Taxmann Strategic Cost Management By Ravi M. Kishore Edition 2024

Taxmann Strategic Cost Management By Ravi M. Kishore

Taxmann Strategic Cost Management By Ravi M. Kishore

Description

This book is a comprehensive and authentic textbook for those seeking a thorough understanding of strategic cost management in the modern business environment. It emphasises the importance of cost consciousness in the competitive business world, highlighting its role in the survival and sustainability of business concerns.

Structured into 38 well-organised chapters, the textbook discusses traditional and modern cost management techniques, ensuring a broad and updated coverage of the subject matter. Special attention is given to Operations Research, simplifying complex topics like Simulation Modeling, Learning Curve Theory, Assignment Problems, Transportation Problems, Linear Programming, and Network Analysis for easier student comprehension.

This book is tailored for students and professionals in higher-level business management courses. It is particularly beneficial for those preparing for M.Com., MBA, MFM, CA, CMA, and CS courses.

The Present Publication is the 5^th Edition, authored by Ravi M. Kishore, with the following noteworthy features:

• [Simple & Lucid Language] The content is presented to simplify complex concepts, making it accessible to students and professionals alike
• [Illustrations & Diagrams] The concepts within are elucidated through a multitude of illustrations and diagrams, making complex and advanced subjects more accessible
• A significant focus is given to Operations Research, presented in an easy-to-understand manner
• [Theory Questions] are included at the end of each chapter to aid in self-testing and reinforce learning
• [Practical Problems] Each chapter is fortified with numerous solved practical problems for self-study, enhancing the hands-on learning experience

The detailed contents of the book are as follows:

• Overview of Strategic Cost Management
• Cost Concepts for Decision-Making
• Incremental, Relevant and Opportunity Cost Concepts
• Activity-Based Cost System
• Target Costing
• Backflush Accounting and Resource Consumption Accounting
• Throughput Accounting
• Breakeven and Volume – Cost-Profit Analysis
• Application of Marginal Costing Technique
• Cost Control Through Standard Costing
• Cost Management with Setting Budgets
• Product Pricing – Methods and Strategies
• Responsibility Accounting and Divisional Profitability
• Interdivisional Transfer Pricing
• Management of Marketing and Distribution Cost
• Productivity Management
• Capacity Management
• Employee Training, Relocation and Cost of Strike
• Pareto Analysis and Theory of Constraints
• Just In Time and Lean Manufacturing
• Quality Management – Systems and Techniques
• Project Life Cycle Costing
• Product Life Cycle Costing
• Balanced Score Card
• Business Process Outsourcing
• Benchmarking
• Value Chain Analysis
• Supply Chain Management
• MRP, MRP II and ERP
• Management Information Systems
• Uniform Costing and Interfirm Comparisons
• Cost Audit and Management Audit
• Simulation Modelling
• Learning Curve Theory
• Network Analysis (PERT and CPM)
• Assignment Problem
• Transportation Problem
• Linear Programming
• Mathematical Tables

About the author

Sri Ravi M. Kishore has studied for a Masters’ Degree in Commerce at Sri Venkateswara University, Tirupati and studied Bachelor of Laws at Acharya Nagarjuna University, Guntur. He is an Associate Member of the Institute of Cost Accountants of India, Kolkata and a Fellow Member of the Institute of Company Secretaries of India, New Delhi. He studied the Post-Graduate Diploma Course in Personnel Management at Annamalai University. He has also completed the ISO 9000 Quality Management Systems Auditor Course conducted by Lloyd’s Register Quality Assurance, London.

He has worked in medium and large manufacturing concerns for over fifteen years in senior-level management positions, handling Finance, Accounting and Secretarial Functions. Presently, he is practising as a Management Consultant offering specialist services to the corporate sector.

He has been actively involved in the academic field and teaching profession for over the past twenty years. He has authored several books for Professional and Academic Courses in Finance, Accounting, and Management, which include the following:

• Strategic Management | Text and Cases
• Cost Accounting – 4^th Edition
• Cost and Management Accounting – 6th Edition
• Strategic Cost Management | Theory and Practice – 5^th Edition
• Financial Management | Theory, Problems and Cases – 8th Edition
• Financial Management | Problems and Solutions – 2^nd Edition
• Advanced Management Accounting | For CA Final
• Strategic Financial Management | For CA Final
• Cost Accounting | For CA IPCC
• Financial Management | For CA IPCC
• Cost Accounting and Financial Management | For CMA Intermediate
• Cost and Management Accountancy | For CMA Intermediate
• Business Strategy and Strategic Cost Management | For CMA Final
• Strategic Performance Management | For CMA Final