Strategic Cost Management – Decision Making

Strategic Cost Management - Decision Making

CMA Final - Paper 15: Strategic Cost Management -Decision Making

ICMAI has introduced this paper, Strategic Cost Management-Decision Making at the CMA Final level where you will develop skills of analysis, evaluation and synthesis in cost and management accounting. You will also gain an understanding of and build the capability of solving issues relating to the design and implementation of cost management models in modern firms. 

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More about Strategic Cost Management-Decision Making

What is “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. 
Why has ICMAI introduced this paper, Strategic Cost Management-Decision Making at the CMA Final level? 
  • 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 
What are 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  
What is 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 
See how CA Tarun Jagadish teaches this paper Strategic Cost Management - Decision Making
Course Content Available
 
Faculty Estimated Lectures Lectures Available in the Portal
CA Tarun Jagdish 51 51
Available Lectures for Strategic Cost Management-Decision Making
 
Paper 15: Strategic Cost Management - Decision Making
Chapters Lectures
Series 1:
Section A: Cost Management
Study Note 1: Cost Management 1
Series 1:
Section B: Strategic Cost Management Tools and Techniques
Study Note 2: Decision Making Techniques 15
Study Note 3 : Standard Costing In Profit Planning 9
Study Note 4 : Activity Based Cost Management - JIT and ERP 5
Study Note 5 : Cost of Quality and Total Quality Management 1
Series 1:
Section C: Strategic Cost Management - Application of Statistical Techniques in Business Decisions
Study Note 6 : Application of Operation Research and Statistical Tools in Strategic Decisions Making 20