Emphasizes contemporary topics in strategic cost management through an understanding of the underlying concepts and fundamental techniques involved in cost accounting for manufacturing and service companies. Stresses on how cost management systems, with their performance evaluation and reward systems, encourage efforts to achieve an organization’s strategic goals. Topics include activity-based costing; decision making; pricing and profitability analysis; the balanced scorecard and performance management, joint and common cost allocation; cost of quality and continuous improvement; responsibility accounting, performance measurement and reward systems; transfer pricing and capital investment decisions.

Pre-requisites: ACCT210