Define what you understand by the term strategic management


The key drivers of costs and revenues have been assumed to be research contract values supported, student numbers and total staff numbers.
The head administrator of KU wants you, as management accountant, to prepare a Manazement Report (in approximately 1,750 words) to complete the benchmarking and make some preliminary comment on your results.

Your report should:

• Have a table of contents, introduction, main body, & conclusion. (No executive summary is needed). (1 mark)

• Please include a bibliography if you use any references. (I mark)

• Your report should cover the following:

i. Evaluate, as far as possible, Kanymoon University's benchmarked position.

ii. Define what you understand by the term, `Strategic management accounting'; critically evaluate any academic literature and refer to recent developments on the subject.

iii. Recommend one technique (other than benchmarking) that might be considered to be a 'strategic management accounting' (SMA) technique and discuss how this technique could benefit KU.

• Assessment of your assignment will take into account:

Relevance of your report to the case.

- Clarity of expression.

Logical planning and sequence.

- Comprehensive coverage.

• Also, marks will be allocated for presenting your report professionally including:

The use of logical headings and sub headings that are numbered and also referenced through a table of contents.

The overall presentation, including appropriateness of format, style and structure of the report, correct grammar, spelling and punctuation.

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Accounting Basics: Define what you understand by the term strategic management
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