Paper 15 :

Strategic Cost Management – Decision Making

Strategic Cost Management – Decision Making

Section A: Cost Management

01   Cost Management

 

2 Lectures                Know More

Section B: Strategic Cost Management Tools and Techniques

02    Decision Making Techniques

 

 15 Lectures                Know More

03    Standard Costing In Profit Planning

 

9 Lectures                Know More

04  Activity Based Cost Management – JIT and ERP

 

  5  Lectures                Know More

05   Cost of Quality and Total Quality Management

 

Lecture                 Know More

Section C: Strategic Cost Management – Application of Statistical Techniques in Business Decisions

06   Application of Operation Research and Statistical Tools in Strategic Decisions Making

 

 20 Lectures                Know More

05   Cost of Quality and Total Quality Management

 

Lectures                Know More

02    Decision Making Techniques

 

 25 Lectures                Know More

03    Standard Costing In Profit Planning

 

6 Lectures                Know More

04  Activity Based Cost Management – JIT and ERP

 

 Lectures                Know More

05   Cost of Quality and Total Quality Management

 

Lectures                Know More

About Strategic Cost Management – Decision Making

 

Strategic Cost Management involves tools and techniques for the purpose of Cost Planning and Management. It supports in decision making in areas of materials, pricing, cost analysis and profitability analysis. To develop skills of analysis, evaluation and synthesis in cost and management accounting. To gain understanding and to be capable in solving issues relating to the design and implementation of cost management models in modern firms. 

The topics covered in Strategic Cost Management-decision making at CMA Final Level

  • This paper covers the conceptual and numerical problems in complex modern industrial organisations within which the various facets of decision-making and controlling operations take place 
  • The subject includes discussion of costing systems and activity-based costing, activity management, and implementation issues in modern costing systems 
  • You will be introduced to the latest developments in Cost Management like Throughput Costing and Lean Accounting and techniques of Cost reduction  

The best approach to studying Strategic Cost Management-Decision Making 

  • Concentrate on understanding the theoretical concepts  
  • Practice a lot of problems in the domain 
  • Refer to previous years’ examination papers to get an idea of the questions 
  • Understand the formulae and concepts involved rather than mugging them up 
  • While studying from online video lectures take an active role rather than a passive one. Take short notes while watching videos to retain concepts in your memory

Faculty

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

Resources

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