Strategic Cost Management

Indian Institute of Management Indore

How long?

  • 3 days
  • in person

What are the topics?

Indian Institute of Management Indore

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Who should attend

Functional/departmental heads involved in strategy formulation and implementation in various functional areas and implementation in various functional areas of operations, production, quality control, marketing, HR, accounting, costing, corporate finance, etc.

Members of top and senior management team.

About the course

Objectives

Measuring and managing costs and aligning them with the business strategy of an entity is critical especially in the midst of challenging times faced by businesses today. Recognizing that different costing and management accounting systems and strategies need to be used to facilitate and augment quality of 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, beyond budgeting and performance evaluation.
  • Provide tools for tracking organizational performance

Content

Relevant costs for different decision-making situations.

Activity-based costing and management and customer profitability analysis.

Cost management (Target Costing, Life Cycle Cost Management)

Costing systems and relationship with Profit centres/SBUs and issues related to transfer pricing and profitability.

Budgeting.

Performance evaluation using strategic variance analysis.

Role of costing in managing organizational performance.

Experts

Keyur Thaker

Dr. Keyur Thaker is MBA and PhD with interest in Finance, Accounting and control area. He has cumulative experience of 19 years spanning across industry, consulting, academic, executive education and research. His academic interest includes Corporate Finance, Performance Measurement and Manageme...

Strategic Cost Management at Indian Institute of Management Indore

From  INR 45 000$624

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

Read more about Strategy

Strategy courses contain a large amount of practice. You will be able to analyze the company's performance and make a strategic development plan. All practices are based on real cases that each of you may encounter. The courses will also introduce yo...

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