Imperial Corporate Training Institute provides a comprehensive training series to integrate the principles of strategic management accounting and advanced audit practices. The focus of the course is on the planning and analysis of management accounting information for use in support of strategic decision-making on an organisational basis. Participants will gain in-depth knowledge of how to evaluate elements of strategic cost management techniques, performance measurement methodologies, budgeting systems and value-based management systems from a structured audit perspective.
The course will emphasise the importance of conducting management accounting audits as a means of improving corporate governance, risk management, and long-term financial sustainability. Auditors will review and evaluate the reliability, relevance, and alignment of management accounting systems, including forecasting models, strategic budgets, cost structures and performance measures. The structured and practice focused design of this training course fills a gap between traditional financial auditing and strategic management accounting; allowing for professionals to determine the contribution of accounting information in the context of a competitive advantage and in achieving organisational effectiveness.
Objectives
By the end of the Strategic Management Accounting Audit Training Course, participants will be able to:
- Recognize the principles and area of Strategic Management Accounting in an Internal Audit Environment
- Identify the Role of Management Accounting (MA) Systems in Doing Strategic Management
- Evaluate Strategic Cost Management Methods from an Audit and Control Perspective
- Assess Budgeting, Forecasting, and Planning Systems for Strategic Appropriateness and Accuracy
- Audit Performance Measurement Systems – KPIs and Balanced Scorecards
- Identify Risk Areas Related to Strategic Management Accounting Processes and Controls
- Evaluate Value Chain Analysis and Its Impact on Cost Control and the Assurance Provided by Audits
- Review Transfer Pricing Policies and Internal Pricing Methodology from an Audit Perspective
- Utilize Strategic Variance Analysis Methodologies to Support Audit Conclusions
- Enhance Good Governance and Compliance Through Properly Executed Management Accounting Audits.
Target Audience
This course is suitable for professionals involved in financial management, auditing, and strategic planning roles, including:
- Internal and external auditors seeking to expand expertise in management accounting audits
- Finance managers and management accountants involved in strategic reporting
- Chief financial officers and senior finance executives
- Risk management and compliance professionals
- Corporate controllers and cost accountants
- Strategy analysts and business planning professionals
- Consultants involved in financial performance reviews
- Professionals working in budgeting, forecasting, and performance management
- Public and private sector finance specialists
- Professionals preparing for advanced roles in financial audit and strategic management