Study guide: third edition
Global Strategy and Leadership is the capstone subject for the CPA Program. This subject consolidates and builds on knowledge candidates have gained in the other three compulsory subjects: Ethics and Governance, Financial Reporting and Strategic Management Accounting. In an increasingly complex business environment characterised by change, uncertainty and escalating competition, the disciplines of strategy and leadership have become critical to successful organisational performance.
The aim of this subject is to link the knowledge expected of the future finance professional to the concepts of strategy and leadership. The future finance professional is expected to use a range of technical information to make decisions for the future of the business within an ethical framework of operation. This subject demonstrates that accounting information, ethics, strategy and leadership are applicable to finance professionals, in a global context and in diverse organisational settings. The subject materials address the needs of candidates operating in different international markets in varying roles, including content on current and emerging technologies and emerging business models.
This subject builds upon knowledge gained in the other three compulsory subjects of the CPA Program. The concepts of professional ethics and good governance underpin the subject. Candidates who have previously undertaken the Advanced Audit and Assurance or Strategic Management Accounting subjects will be familiar with the use and application of Porter's five forces model. Those candidates who have studied Strategic Management Accounting will note several other concepts that are expanded upon in this subject, including strategic analysis, performance measurement and the value chain. The international focus of this subject acknowledges the importance of the reporting requirements under the International Financial Reporting Standards (IFRSs).
The Global Strategy and Leadership exam comprises a combination of multiple choice and extended response questions.
On completion of this subject, you should be able to:
- understand the role of the accountant in the development and implementation of strategy
- use analytical tools and models to analyse the industry and the market in which an organisation operates
- use analytical tools and models to understand and measure the performance of the organisation
- use business information for decision-making from an organisational perspective
- identify and explain the key challenges faced in the implementation of strategy and the role of the accountant in the implementation and leadership functions
- consolidate the understanding of strategy and leadership concepts by real-world examples integrated throughout the material, and apply these concepts to business case scenarios through the use of a case studies
- apply skills in thinking strategically and formulating broad strategies for consideration and application in their organisational environment.
The subject is divided into seven modules.
The weighting column in the following table provides an indication of the emphasis placed on each module in the exam. The proportion of study time is a guide for you to allocate your study time for each module and analysis of the pre-seen exam case studies.
|Module||Recommended proportion of study time (%)||Weighting (%)|
|1. An introduction to strategy and leadership||10||10|
|2. Understanding the external environment||15||15|
|3. Understanding the internal environment||15||15|
|4. Product and market development||15||15|
|5. Developing the strategic plan||15||15|
|6. Strategy implementation||15||15|
|7. Leading the strategy||15||15|
For more information, see the subject outline below.
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This overview is not a replacement of the standard and therefore should be used in conjunction with, and not instead of, the standard.