Strategic Cost Management and Performance Evaluation

Striking Features of the Book

Language and approach used is simple, effective and informal. Approach in the book has been adapted considering the typical present examination requirements of the Professional students preparing for the final examinations under new syllabuses (Paper 5 of the Institute of Chartered Accountants and Paper 15 of the Institute of Cost Accountants of India).

There is a glut of new terms in the market emanating from industrial revolution and intense cut-throat competition world-wide. Considering it in the light of weightage of questions asked, the scope of items discussed has been expanded to include such emerging issues as: Beyond Budgeting, Lean Systems, Six Sigma, Kaizen Costing, Throughput Accounting, Enterprise Resource Planning (ERP), Backflush Costing, Business Process Re-engineering, Total Quality Management, Socio-Economic Costing, etc.

All the recent practical problems, from the past examinations have been sectionalized, graded and presented according to the level of difficulties. Each section of each chapter ends with one of the celebrated problems of the past examinations, which has been the genesis of the recent examination problems.