This book is a comprehensive and authentic textbook for those seeking a thorough understanding of strategic cost management in the modern business environment. It emphasises the importance of cost consciousness in the competitive business world, highlighting its role in the survival and sustainability of business concerns.
Structured into 38 well-organised chapters, the textbook discusses traditional and modern cost management techniques, ensuring a broad and updated coverage of the subject matter. Special attention is given to Operations Research, simplifying complex topics like Simulation Modeling, Learning Curve Theory, Assignment Problems, Transportation Problems, Linear Programming, and Network Analysis for easier student comprehension.
This book is tailored for students and professionals in higher-level cost management courses. It is particularly beneficial for those preparing for M.Com., MBA, MFM, CA, CMA, and CS courses.
The Present Publication is the 5th Edition, authored by Ravi M. Kishore, with the following noteworthy features:
[Simple & Lucid Language] The content is presented to simplify complex concepts, making it accessible to students and professionals alike
[Illustrations & Diagrams] The concepts within are elucidated through a multitude of illustrations and diagrams, making complex and advanced subjects more accessible
A significant focus is given to Operations Research, presented in an easy-to-understand manner
[Theory Questions] are included at the end of each chapter to aid in self-testing and reinforce learning
[Practical Problems] Each ... See more
This book is a comprehensive and authentic textbook for those seeking a thorough understanding of strategic cost management in the modern business environment. It emphasises the importance of cost consciousness in the competitive business world, highlighting its role in the survival and sustainability of business concerns.
Structured into 38 well-organised chapters, the textbook discusses traditional and modern cost management techniques, ensuring a broad and updated coverage of the subject matter. Special attention is given to Operations Research, simplifying complex topics like Simulation Modeling, Learning Curve Theory, Assignment Problems, Transportation Problems, Linear Programming, and Network Analysis for easier student comprehension.
This book is tailored for students and professionals in higher-level cost management courses. It is particularly beneficial for those preparing for M.Com., MBA, MFM, CA, CMA, and CS courses.
The Present Publication is the 5th Edition, authored by Ravi M. Kishore, with the following noteworthy features:
[Simple & Lucid Language] The content is presented to simplify complex concepts, making it accessible to students and professionals alike
[Illustrations & Diagrams] The concepts within are elucidated through a multitude of illustrations and diagrams, making complex and advanced subjects more accessible
A significant focus is given to Operations Research, presented in an easy-to-understand manner
[Theory Questions] are included at the end of each chapter to aid in self-testing and reinforce learning
[Practical Problems] Each chapter is fortified with numerous solved practical problems for self-study, enhancing the hands-on learning experience
The detailed contents of the book are as follows:
Overview of Strategic Cost Management
Cost Concepts for Decision-Making
Incremental, Relevant and Opportunity Cost Concepts
Activity-Based Cost System
Target Costing
Backflush Accounting and Resource Consumption Accounting
Throughput Accounting
Breakeven and Volume – Cost-Profit Analysis
Application of Marginal Costing Technique
Cost Control Through Standard Costing
Cost Management with Setting Budgets
Product Pricing – Methods and Strategies
Responsibility Accounting and Divisional Profitability
Interdivisional Transfer Pricing
Management of Marketing and Distribution Cost
Productivity Management
Capacity Management
Employee Training, Relocation and Cost of Strike
Pareto Analysis and Theory of Constraints
Just In Time and Lean Manufacturing
Quality Management – Systems and Techniques
Project Life Cycle Costing
Product Life Cycle Costing
Balanced Score Card
Business Process Outsourcing
Benchmarking
Value Chain Analysis
Supply Chain Management
MRP, MRP II and ERP
Management Information Systems
Uniform Costing and Interfirm Comparisons
Cost Audit and Management Audit
Simulation Modelling
Learning Curve Theory
Network Analysis (PERT and CPM)
Assignment Problem
Transportation Problem
Linear Programming
Mathematical Tables
