Strategic Cost Management And Performance Evaluation

Language and approach used is simple, effective and informal. Approach in the book has been adapted considering the typical present examination requirements of the Professional students preparing for the final examinations under new syllabuses (Paper 5 of the Institute of Chartered Accountants and Paper 15 of the Institute of Cost Accountants of India).

This book is prepared exclusively for the requirements of the Final Level of Chartered Accountancy Examination. It covers the questions & detailed answers strictly as per the new syllabus of ICAI. The Present Publication is the 4th Edition for CA-Final | Nov. 2023 Exam. This book is authored by CA (Dr) K.M. Bansal & CA Meena Verma with the following noteworthy features: • Strictly as per the New Syllabus of ICAI • Coverage of this book includes: o Past Exam Questions, including § Solved Paper: May 2022 (Suggested Answers) § Solved Paper: November 2022 (Suggested Answers) § Solved Paper: May 2023 (Suggested Answers) o Questions from RTPs and MTPs of ICAI • [Arrangement of Question] Questions in each chapter are arranged 'topic/sub-topic' wise with additional solved practice questions • [Examples, Questions, Case Scenarios along with Solutions] are included on various topics based on the Skill Assessment as provided by the ICAI • [Case Studies] are covered in relevant chapters of this book • [Marks Distribution] Chapter-wise marks distribution from May 2018 onwards • [Previous Exam Trend Analysis] Previous exam trend analysis from Nov. 2020 onwards • [Comparison with Study Material] Chapter-wise comparison with ICAI Study Material Contents of this book are as follows: • Strategic Cost Management & Decision Making o Introduction to Strategic Cost Management o Modern Business Environment o Lean System and Innovation o Cost Management Techniques o Decision Making o Pricing Decision • Performance Evaluation & Control o Performance Measurement and Evaluation o Divisional Transfer Pricing o Strategic Analysis of Operating Income o Budgetary Control o Standard Costing

An indispensable guide for managers concerned with cost, strategy, and business re-engineering. Experts on the strategic use of cost data, the authors show how stategic cost management is revolutionizing accounting practices in leading companies. Includes numerous examples. 120 line drawings.

Every manager is responsible for cost and performance management in one form or another. This book provides an unbiased survey and explanation of the cost and performance management approaches and methods currently available for application in business. Topics covered include cost management and performance management/measurement options including ABC/M, Total Quality Management, Supply Chain Management, and Balanced Scorecard. Contrasts with managerial accounting textbooks, which tend to be conceptual and theoretical and not easily adaptable to practical situations. Assists readers in choosing the best approach or blend of methods to address specific business problems. Supports learning through real-world applications. Provides a complete presentation of field-tested cost management and performance management/measurement options.

An accessible, practical survey of cost management methods Essentials of Cost Management provides an unbiased survey and explanation of the cost management approaches and methods currently available for immediate application in day-to-day activities. Rather than advocate a particular method, this book assists readers in choosing the best approach or blend of cost management strategies to address specific business problems. The expert authors also discuss cutting-edge topics such as target costing, capacity management, and activity-based costing/management.

Offering a multidisciplinary roadmap for the design, development, and implementation of a strategic cost system, this book shows how to design a cost system to become a more effective decision-making tool and a source of competitive advantage for the organisation. It describes how to structure a cost systems design project and discuss the issues that should be addressed upfront from a management, operations, and costing perspective. Includes a URL site containing key terms and helpful Excel templates. Highlights the logistics of putting together and managing the project team. Addresses the technical and political issues that may arise as the project unfolds.

Covers the strategic management topics in cost accounting. This title helps students to understand about the management and the role of cost accounting in helping an organization succeed. It addresses issues such as: How does a firm compete? and What type of cost management information is needed for a firm to succeed?