Bus 3C18 Strategic Cost Management Syllabus
Bus 3C18 Strategic Cost Management Syllabus
Bus 3C18 Strategic Cost Management Syllabus
Objectives:
To develop knowledge and understanding of management accounting techniques
to support management in planning, controlling and monitoring performance in
a variety of business context
Module I
Cost Concept-Classification of Cost-Elementwise classification-Functional wise
Classification -Classification for exercising control over costs-Classification based
on cost behaviour -Techniques for separation of costs
Module II
Marginal Costing-Definition and Meaning- Features of marginal costing-Formulae
used in Marginal costing-Marginal Costing and Absorption Costing-Application of
Marginal Costing in Decision Making. Break Even and CVP Analysis.
Module III
Costing in Service Sector-Service Cost Units-Service Cost Analysis-Operating
Cost Statement-Transport-Hotel and Hospitals. Process Costing- Joint Product and
Bye Product-Equivalent Production.
Module IV
Activity based costing- Need and Importance-Relevance-Cost Drivers-Steps in
Activity based costing
Module V
Cost control and Cost reduction-Need and Importance-Cost control process – Cost
reduction process-Methods and techniques of cost control and reduction- Value
analysis and engineering-Impact of Value analysis of on profit volume and value.
Target costing- Kaizen costing-ERP-JIT.
Books:
1. Cost Management- Ravi M Kishore, Taxman Publication
2. Cornerstones of Cost Management- Hansen Mowen- Cengage Learning