Paper 5 :

Strategic Cost Management and Performance Evaluation

Strategic Cost Management and Performance Evaluation

01   Introduction to Strategic Cost Management

 

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03  Lean System and Innovation

 

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05   Cost Management for Specific Sector

 

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07   Pricing Decision

 

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9   Divisional Transfer Pricing

 

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11  Budgetary Control

 

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13  Case Study

 

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02   Modern Business Environment

 

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04  Cost Management Techniques

 

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06   Decision Making

 

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08   Performance Measurement and Evaluation

 

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10    Strategic Analysis of Operating Income

 

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12    Standard Costing

 

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01   Introduction and Marginal Costing Basics

 

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03   Modern Business Environment – Activity Based Costing

 

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05  Budgetary Control

 

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07   Decision Making – Relevant Costing

 

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9   Decision Making – Marginal Costing

 

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11   Modern Business Environment – JIT, MRP Etc.,

 

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13   Performance Measurement and Evaluation

 

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14   Learning Curve

 

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16   LPP

 

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02   Pricing

 

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04   Cost Management Techniques

 

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06  Transfer Pricing

 

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08    Standard Costing

 

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10    Cost Management for Specific Sector – Service Costing

 

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12    Lean System and Innovation

 

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14   Strategic Analysis of Operating Income

 

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15  Learning Curve

 

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About Strategic Cost Management and Performance Evaluation

 

Strategic Financial Management is popularly referred to as SFM. It helps you to understand various concepts related to decisions in financial management like financing decisions, investment decisions and dividend decisions. This subject is revised keeping in mind the advent of globalisation and huge number of cross border transactions. Developments in the Indian financial system is given equal significance along with the International evolution of finance. 

Basic concepts of cost & management accounting have already been covered in CA Inter. Therefore, at this level management objectives are studied with cost concepts for better cost control and cost reduction.This paper makes it easy for CAs to internally monitor the organisation’s performance with developed analytical & evaluation skills.

The topics covered in Strategic Cost Management & Performance Evaluation at CA final Level

In the old syllabus, it was referred as AMA or advanced management accounting which included many QT topics (Quantitative aptitude). In the new syllabus, except learning curve and LPP, no other QT topics are covered. The intention of ICAI is to cover more topics related to decision making. Though topics in AMA are continued like standard costing, marginal costing etc., emphasis in the new syllabus in this paper is more towards case studies related concepts.

The entire syllabus of Strategic Cost Management & Performance Evaluation is divided into following parts: 

  • Strategic Cost Management 
  • Strategic Decision Making 
  • Performance evaluation and reporting 
  • Managerial Control 
  • Case studies (New)

The best approach to study the SFM paper

  • Solve (Write and Practice) as many problems as you can and at the same time do not ignore THEORY  
  • Make your own notes for theory even before you start your study leave to overcome time constraints  
  • Be very clear in concepts so that it enables you to courageously face any kind of questions  
  • Write all Formulae in a pocket note book which helps you to have quick recap of entire syllabus at one place 
  • SFM pdf notes are available on our website which you may refer for last minute revision. 

Faculty

CA Tarun Jagdish
CA Tarun Jagdish
CA Hariharan K
CA Hariharan K

Resources

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