Programme

PGPX

Term

II

Academic Year

2021-22

Course title

Strategic Cost Management

Area

Finance and Accounting

Credits

0.75

Instructor(s)

Prof. Shailesh Gandhi

Course Description & Objectives

Objectives: The course emphasizes two central themes viz. (a) costs are the results of management decisions, and (b) elements of cost considered for different decision-making situations are unique to those situations. The course is designed on these themes and it enables the participants to understand: • Measurement of costs for cost objects like products, services, customers, etc. • The role of relevant costs to develop strategies for competitive advantage, and anticipate and assess financial impact of alternative managerial decisions. • Budgeting and variance analysis, and transfer pricing issues with reference to management planning and control systems

Pedagogy

• With emphasis on individual and collaborative learning, the course will be predominantly taught through the cases/exercises. • For every topic, the background reading material is suggested and a case/set of problems will be used for class discussion. • The participants are advised to study “Problem for self-study” and “Solved examples” given at the end of relevant chapters in Horngren.