Strategic Management Accounting Course with application of advanced Excel

Module 1: Introduction to Strategic Management Accounting

Role of management accounting in strategy formulation

Key differences between traditional and strategic management accounting

Overview of Excel as a strategic analysis tool

Applicable Excel Functions/Tools: SUM, AVERAGE, IF, VLOOKUP, HLOOKUP, INDEX, MATCH

Module 2: Cost Analysis and Cost Management

Cost classification for decision-making

Activity-Based Costing (ABC)

Cost-volume-profit (CVP) analysis and break-even planning

Applicable Excel Functions/Tools: ABS, ROUND, PMT, NPER, NPV, Data Tables, Goal Seek

Module 3: Budgeting and Forecasting

Strategic budgeting approaches (flexible, zero-based, rolling)

Forecasting methods for strategic planning

Variance analysis for performance evaluation

Applicable Excel Functions/Tools: FORECAST.LINEAR, TREND, STDEV, VAR, OFFSET, Scenario Manager

Module 4: Performance Measurement and Control

Balanced Scorecard (BSC) and KPI dashboards

Variance analysis and responsibility accounting

Linking performance to strategy

Applicable Excel Functions/Tools: Conditional Formatting, PivotTables, PivotCharts, IFERROR, AVERAGEIF, SUMIFS, Sparklines

Module 5: Strategic Decision-Making Tools

Make-or-buy, pricing, and product mix decisions

Relevant cost analysis and opportunity cost evaluation

Long-term investment appraisal

Applicable Excel Functions/Tools: NPV, IRR, XNPV, XIRR, WHAT-IF Analysis, Sensitivity Analysis with Data Tables

Module 6: Capital Investment and Financial Modeling

Building financial models for strategic projects

Evaluating mergers, acquisitions, and restructuring decisions

Scenario planning and simulation

Applicable Excel Functions/Tools: NPV, IRR, INDEX-MATCH, OFFSET, CHOOSE, Monte Carlo Simulation with Data Tables, Solver Add-in

Module 7: Risk Management in Strategic Accounting

Identifying and assessing financial risks

Sensitivity and scenario analysis

Integrating risk into strategic decision models

Applicable Excel Functions/Tools: RAND, RANDBETWEEN, Scenario Manager, Solver, Conditional Formatting for risk heat maps

Module 8: Strategic Reporting and Dashboarding

Designing interactive dashboards for decision support

Data visualization for strategic insights

Automating reports for management

Applicable Excel Functions/Tools: PivotTables, PivotCharts, Slicers, Power Query, Power Pivot, Dashboard creation with INDEX, MATCH, INDIRECT