Bangalore university M.COM 3rd sem Study material Strategic Cost Management
Bangalore University is located in the Garden City of Bangalore aptly hailed as the “I.T. Capital of India”, was established in July 1964 as an off shoot of the University of Mysore, primarily to include institutions of higher learning located in the metropolitan city of Bangalore and the districts of Bangalore, Kolar and Tumkur, which eventually became a separate university. Initially, the two premier colleges of the city, the Central College (CC) and the University Vishvesvaraya College of Engineering (UVCE) formed the nucleus of Bangalore University.
Bangalore University has grown both in size and strength to include a large number of affiliated colleges, P.G. Centers with a rich diversity of programme options. In consonance with this expansion, in 1973, the University moved into a new campus named ‘Jnana Bharathi’ (JB) located on a sprawling 1100 acres of land and shifted many of its post graduate departments to this newly established campus. At present, the JB Campus houses the office of the Vice Chancellor, Registrar, Registrar (Evaluation), Finance Officer and a large number of post graduate departments, Directorates, Centres of higher learning, NSS Bhavan, Outdoor Stadium and other support services. The University Law College, started in 1948 and The College of Physical Education, started in 1959 are located in the JB Campus.
M.COM
Masters of Commerce or M.Com is a post graduate level course ideal for candidates who wish to make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. The 2-year course delves deeper into the functioning of the economy, capital, revenue, trade, taxes, etc. taught in B.Com.
Module – 1: Costing Strategy:
Influence of different cost elements on business enterprise, Importance of analyzing cost
elements, cost control and cost reduction: meaning, process, methods and techniques of
cost control and cost reduction, cost management: areas of cost management, difference
between cost management and cost accounting, role of cost accounting in strategic
planning and management control.
Module – 2: Strategic Cost and Performance Evaluation:
Integration of strategic cost management with performance evaluation, Strategic cost
management issues in different elements of cost; material, labour and overheads; product
design, value analysis and value engineering, strategic analysis of cost, business process
re-engineering, benchmarking.
Module – 3: Activity Based Costing System:
Introduction to traditional methods of overhead absorption, problems of overhead
absorption system under Traditional System, introduction to ABC, Kaplan and Coopers
approach to ABC, cost drivers and cost activities, allocation of overheads under ABC,
Characteristics of ABC, benefits from adaptation of ABC System, problems on
comparison between traditional system and ABC system.
Module – 4: Life Cycle Costing:
Meaning of LCC, factors affecting Life cycle costing, phases in product life cycle,
characteristics, product life cycle and cost control. Experience curve in product life cycle
costing. Project life cycle costing: Meaning, categories of project life cycle costs,
optimization of project life cycle costs.
Module – 5: Just in Time and Kaizen Costing
JIT – features, methodology in implementation of JIT, Benefits of JIT. Kaizen Costing:
concept, procedure for implementation, evaluation, benefits of Kaizen costing. Lean Cost
Management: Meaning, definition, factors, applications, procedure to implementation,
comparison with traditional management system, Modern production management
techniques, benefits and drawbacks of Lean Cost Management.
Study material Strategic Cost Management
- STRATEGIC COST AND PERFORMANCE EVALUATION
- Difference between cost control and cost reduction
- ACTIVITY BASED COSTING PROBLEMS
- MODULE-1
- Activity Based Costing
- Basics of Strategic Cost Management
- STRATEGIC COST MANAGEMENT – I
