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CMA Final – Strategic Cost Management (SCM)

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Course Overview

Strategic Cost Management (SCM) – Decision Making

The main objective of introducing Strategic Cost Management (SCM) is to developed skills of analysis, evaluation and synthesis in cost and management accounting and, in the process, created an awareness of current developments and issue in the area.

The subject covers the complex modern industrial organizations within which the various facets of decision-making and controlling operations take place.

It includes discussion of costing systems and activity based costing, activity management, and implementation issues in modern costing systems.

The syllabus test you on

  • Identify the conventions and doctrines of managerial and cost accounting and other generally accepted principles which may be applied in the contemporary cost management models
  • Identify major contemporary issues that have emerged in strategic cost management
  • Discuss a number of issues relating to the design and implementation of cost management models in modern firms
  • Application of Operation Research in Strategic Decision Making

Syllabus

ICMAI structured the syllabus as Section -A, B, C.

SECTION – A: Cost Management (20%)
  • Cost Management
SECTION – C: Strategic Cost Management – Application of Statistical Techniques in Business Decisions (30%)
  • Application of Operation Research and Statistical Tools in Strategic Decision Making
Section – B: Strategic Cost Management Tools and Techniques (50%)
  • Decisions Making Techniques
  • Standard Costing in Profit Planning
  • Activity Based Cost Management – JIT and ERP
  • Cost of Quality and Total Quality Management

About Faculty

CA Rajeev Bhargav

CA Rajeev Bhargav is fellow member of the Institute of Chartered Accountants of India. He completed his graduation from the Bhim Rao Ambedkar College affiliated with Delhi University.

His area of specialization is Cost Accounting and Financial Management. He possesses a vast experience of teaching Cost Accounting and Financial Management to students of CA Final, CMA Final, CA IPCC, CMA Inter and CS Executive.

He believes in concepts building because concept I the key to solve any types of question. His distinguished teaching style and way of motivating the students have made him famous and favourite amongst the students and his extensive knowledge has helped the students in achieving their goals.

What makes PSC a better choice?

  • Course curriculum taught and designed by industry professionals

  • One week free trial

  • Teaching process is up to date on the current industry

  • Regular test series

  • 100% coverage of ICMAI Material along with RTPs, MTPs, Workbook.

  • Manage work, family and study in a flexible schedule

  • we provide video backup classes for the students who registered with us for Face to Face along with Hard copy of study material.

  • Conceptual clarity of topics with real life examples.

  • Free personality development for your professional growth

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