Overview

The Institute of Cost Accountants of India introduced Paper-15 Strategic Cost Management – Decision making in CMA Final Syllabus to gain abilities in cost and management accounting analysis, appraisal, and synthesis, as well as an understanding of current trends and issues in the field. This is possible since our educators have a strong mastery of these topics and have done so for many years. The subject discusses costing systems and activity-based costing, activity management, and implementation challenges in current costing systems, as well as the complex modern industrial organizations within which the many components of decision-making and regulating operations take place.

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Outline of Syllabus

• Section A: Cost Management

   Developments in Cost Management:
  Life Cycle costing
  Target costing
  Kaizen Costing
  Value Analysis and Value Engineering
  Throughput Costing
  Business Process Re-engineering
  Back-flush Accounting
  Lean Accounting
  Socio Economic Costing
   Cost Control and Cost Reduction

• Section B: Strategic Cost Management Tools and Techniques

   Decision Making Techniques
   Variance Analysis
   Uniform Costing and Inter-firm comparison
   JIT
   ERP
   TQM
   PARETO Analysis

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

   Strategic Decision Making Using Operation Research and Statistical Tools
  Learning Curve
  Assignment
  Simulation

About this Bundle

Hey Learner,
Welcome to PAPER 15: STRATEGIC COST MANAGEMENT – DECISION MAKING course.
Our bundle offers,
• E-learning lectures that provide comprehensive conceptual explanations of the study material
• Lecture Notes
• Practical tests to assess students’ time management skills, identify knowledge gaps, and prepare them for exams with increased confidence.
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Contents of the Bundle in detail