Strategic cost management course in itmu

Strategic cost management : 

Strategic cost management 4th semester 2011 ITMU

SCM 1 7.1.11 : 

SCM 1 7.1.11 What is scm? 15 to 20 minutes – open classroom discussion What is cost 30 minutes discussion Simple exercises/quiz on costs 20 to 30 minutes

SCM 2 10.1.11 : 

SCM 2 10.1.11 Diff b/w financial and management accounting? Different types of costs Direct/indirect Period/product Fixed/variable Relevant/irrelevant Avoidable/unavoidable Sunk costs Opportunity costs Incremental/marginal costs Job costing/process costing systems

Topics choices for Project : 

Topics choices for Project Issues in Activity Based costing SCM in Pricing decisions and profitability analysis Decision making under conditions of risk and uncertainty Capital investment decisions and SCM Analysis of EVA as measure of performance Vineeta kumari Balanced Score Card use to improve performance nisha Use of Linear programming in management accounting SCM and business process reengineering

COST AND THE TIME FACTOR need for cost assignment : 

COST AND THE TIME FACTOR need for cost assignment

Cost assignments – basic definitions : 

Cost assignments – basic definitions

Cost assignments -process : 

Cost assignments -process

Cost allocation : 

Cost allocation

COSTS AND INCOME STATEMENTS : 

COSTS AND INCOME STATEMENTS

COSTING IN A SERVICE COMPANY : 

COSTING IN A SERVICE COMPANY A SONY Repair activity. In Gurgaon, they have 1 franchisee who repairs and maintains SONY products exclusively. In a particular month, the purchase of materials was Rs 9750, the opening inventory of materials was Rs 850 and the closing inventory of materials was Rs 950. Payments for direct labour during the month was Rs 18750. Overhead incurred was Rs 15000. The franchisee spent Rs 5000 on advertising. Administrative costs amounted to Rs 3000. Revenues for August was Rs 60 400. Find out: 1. Cost of materials used for repairs during the month? 2.Prime cost for the month? 3.Conversion cost for the month? 4.Total cost of services for the month? 5.The income statement for the month?

Product costs : 

Product costs

2 DIFFERENT WAYS OF COSTING : 

2 DIFFERENT WAYS OF COSTING

COST BEHAVIOR : 

COST BEHAVIOR

RESOURCES AND COSTS : 

RESOURCES AND COSTS