572 Strategic Cost Management

Accounting

Approved course information last updated: 1 year, 12 months ago

Pre-requisites: None

Requisite To: None

Lab Session:

Course Description

The changing role of managerial accounting in organizations includes calls for managerial accountants to expand their horizons to incorporate a broad range of issues that they have traditionally not considered to be in their domain. In targeting this course toward prospective audience and students in graduate programs, this course addresses this expanding role of managerial accounting in a number of ways. Strategic cost management includes a number of new topics which are not usually covered (or covered only briefly) in most undergraduate cost and managerial accounting courses. These include strategic positioning (how a firm determines its strategy), value chain analysis, the balanced score card, target costing,  theory of constraints, life-cycle costing, economic value added, managing quality and time,  customer costing and profitability analysis, managerial uses of accounting information, and the role of activity-based-costing (abc) in enforcing activity-based-management (abm).

Course Learning Objectives (CLOs)
  • Clo1: understanding and evaluate the contemporary business environment, and the contemporary management techniques for the resolution of problems.
  • Clo2: identify, implement and evaluate different types of competitive strategies.
  • Clo3: addresses the ways in which strategic cost management information can help an organization succeed with emphasis on the strategic management function in different types of organizations.
  • Clo4: understanding and applying of contemporary practice in managerial accounting at an advanced level for analyzing data.
  • Clo5: carrying out costing and quantitative techniques at an advanced level for analyzing data to generate accurate management accounting reports.
  • Clo6: defending the appropriateness of techniques to the production and presentation of information for strategic management by using case studies, with increasing awareness of situations that involve ethical dilemmas.
Syllabus History
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