|Anurag Jain's Blog|
Wednesday, August 27, 2008
Sep 19/20: Workshop on Strategic Cost Management
"Workshop on Strategic Cost Management
Date: 12, 13 Sept 2008 Venue: JW Marriott, Juhu, MUMBAI
Date: 19, 20 Sept 2008 Venue: TAJ Westend, Bangalore
In a competitive environment, managers have little control over price, which is external to the firm. Price is determined by the market forces, primarily by competition from other firms manufacturing similar products and competition from substitutes. Managers can manage costs, which are, to an extent, internal to the firm. But to create value, managers must understand market dynamics and the interplay of price and costs.
Contemporary cost management models consider the trade off between price and costs. This programme aims to provide an understanding of contemporary cost management techniques. In addition, this programme will help managers to develop skills for the use of cost information for decision making.
# Non-finance executives operating in different functional areas will find the programme useful.
# Managers with a few years of experience will gain most from the programme.
# The programme presumes no previous knowledge of accounting.
# Case study analysis ( Harvard cases),
# Problem solving and interactive discussion will be used as pedagogy to deliver the programme.
# The topics will be covered in detail.
# Cost Information for Decision Making
(Marginal Costing, Relevant Costing etc.)
# Activity Based Costing and Activity Based Management
# Target Costing
# Strategic Cost Management
(incl Value Chain Analysis, Cost Driver Analysis)
# Balanced Score Card
# Budget and Budgetary Control and
# Standard Costing
The programme will commence at 9:30 AM and will close at 5:30 P.M.
Please send an email to firstname.lastname@example.org with name of participant, company, contact details and cheque no. Registration fee is Rs. 14,500 + 12.36 % Service Tax (Service Tax No- AAECP5617MST001) per participant which includes lunch, tea, course material etc. Cheque should be drawn in favour of "Princeton Academy Mumbai II Pvt. Ltd." payable at Mumbai
Faculty Profile - Asish K Bhattacharyya
# is a Professor of Finance and Control at the Indian Institute of Management Calcutta (IIMC). He is also the Faculty In charge of The IIMC Centre for Corporate Governance.
# Prior to joining IIMC, he was the Technical Director at the Institute of Chartered Accountants of India.
# Prof. Bhattacharyya held senior positions in industry for nearly two decades before joining academia in 1993.
# Dr. Bhattacharyya obtained his doctoral degree (D.Phil) from Allahabad University. He is a Fellow of the Institute of Chartered Accountants of India and also a Fellow of the Institute of Cost and Works Accountants of India.
# Prof. Bhattacharyya has authored books on
o Indian Accounting Standards published by McGraw Hill Education
o Financial Accounting for Business managers published by Prentice Hall.
o Cost Accounting for Business Managers published by Elsevier
Princeton Academy Mumbai II
502 Shalimar Morya Park, Andheri Link Road, Andheri West, Mumbai-
Tel- 022-66976892, 67256200. Fax- 26733060
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