Cost management
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ReferencesCost Management:AStrategic Emphasis - Blocher,Chen & Lin (BCL), International Edition.Cost Management Strategies for Business Decisions - Hilton,Maher & Selto (HMS), 2nd edition.Auditing Principles and Practice - Ravindra Kumar & Virendra Sharma (RV),2009.Case Studies1.Baldwin Bicycle Company.2.Lille Tissages, S.A.3.John Deere Component Works (A).4.Siemens Electric Motor Works (A).5.Giant Motors Ltd.6.Nissan Motor Company Ltd.7.Olympus Optical Company Ltd.8.Sony Corporation: The Walkman Line.9.Northam Packaging Company.10.Birch Paper Company.11.Domestic Auto Parts.12.Infosys Relationship Scorecard Measuring Transformational.Topics
LectNo.
Topics Pedagogy
1 Cost Benefit Analysis with reference to Strategic Business Decision Making of different business restructuring propositions to gain strategic advantage.
Conceptteaching with practical examples BCL:Chapter 10
2 Cost Benefit Analysis: with reference to Strategic Business Decision Making -core competencies
Conceptteaching with practical examples and Case Study BCL:Chapter 10
3 Cost Benefit Analysis: with reference to Strategic Business Decision Making -qualitative & quantitative aspects
Conceptteaching with practical examples and Case Study BCL:Chapter 10
4 Different aspects of Strategic Cost Management, vis i] Value Analysis & Value Engineering, ii] Wastage Control, iii] Disposal Management, iv] Business Process Re-engineering, v] Total Quality Management, vi] Total Productive Maintenance, vii] Energy Audit, viii] Control of Total Distribution Cost & Supply Cost ix] Cost Reduction, x] Product Life Cycle Costing etc
Conceptteaching with practical examples BCL:Chapter 10
5 Activity Based Costing-Concept of cost & activity driver.
Practical Illustrations and Case Study: BCL Chapter 3 & 4
HMS – Chapter 4 & 5
6 Activity BasedCosting-Concept of Activity BasedManagement
Practical Illustrations and Case Study.BCL Chapter 3 & 4HMS – Chapter 4 & 5
7 Target Costing and the use of Product Life Cycle Costing, Business Process Engineering, Value Analysis and Value Engineering in Target Costing
Illustrations and Case Study BCL Chapter 5
8 Target Costing and the use of Product Life Cycle Costing, Business Process Engineering, Value Analysis and Value Engineering in Target Costing
Illustrations and Case Study BCL Chapter 5
9 Value Chain Analysis- Implications of value chain in decision making and long-term cost management.
Practical Illustrations and Case StudyBCL Chapter 2HMS – Chapter 1
10 Objective Based Costing, Cost Reduction and Strategic Based Responsibility Accounting System and Transfer Pricing
Practical Illustrations and Case Study BCL Chapter 18 &19HMS - Chapter 18 & 19
11 Implementing Strategy Balanced Score Card
Cost Audit & Management Audit under companies Act, with reference to strategic assessment of cost & managerial performances.
Practical Illustrations and Case Study. HMS Chapter-XXArticle: The Balanced Scorecard -Translating Strategy into Action by Robert S Kaplan and David P Norton
12 Cost Audit & Management Audit under companies Act, with reference to strategic assessment of cost & managerial performances.
Practical examplesRVChapter 15 & 16