Reviewing value chain costing from Strategic Management Accounting perspective

To review Value Chain costing, you definitely need to study Shank and Givindarajan (1993). At least, you should try to go through chapter 1 to 5 of Shank and Govindarajan's book.  The following diagram is my attempt to capture some of the main ideas in their Management Accounting approach:

As the Value Chain costing approach is based on Porter's Value Chain model, you need to study Porter (1985). Porter's works always take much time and efforts to digest. In this case, you should at least try to study Porter (1985; chapter 2). If you have more time to learn the Value Chain model, try to read Ensign (2001). There are other academic articles on this topic of Value Chain costing; some of them you can find via Internet search, such as Roztocki and Weistroffer (2004).

It is useful to consult others that are knowledgeable in these two books in strategic management; for beginners, trying to learn these writings by self-study is too challenging. The relationship between this management accounting approach and strategic management is apparent as the Value Chain costing model is firmly grounded on Porter's writings on strategic management. This is not to say that Porter's models have not been challenged and debated in the Strategic Management field.

References

1. Ensign, P.C. (2001) "Value Chain Analysis and Competitive Advantage", Journal of General Management Vol. 27(1) Autumn, pp. 18-42.
2. Porter, M.E. (1985) Competitive Advantage, The Free Press.
3. Roztocki, N. and Weistroffer, B.R.. (2004) "Using Activity-Based Costing for Evaluating Information Technology Related Investments in Emerging Economies: A Framework", Proceedings of the Tenth Americas Conference on Information System, New York, August, pp. 642- 645.
4. Shank, J.K. and Govindarajan, V. (1993) Strategic Cost Management, The Free Press.