SECTION A: STRATEGIC COST MANAGEMENT – TOOLS AND TECHNIQUES [60%]
1. Introduction to Strategic Cost Management - 5%
Concepts of Strategic Cost Management in Different Stages of Value Chain
Cost Control and Cost Reduction – Contemporary Techniques
Value Chain Analysis and Value Engineering - Business Process Re-engineering
Supply Chain Management
2. Quality Cost Management - 5%
Managing Quality in Competitive Environment
Cost of Quality
Total Quality Management
Lean Accounting
Six Sigma
3. Decision Making Techniques (Case Study-based Approach) - 25%
Decisions involving Alternative Choices
Pricing Decisions and Strategies
Transfer Pricing
Relevant Cost Analysis
Target Costing
Product Life Cycle Costing
Asset Life Cycle Costing
Decision Making using Probability
4. Activity Based Management and Just in Time (JIT) - 10%
Activity Based Cost Management - Concept, Purpose, Benefits, Stages, Relevance in Decision-making and its Application in Budgeting, Responsibility Accounting, Traditional vs. ABC System – Comparative Analysis
JIT – Introduction, Benefits, Use of JIT in measuring the Performance
Throughput Accounting
Back flush Accounting
Benchmarking
5. Evaluating Performance - 15%
Variance Analyses
Investigation of Variances
Planning and Operating Variances
Controllable and Non-controllable Variances
Relevant Cost Approach to Variance Analysis
Variance Analysis under Marginal Costing and Absorption Costing
Activity Ratios
Application of Budgetary Control and Standard Costing in Profit Planning
Standard Costing Vs Budgetary Control
Reconciliation of Actual Profit with Standard Profit and /or Budgeted Profit
Uniform Costing and Inter-firm comparison
SECTION B: QUANTITATIVE TECHNIQUES IN DECISION MAKING [40%]
6. Linear Programming - 15%
7. Transportation - 15%
8. Assignment - 15%
9. Game Theory - 15%
10. Simulation - 15%
11. Network analysis – PERT, CPM - 15%
12. Learning Curve - 15%
13. Business Application of Maxima and Minima - 10%
14. Business Forecasting Models – Time Series and Regression Analysis - 10%
15. Introduction to Tools for Data Analytics - 10%
