Strategic Cost management

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Paper pattern:-

Q1. Objectives (15 marks)

Q2. Full length questions theory +practical (2 sets of 2 questions each. Attempt any one set)

Q3. Full length questions theory +practical (2 sets of 2 questions each. Attempt any one set)

Q4. Full length questions theory +practical (2 sets of 2 questions each. Attempt any one set)

Q5. Short notes (3 of 5)

Unit 1

  1. Strategic costing vs traditional costing
  2. SN on value engineering, business process reengineering, Total quality management, Total productive maintenance  
  3. Product lifecycle costing
  4. Audit and control of total distribution cost
  5. Methods of cost reduction
  6. Methods of waste control and disposable management

Unit 2

  1. ABC and limitations of ABC
  2. Simple sums on ABC
  3. ABC vs ABM
  4. Simple sums on cost drivers
  5. SN Back flush costing, methods of transfer pricing
  6. Factors affecting transfer pricing
  7. Simple sums on transfer pricing
  8. Simple sums on break even analysis and profitability

Unit 3

  1. Financial audit vs cost audit
  2. Advantages of cost audit
  3. Advantages of strategic cost management
  4. Benefits of BPO
  5. Features of 6 sigma
  6. DMAIC approach
  7. Application of learning curve
  8. Benefits of simulation

Unit 4

  1. Simple sums on standard costing- variances
  2. Types of cost centers
  3. Reasons for breaking up into different cost center
  4. SN- Profit center, investment center
  5. Benefits of responsible accounting
  6. Sn- residual income, EVA

Text books recommended

  1. Sheth Publications, 
  2. Vipul Publications
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Education Qualification: BMS- N M College (University Rank Holder) PGDBM- Sydenham College M Com- College topper Mr Vipin Saboo has been associated with the following institutes as a visiting faculty Lords college, Malad Patkar College, Goregoan Saraf college, Malad Dalmia college, Malad St Andrews College, Bandra Wilson College, Grant Road Thakur college, Kandivili L N College, Kandivili N K College, Malad Dhanukar College, Vile Parle St Xaviers College, Marine Lines Shroff College, Kandivili KES College, Khar Mr.Vipin Saboo also has more than 5 years of industry expertise with corporate like CRISIL, Motilal Oswal Investment Banking and Yes Bank. Mr. Saboo has also published a text book on Logistics and Supply Chain Management for TYBMS Students.
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