic purposes of organisations 
  • To highlight the roles that each of these disciplines play within organisations
  • To examine the tools and techniques applied by each of these disciplines
  • To emphasise the importance of applying all of these tools in order for an organization to maintain its competitive advantage and strategic intent



Cost and management accounting are traditional tools that have been used for years to identify, measure, analyse, interpret and communicate financial and non-financial information to assist management in decision-making and overall control of the organization’s operations.

However, there is an even more strategic tool called “strategic management accounting” which serves as a bridge between strategy formulation and implementation by providing decision-makers with the information and analysis they need to make informed choices that align with the organisation’s strategic objectives and enhance its competitive position in the market.



The following pricing apply:

Adhoc: R375.00

Subscription: Included for free in Accountant in PracticeAccountant in Practice plus Tax.



The webinar will cover the following topics: 

Fundamentals of Cost and Management Accounting

  • Definition and scope of Cost, Management Accounting and Strategic Management Accounting
  • Cost Accounting
  • Management Accounting
  • Strategic Management Accounting

Key principles and techniques of cost and management accounting

  • Key Principles
  • Cost Classification 
  • Cost Control
  • Cost Allocation

Techniques of cost and management accounting

  • Use of Costing Methods
  • Cost-Volume-Profit (CVP) Analysis
  • Decision-Making Techniques
  • Performance Measurement
  • Budgeting
  • Variance Analysis
  • Inventory Valuation
  • Capital Budgeting
  • Activity-Based Costing (ABC

Overview of cost classification and behaviour

Cost Classification:

  • By Nature:
  • By Function:
  • By Traceability
  • By Variability

Cost Behaviour

  • Variable Costs
  • Fixed Costs
  • Semi-variable Costs
  • Step Costs
  • Mixed Costs 
  • Cost-volume-profit (CVP) analysis

Breakdown of key components in CVP analysis

  • Costs
  • Variable Costs
  • Fixed Costs
  • Volume
  • Profit

Key metrics derived from CVP analysis

  • Break-even Point
  • Contribution Margin:
  • Contribution Margin Ratio
  • Profit-Volume (P/V) Ratio

Strategic Management Accounting Framework

  • Understanding the role of Strategic Management Accounting in strategic decision-making
  • Cost Analysis
  • Performance Measurement
  • Strategic Planning
  • Resource Allocation
  • Risk Management
  • Competitor Analysis
  • Decision Support
  • Components of Strategic Management Accounting framework
  • Strategic Planning
  • Value Chain Analysis
  • Key Performance Indicators (KPIs)
  • Cost Management
  • Benchmarking
  • Risk Management
  • Performance Evaluation and Control
  • Strategic Investment Analysis
  • Strategic Costing
  • Strategic Pricing

Strategic cost management vs. traditional cost management

  • Traditional Cost Management
  • Focus
  • Methods

Strategic Cost Management

  • Focus
  • Methods

 Key Differences

  • Scope 
  • Integration with Strategy
  • Emphasis on Value

Linking SMA with organizational goals and strategies

  • Understanding Organizational Goals
  • Integration of Financial and Non-Financial Metrics
  • Performance Measurement and Key Performance Indicators (KPIs)
  • Cost-Volume-Profit (CVP) Analysis
  • Resource Allocation
  • Scenario Planning and Sensitivity Analysis
  • Continuous Monitoring and Feedback
  • Costing Methods for Strategic Decision-Making

Activity-Based Costing (ABC) and its relevance in Strategic Management Accounting

  • Accurate Costing
  • Cost Transparency
  • Resource Allocation
  • Product Profitability Analysis
  • Strategic Decision Making
  • Performance Evaluation and Incentive Alignment

Target costing and life cycle costing

  • Target costing 
  • Definition
  • Process
  • Application

 Life Cycle Costing

  • Definition
  • Process
  • Application

 Implementing costing methods to support strategic objectives

  • Understand Strategic Objectives
  • Identify Key Cost Drivers
  • Select Appropriate Costing Methods
  • Activity-Based Costing (ABC)
  • Target Costing
  • Life Cycle Costing
  • Marginal Costing

Integrate Costing with Performance Measurement objectives

  • Cost Optimization and Scenario Analysis
  • Cross-Functional Collaboration
  • Continuous Monitoring and Adaptation

Case studies and examples illustrating the application of costing methods

  • Job order costing
  • Process costing
  • Marginal costing
  • Performance Measurement and Control

 Designing performance measurement systems for strategic alignment

  • Understand Strategic Objectives
  • Identify Key Performance Indicators (KPIs)
  • Cascade KPIs
  • Balance Leading and Lagging Indicators
  • Ensure Alignment
  • Establish Targets and Benchmarks
  • Choose Appropriate Metrics
  • Implement a Balanced Scorecard Approach
  • Regularly Review and Adjust
  • Communicate and Cascade Goals

Key performance indicators (KPIs) in Strategic Management Accounting

  • Return on Investment (ROI)
  • Profitability Ratios
  • Market Share
  • Customer Lifetime Value (CLV)
  • Cost-to-Income Ratio
  • Customer Satisfaction and Retention
  • Employee Productivity and Satisfaction
  • Strategic Initiative Success
  • Cash Flow Metrics
  • Risk Metrics

Balanced Scorecard approach

  • Financial Perspective
  • Customer Perspective
  • Internal Processes Perspective
  • Learning and Growth Perspective

 Behavioural implications of performance measurement

  • Goal Setting
  • Motivation
  • Accountability
  • Incentives
  • Decision Making
  • Organizational Culture
  • Ethical Behaviour

 Techniques for performance evaluation and improvement

  • Key Performance Indicators (KPIs)
  • Benchmarking
  • Balanced Scorecard
  • SWOT Analysis

Activity-Based Costing (ABC)

  • Continuous Improvement Processes
  • Strategic Reviews and Audits
  • Employee Training and Development
  • Performance Incentives
  • Technology Adoption 




The following CPD is awarded 3 Units Management Accounting.



There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.



Constance Kawelenga CA(SA)

Constance Kawelenga is a chartered accountant with a broad proficiency in finance, taxation and auditing. She has attained a diverse range of experience – from Big 4 audit experience, commercial multinational exposure, to running an audit and consulting boutique over the past 8 years. 

In 2013, Constance founded the Zuva Group of entities, focusing on audit, financial management, taxation, secretarial, business mentorship as well as business valuations.  


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