Strategic Cost Analysis for Managers
offered by MIT University

Private University
168 acre campus
Estd. 1861

Strategic Cost Analysis for Managers
at
MIT University
Overview

Gain a deeper understanding of cost management and how resources are allocated throughout an organization

Duration	2 days
Total fee	₹2.97 Lakh
Mode of learning	Online
Course Level	UG Certificate

Strategic Cost Analysis for Managers
at
MIT University
Highlights

Earn a certificate of course completion from the MIT Sloan School of Management
Learn through a series of interactive lectures, cases, and small group exercises

Strategic Cost Analysis for Managers
at
MIT University
Course details

Skills you will learn

Budgeting Customer Relationship Accounting Relationship Management Cost Accounting

Who should do this course?

For Managers from engineering, manufacturing, IT, and technology departments
For Directors of project management, product and business development, and R&D
For Chief project engineers
For Product design and process development engineers
For Key staff members with performance responsibility

What are the course deliverables?

The language and mechanics of cost accounting that goes on within complex organizations
Cost allocation, absorption costing, and transfer pricing, and their effect on reported performance
How to identify good results even though the accounting numbers look bad, and bad results when the accounting numbers look good
Companies-internal metrics for evaluating management

More about this course

This cost analysis course offers a unique opportunity for program and project managers to learn cost accounting-based management practices and strategies for making smart business decisions that justify outcomes and create value
Learn to analyze the performance of projects, and even entire departments, from a financial perspective
Understand how to leverage cost and variance analysis to position a particular project or department for success
Gain a deeper understanding of cost management and how resources are allocated throughout an organization

Strategic Cost Analysis for Managers
at
MIT University
Curriculum

DAY 1

Welcome and Introductions: Overview of Goals and Class

Demystifying Accounting and Cost Analysis, Death Spirals,

Capacity Issues, Financial Reporting Case: Anagene Inc.

Seligram Inc

Break

Time-Driven Activity-Based Costs, Process Mapping, Customer

Profitability, Whale Curves, Customer Relationship Management

Case: Kanthal (A)

DAY 2

Accounting for Planning and Performance Evaluation Budgeting,

Price, Quantity, and Mix Variances Case: Compagnie du Froid

Overhead Variances, Transfer Pricing, Incentive Compensation

Case: Polysar Limited; Analyzing Standard Costs; Incentive

Strategy Within Organizations

Performance Evaluation, Control Systems, Start-Ups Case: ATH

MicroTechnologies

Strategic Cost Analysis for Managers
at
MIT University
Faculty details

John E. Core

John E. Core is the Nanyang Technological University Professor and a Professor of Accounting at the MIT Sloan School of Management. Core has broad research interests in executive compensation and executive stock and option incentives, corporate governance, nonprofit governance, and disclosure and the cost of capital

Christopher F. Noe

Christopher Noe is a Senior Lecturer in Accounting at the Sloan School of Management. Noe specializes in the fields of financial accounting and corporate finance. Immediately prior to joining the faculty at MIT Sloan, Noe was a vice president at Charles River Associates, an economics consulting firm.