At the beginning of the twenty-first century, changes in the business environment have profoundly affected cost accounting and cost management. These changes are an increased emphasis on providing value to two customers, globalisation of markets, growth of services industry and awareness of ethical and environmental business practices. Therefore, the new cost management system can be more accurately referred to as an activity and strategic based cost management system.
The book covers lucid presentation, tailor-made approach comprehensive text with plenty of illustrations and has several additional welcome features. The book covers the course contents of the students preparing for MBA/MMS of the University of Mumbai and other Universities in India and M.Com., CA, CS and ICWA and other professional examinations.
Contents :
1. Cost Analysis for Strategic Business Decisions
2. Different Aspects of Strategic Cost Management
3. Activity Based Costing
4. Value Chain Analysis and Long-term Cost Management
5. Objective Based Costing
6. Balance Scorecard Concept
7. Audit
8. Strategic Cost-Benefit Analysis
9. Abbreviations
