Strategic Cost Management and Performance Evaluation

Introduction to Strategic Cost Management
(i) Concept of Strategic Cost Management
(ii) Limitations of Traditional Cost Management
(iii) Traditional vs. Strategic Cost Management
Modern Business Environment
(i) Introduction/ Characteristics
(ii) Cost of Quality, TQM, Business Excellence Model
(iii) Throughput Accounting and Theory of Constraints
(iv) Supply Chain Management (SCM)
(v) Gain Sharing Arrangements
(vi) Outsourcing

Lean System and Innovation
a) Just-in-Time (JIT)
b) Kaizen Costing
c) 5 Ss
d) Total Productive Maintenance (TPM)
e) Cellular Manufacturing/ One-Piece Flow Production Systems
f) Six Sigma (SS)
Introduction to Process Innovation and BPR
Cost Management Techniques
(i) Cost Control/ Waste Control, Cost Reduction
(ii) Target Costing
(iii) Value Analysis/ Value Engineering
(iv) Pareto Analysis
(v) Life Cycle Costing
(vi) Environmental Management Accounting
Cost Management for Specific Sectors
(i) Agriculture
(ii) Information Technology
(iii) Power Sector

Decision Making
(i) Decision Making using CVP Analysis, Relevant Cost Concepts, Activity Based Costing
(ii) Ethical and Non-Financial Considerations Relevant to Decision Making
Pricing Strategies/ Decisions
(i)Theory & Principles of Product Pricing
(ii) Pricing – New Product, Finished Products & Pricing of Services
(iii) Sensitivity Analysis in Pricing Decisions
(iv) Pricing Decision under Special Circumstances
(v) Pricing Strategies

Performance Measurement and Evaluation
(i) Responsibility Accounting
(ii) Linking Critical Success Factors (CSFs) to Key Performance Indicators (KPIs) and
Corporate Strategy; Performance Measurement Models‒The Balanced Scorecard,
The Performance Pyramid, The Performance Prism and The Building Block Model;
Divisional Performance Measures; Benchmarking Schemes
(iii) Performance Measurement in the Not-for-Profit Sector
(iv) Preparation of Performance Reports
Divisional Transfer Pricing
(i) Meaning, Purpose and Principles of Transfer Pricing
(ii) Methods of Transfer Pricing
(iii) The Behavioral Consequences arising from Divisional Structures
(iv) International Transfer Pricing
Strategic Analysis of Operating Income
(i) Operating Profit Analysis
(ii) Advanced Activity Based Costing, Activity Based Management (ABM), Activity Based Budgeting (ABB)

Budgetary Control
(i)The Concept of Feedback and Feed Forward Control
(ii)Behavioral Aspects of Budgeting
(iii)Behavioral Aspects of Budgetary Control
(iv)Beyond Budgeting
Standard Costing
(i)Analysis of Advanced Variances
(ii)Integration of Standard Costing with Marginal Cost Accounting
(iii)Reconciliation of Profit
(iv)Variance Investigation Techniques, Interpretation of Variances, Possible Interdependence Between Variances and Reporting
(v)Behavioral Aspects of Standard Costing, Limitation of Standard Costing.
Case Study (covering Course Concepts)