Date: February 15 – 18, 2020
The paradigm shift from cost accounting and control to strategic cost management and performance management has become imperative for organizations in today’s times – where cost leadership and performance management is a vital strategy. In this scenario managing costs strategically and monitoring and controlling performance in tune with managerial decisions, is clearly important for the long term sustainability of organizations.
Program Objectives:
In an increasingly competitive environment – spanning now beyond national boundaries – a key critical success factor is effective cost management by business enterprises. In this context, there is a need for practising managers to update their knowledge and skills to enable them to improve the effectiveness of their cost management initiatives. The objective of the programme is to provide necessary skills to participants which can be easily adapted to their work environment. Understanding costs, using it for planning (budgeting), pricing, cross functional decision making as also for cost management is a key requirement. This programme will provide a succinct introduction to these vital issues
Coverage:
The programme will cover the following broad areas:
• Overview of cost management issues for different business situations
• Cost determination techniques like Activity based costing (ABC & ABM)
• Relevant Costing for Managerial decision making
• Standard costing, Budgeting & Variance Analysis
• Divisional Performance measurement and evaluation for SBUs and profit centres
• Responsibility Accounting including Transfer Pricing
• Balanced Scorecard for tracking performance
• Customer Profitability Analysis
• Cost Management and Shareholder Value Creation
Venue: Management Development Centre (MDC), IIM C Campus
Participant Fees: Residential (R): ₹ 70,000/- Non-Residential (NR): ₹ 10,000/- less than the Residential fee Taxes and surcharges extra, as applicable.
Contact Information:
CMDP Office
Management Development Centre (MDC)
Indian Institute of Management Calcutta, Diamond Harbour Road, Joka, Kolkata – 700 104
Phone: +91 33 7121 6000-01 (Extns: 6012/6005)
Email: program_mdp@iimcal.ac.in Weblink: https://www.iimcal.ac.in/mdp/mdp-calendar
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