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STRATEGIC COST ANALYSIS

STRATEGIC COST ANALYSIS

Subject Area
Course Number
ACCT 1020 920
Course Code
ACCT1020920
Course Key
76033
Day(s)
Monday
Tuesday
Wednesday
Thursday
Time
1:45pm-3:45pm
1:45pm-3:45pm
1:45pm-3:45pm
1:45pm-3:45pm
Instructor
MORAN, JOSEPH
Course Description
Strategic Cost Analysis is the process of analyzing and managing costs in order to improve the strategic position of the business. This goal can be accomplished by having a thorough understanding of which activities and costs support an organization's strategic position and which activities and costs either weaken it or have no impact. Subsequent cost management efforts can then focus on reducing or limiting expenditures on activities that add little or no strategic value, while increasing expenditures on activities that support the strategic position of the organization. Performance can then be evaluated to ensure that the chosen actions are taken, and that these actions are yielding improved strategic performance. Throughout the course, a strategic cost analysis and management framework will be applied across functions and organizations to highlight the cost analysis and performance evaluation methods available to forecast financial performance and improve strategic position.
Subject Area Vocab