Strategic Cost Management

Start Date: Jan 25, 2021 End Date: Jan 29, 2021
Last Date for Application: January 11, 2021 Last Date for Early Bird: January 4, 2021
Programme Fee: 120000 INR

Plus, GST

Early Bird Fee: 111600 INR

Plus, GST

Pay Now

The importance of managing costs and aligning them with the business strategy of an entity is critical especially in the midst of challenging economic times faced by businesses today. Recognising that different costing systems and strategies need to be used for different managerial decisions, this programme aims to:

  • Develop 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, and performance evaluation.

  • Provide tools for tracking organisational performance.

  • Relevant  costs  for  different  decision-making situations.

  • Activity-based  costing  and  management  and customer profitability analysis.

  • Profit centres / SBUs and issues related to transfer pricing and profitability.

  • Budgeting.

  • Performance evaluation using strategic variance analysis.

  • Role of costing in managing organisational performance.

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

Faculty Chair

Shailesh Gandhi

Programme Faculty