Strategic Cost Management

Course Objectives:

The importance of managing costs and aligning them with the business strategy of an entity is critical especially in the midst of challenging economic times faced by businesses today. Recognising that different costing systems and strategies need to be used for different managerial decisions, this programme aims to:

• Develop an understanding of various costing systems in different strategic decision situations.

• Provide the details of contemporary issues in costing systems such as activity-based costing and pricing, target costing, etc.

• Provide a comprehensive view on management control covering control structure issues like profit centres/SBUs and control process issues like budgeting, budgeting games, and performance evaluation.

• Provide tools for tracking organisational performance.

Programme Highlights:

• Relevant  costs for different decision-making situations.

• Activity-based costing and management and customer profitability analysis.

• Profit centres / SBUs and issues related to transfer pricing and profitability.

• Budgeting.

• Performance evaluation using strategic variance analysis.

• Role of costing in managing organisational performance.