SMA · Compulsory
Strategic Management Accounting
Strategic Management Accounting links planning, control, and performance measurement to strategy. It covers budgeting, variance analysis, costing techniques, and how management accounting information drives decisions.
Who it's for
All CPA Program candidates — SMA is compulsory and spans from cost management to strategy execution.
Exam format
MCQ plus extended response (worksheet). Expect calculations alongside written analysis.
Module map
- M1: Management Accounting and Strategic Management
- M2: Cost Management
- M3: Short-term Decision-making
- M4: Long-term Decision-making
- M5: Budgeting and Performance Measurement
- M6: Accounting for Sustainability
Study tips
- Separate relevant from irrelevant costs before every decision problem.
- For variance analysis, label each variance as favourable or unfavourable before interpreting.
- Link performance metrics to the strategic objective — exams expect cause-and-effect reasoning.
- Practise sustainability and ESG questions alongside the technical modules.
SMA Key Terms Index
Stop searching through hundreds of study-guide pages. The Strategic Management Accounting index maps key terms to clear definitions and page references — so you can look up what you need in seconds.