SCHOOL OF ACCOUNTING & LAW Department of Accounting Semester 1, 2020

ACC602Sem: Strategic Management Accounting [Week 2: Tutorial 1 Topic 1]

1. Define the terms ‘customer value’ and ‘shareholder value’. Discuss its importance in
terms of need for management accounting information while making business decisions.

2. What is meant by resource management? Provide some examples of ‘financial resources’

and ‘non- financial resources’. Should management accountants be concerned with non-
financial resources? Provide justification for your answer.
3. What types of management accounting information might assist management in a
business that followed a strategy based on:
a) Cost leadership strategy
b) Differentiation strategy based on innovation

4. Briefly describe changes in the focus of management accounting that have occurred since
the beginning of the twenty-first century.

5. Explain the relationship between an organizations mission statement , vision and

strategies

6. Explain the difference between corporate strategy and business strategy. Give local
examples.

7. Imagine you are a management accountant in a large organisation. Discuss how you
would approach an ethical dilemma.

Good luck!.......