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Course description |
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This course focuses on the relationship between cost analysis and strategy and how this is established by using different strategic management tools. Based on strategic management concepts, the course analyses business issues from a financial perspective, and attempts to establish connections between cost analysis and strategic management domains like; value chain analysis, strategic positioning analysis, and cost driver analysis, thereby culminating into the theme of strategic cost management. Strategic cost management is also presented as a supporting tool for decision makers involved in planning and implementing organizational strategies. |
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Objectives |
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The module aims at providing the student with an understanding of how management/cost accounting information can support the key strategic management issues and processes in an organization. The module shifts the perspective of cost analysis from a tactical and short-run focus to strategic and long run issues. Additionally, the course attempts to make students appreciate the strategic alignment of cost accounting information. |
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Program |
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Introduction to strategic cost management
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Strategy and cost analysis
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Cost accounting vs cost management and strategic cost analysis vs. conventional analysis
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Value chain, cost driver analysis and strategic cost management
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Strategic positioning and strategic cost management
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Life cycle costing and strategic cost management
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Target costing, value chain and quality costs
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Activity based costing / management / budgeting
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Profit variance analysis: conventional vs strategic context
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Balance scorecard and strategy mapping
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Professor |
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Professor not available
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