Introduction of Strategic Cost Management | SPOM Set B SCPM Chapter 1 Part 1 | CA Final IBS

This video covers basic introduction of Strategic Cost Management, introduction of traditional cost management and its limitations, Value Chain Analysis by Michele Porter and Value Shop Model. It covers pg. no. 1.1 to 1.11 from ICAI Module.

It is Part 1 of Chapter 1 - Introduction of Strategic Cost and Performance Management of Self Paced Online Module (SPOM) Set B - Strategic Cost and Performance Management of CA Final. It is based on ICAI Study Material (Modules). It is relevant for CA Final Paper 6 - Integrated Business Solutions (IBS) as well.

It is relevant for CA Inter May-2024 attempt onwards. It is relevant for ICAI New Scheme of Education and Training (New Course of CA Final). It is helpful in understanding the concept and to remember as well.

Time Stamp
00:00 Introduction
03:04 Difference among Cost Control, Cost Reduction and Cost Management (Traditional and Strategic Cost Management Introduction)
12:57 Traditional Cost Management & its Limitations
24:01 Needs of Strategic Cost Management (SCM)
27:20 Strategic Cost Management (SCM)
32:32 Value Chain Analysis (By Michele Porter)
01:01:38 Value Shop Model

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