This book, “Strategic Cost Management”, addresses the lack of literature in academic programs by offering a comprehensive guidance. After introducing the foundational aspects Cost Accounting, the book discusses comprehensively 15 key tools and techniques of Strategic Cost Management such as Activity-Based Costing, Target Costing, Balanced Scorecard, etc. Emphasizing practical application, each concept is analysed with relevant examples. The book aims to bridge theory with real-world relevance, making it a valuable resource for students, faculty members and practitioners seeking a deeper understanding of Strategic Cost Management.
CONTENTS: –
1: Introduction – Cost Ascertainment to Strategic Cost Management 2: Activity-Based Costing 3: Life Cycle Costing 4: Target Costing 5: Learning Curve Theory 6: Pricing – Strategies, Policies and Methods 7: Transfer Pricing 8: JIT Policy 9: TQM and Quality Costs 10: Balanced Score Card 11: Theory of Constraints 12: Throughput Accounting 13: Miscellaneous Tools and Techniques of SCM