| Programme Detail |
|
Introduction
Strategic cost management (SCM) focuses at enterprise level Cost Management System (CMS). In this programme we seek to integrate
SCM with strategic perspective. Participants would be able to conceptualise on reengineering their focus and re-designing their system towards linking strategy and cost
management through the framework of SCM. The course also deals with the changes required in the existing accounting system to develop
information relevant to strategic decision-making and creating value through accounting systems.
Objectives
* Helps orienting the fundamental concepts of management accounting and identifying those
need change
* To relate meaningful accounting information to a firm's business strategy
* To link external value creating activities right from the suppliers of basic raw materials to ultimate end users
* To measure accurately the consumption of resources by different products and services
through refined costing systems
* To know the major variables influencing the pricing decision
* Aids how to cost and price a product over a multiple year product life cycle
* Enabling a measure of performance from both financial and non-financial perspective
* Align accountability and performance measures with strategic objectives
Contents
* Activity Based Costing and Management
* Value Chain Analysis
* Total Cost of Ownership
* Life Cycle Costing
* Customer Profitability Analysis
* Target Costing
* Quality Costing
* Transfer Pricing
* Control and Performance Management System
Target Participants Profile:
The financial officers and controllers of a company, management consultants, designers of management accounting systems, and all functional area managers who are responsible for making decisions based on cost analysis.
Programme Charges:
Residential:Rs.48,000/-
Non-residential: Rs.46,500/- |
| About Organisation |
|
100-acre oasis in south Bangalore, the Indian Institute of Management Bangalore (IIMB), with its all-stone architecture, lush verdant woods and landscaped gardens provides an idyllic environment to engage in management studies, academics and learning. IIMB has world-class infrastructure that facilitates excellence in teaching, research, consulting and other professional activities.
Located in India's high technology capital, IIMB is in close proximity to some of the leading corporate houses in the country, ranging from information technology to consumer product companies, giving it the added advantage of integrating classroom knowledge with practical experience.
Established in 1973, the Institute has since then built on its base of highly accomplished faculty, world class infrastructure and motivated student body to emerge as one of the premier institutes for management education and research promoting managerial excellence in the country. IIMB strives to achieve excellence through partnerships with industry, and leading academic institutions, the world over. IIMB's mission is to "build leaders through holistic, transformative and innovative education." |
