Paper 15

Paper 15

Paper 15 : Strategic Cost Management – Decision Making (SCMD)

OBJECTIVES

On completion of this subject students should have developed skills of analysis, evaluation and synthesis in cost and management accounting and, in the process, created an awareness of current developments and issue in the area. The subject covers the complex modern industrial organizations 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.

Learning Aims

The syllabus aims to test the student’s ability to:

  • Identify the conventions and doctrines of managerial and cost accounting and other generally
  • Accepted principles which may be applied in the contemporary cost management models
  • Identify major contemporary issues that have emerged in strategic cost management
  • Discuss a number of issues relating to the design and implementation of cost management models
  • In modern firms
  • Application of Operation Research in Strategic Decision Making

Section A : Advanced Direct Tax Laws [50 Marks] 50%

  • Cost Management

Section B : Strategic Cost Management Tools and Techniques 50%

  • Decisions Making Techniques
  • Standard Costing in Profit Planning
  • Activity Based Cost Management – JIT and ERP
  • Cost of Quality and Total Quality Management

Section C : Strategic Cost Management:Application of Statistical Techniques in Business Decisions 30%

  • Application of Operation Research and Statistical Tools in Strategic Decision Making