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Unit-I
Introduction to Management Control
Strategic Management accounting – Meaning – Scope – Strategic importance – Nature and characteristics of Management Control system. Cost behaviour and decision making – Fixed and variable costs – C.V.P analysis –Marginal Costing-Concept of break even analysis – Uses for decision making – Optimization of product mix – Make or buy – Capacity Utilization – Plant shutdown – Key factor analysis.
Unit-II
Strategic Planning and Control & Accounting for Control
Strategic Planning, Management Control and Operational Control – Meaning and Concept and purpose. Standard costing – Concept and purpose of standards – Types of standards – Standard setting – Variance analysis – Interpretation-Budgetary control – Meaning & purpose – Component of effective budgeting program– Performance budgeting – Zero based budgeting – Concept – Importance and relevance.
Unit-III
Responsibility Accounting
Responsibility Centers – Need for divisionalization – Types of responsibility centers – Performance reports –Responsibility accounting – Behavioural aspects – Segmented Performance evaluation – Transfer Pricing.
Unit-IV
Activity based Costing and Customer account profitability analysis
Activity based costing systems – Meaning – Tracing costs from activities to products and services – Activity based Management – Activity Cost drivers – Activity based Costing vs traditional costing. Customer account profitability analysis – Meaning and need for CAP analysis – Managing Customer Profitability Managing Relationships – Customer Costs in Service Companies.
Unit-V
Strategic decisions for Product life cycle, Activity Based Costing and Competitor analysis
Product life cycle costing – PLC assessment – Cost assessment – Pricing and evaluation criteria for products at different stages of PLC. Competitor accounting – Concept and Importance – Sources of Competitor information– Competitive pricing and bidding. Target Costing and Cost analysis for Pricing decisions.
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CategoriesManagement
Format PDF
TypeeBook