ICAI Syllabus Portal Link


to acquire the ability to apply various cost management techniques for planning and controlling
performance in order to set, monitor and control strategic objectives.
bTo develop skills of analysis, synthesis and evaluation in cost management to address challenges and
issues that might affect or influence the management of performance within organisations.

An Introduction to Strategic Cost Management
Managing Cost Strategically: Strategic Cost Management, Limitations of Traditional Cost
Management: Traditional vs. Strategic Cost Management
ii Organizational Context: Gaining Competitive Advantage, Value Proposition, Osterwalder’s
Business Model Canvas
iii External Environment Context: Industry Profitability, Basis of Competition, Industry Key Success
Factors, Understanding Customers and Markets
iv Information Technology: Strategic Context- (IS/IT) and Porter’s Five Forces (IT/IS) and the Value
The Role of Management Accountant as a Leader: Communication, Decision Making, and Business
Modern Business EnvironmentIntroduction and Characteristics of the Modern Business Environment
ii Quality to Business Excellence: Cost of Quality, Total Quality Management
iii Supply Chain Management (SCM)
IV. Gain Sharing Arrangements
Downsizing, Outsourcing and Offshoring
3 Lean Systems and Innovation
Introduction to Lean System
Just-in-Time (JIT)
Kaizen Costing
c 5S
Total Productive Maintenance (TPM)
Cellular Manufacturing/One-Piece Flow Production Systems
Six Sigma (SS)
4 Specialist Cost Management Techniques:
i Cost Control/ Waste Control, Cost Reduction
ii Target Costing
iii Throughput Accounting and Theory of Constraints
iv Life Cycle Costing
Environment Management Accounting
5: Management of Cost Strategically for Emerging Business Models:
Changing Business Environment: Digital Technologies, Business Ecosystems, and Hypercompetition
Transformation and Disruption, Advanced Manufacturing, Lean Start-up, Agile Organisations,
Start-ups vs Incumbents, Intrapreneurship, Innovation Hubs and Incubators, Supply Chain
ii. Business Models
hyper-disruptive Business Models
b Models relevant to Sustainability
Models relevant to Emerging National Markets
iii. Strategic Responses to New Business Models
6 Strategic Revenue Management:
Decision-Making Techniques
a CVP Analysis
Relevant Cost Concept
ii. Pricing Decisions:a. Theory & Principles of Product Pricing
b . Pricing: New Product, Finished Products, Pricing of Services, Emerging Business Models
c. Sensitivity Analysis in Pricing Decisions
Pricing Decision under Special Circumstances
Ethical and Non-financial Considerations
iii. Pricing Strategies:
Pricing Strategies
Kano’s performance attributes
7 Strategic Profit Management:
Operating Profit Analysis
ii. Activity-Based Profitability Analysis, Activity-Based Management (ABM), Activity-Based Budgeting
iii Pareto Analysis


An Introduction to Strategic Performance Management;Performance Management and Its link to Strategy
ii Role of Performance Management in Business Integration using Models such as Value Chain and
McKinsey’s 7S
iii Influence of an Organization’s Structure, Culture and Strategy on Performance Measurement
iv. Strategic Performance Issues in Complex Business Structures
v Behavioural Aspects
Predicting and Preventing Corporate Failure
2 Strategic Performance Measures in the Private Sector:
Critical Success Factors and Link to Performance Measurement, Key Performance Indicators (KPI)
ii Financial Measures: Gross Profit, ROCE, ROI, EPS, RI, NPV, EVA, etc.
iii Non-Financial Performance Measures: Linkage between performance measures (Balanced
Scorecard); Link Strategy, Operations and Performance (Performance Pyramid); Link between
achievement of the corporate strategy and the management of human resources (The Building
Block Model); Triple Bottom Line
iv. The role of quality in management information and performance measurement systems
3 Strategic Performance Measures in Not-for-Profit Organizations:

Diversity in objectives, difficulties in measuring outputs
ii. ‘value for money’ service provision as a measure of performance in not-for-profit organisations
and the public sector
iii Adapted Balanced Scorecard
4: Preparation of Performance Reports
5 Divisional Transfer Pricing:
I Meaning, Purpose & Principles of Transfer Pricing
ii Methods of Transfer Pricing
iii. The behavioral Consequences arising from Divisional Structures
iv. International Transfer Pricing
6 Standard Costing:iv Variance Investigation Techniques, Interpretation of Variances, Possible Interdependence
Between Variances and Reporting
v Behavioural Aspects of Standard Costing, Limitation of Standard Costing (including its use in the
contemporary business environment
Part C: CASE STUDYCovering Course Concepts
ii Combination of MCQs and extended response questions
General Note-
The Strategic Cost & Performance Management exam builds upon the skills and knowledge
examined in the “Strategic Management” and “Cost and Management Accounting” exams. At this
stage, candidates will be expected to demonstrate an integrated knowledge of the subject and
an ability to relate their technical understanding of the subject to issues of strategic and
operational importance to the organisation.
ii. Basic Applications of the following Quantitative Techniques are required to be studied for linkage
programming to the course concept:
(a) linear programming;
(b) learning curve/experience curve.

Enroll Now Our CA Final Self-Paced Online Modules (SPOM) Classes


Q.1: What are synchronous online self-paced modules?

Ans: As the name suggests, Self-Paced Online Module is a course which a student can learn
and qualify at his/her own pace after registering for the final course. Four self-paced online
modules [SET A, SET B, SET C and SET D] encompassing different fields have been introduced
in the New Scheme of Education and TraQ.2.

Q.2: What are the self-paced online modules?

Ans: There are 4 sets in Self-Paced Online Modules, as under:
SET A: Corporate and Economic Laws (100 Marks) [Mandatory]
SET B: Strategic Cost & Performance Management (100 Marks) [Mandatory]
SET C: Elective (Choose one) (100 Marks)
Risk Management
Sustainable Development and Sustainability Reporting
Public Finance and Government Accounting
The Insolvency and Bankruptcy Code, 2016
International Taxation
The Arbitration and Conciliation Act, 1996
Forensic Accounting
Financial Services and Capital Markets
Forex and Treasury Management
SET D: Multidisciplinary (Choose one) (100 Marks)
The Constitution of India and Art of Advocacy
Psychology & Philosophy
Entrepreneurship and Start-Up Ecosystem
Digital Ecosystem and Controls

Q.3: What is the registration process for self-paced online modules?

Ans: At the time of registration for the final course, students would also be registering for Self-Paced
Online Modules. The form for Final Course registration will have the option for selecting the
subjects under Self-Paced Online Modules SET C and SET D. No separate fee is payable for
registration of Self-Paced Online Modules.

Q 4: Are papers in self-paced online modules mandatory?

Ans: SET A: Corporate and Economic Laws and SET B: Strategic Cost and Performance
Management is a mandatory Self-Paced Online Modules. SET C and SET D will have 10
subjects and 4 subjects, respectively. The student, as per his/her interest, would have to select any
one of the subjects from each SET C and SET D.

Q.5: What will be the manner of learning for self-paced online modules?

Ans: The learning modules and study materials for the Self-Paced Online Modules will be provided
to the students in the form of e-Books. In case of SET A and SET B, physical Study Material
would also be made available. Besides e-Books, video lectures of experts in the relevant
subject area, will be made available to the students.
Students would be required to complete the minimum prescribed learning hours for each
Self-Paced Online Module for being eligible to appear in the respective examination.

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