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
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