CMA Knowledge Series — Strategic Cost Management (CMA Final)

This 2023 Edition of Strategic Cost Management by FCMA Govada Chalapathi Rao (G.C. Rao) is part of the CMA Knowledge Series, meticulously prepared for CMA Final – Group 3, Paper 16 under the New Syllabus 2022. Applicable for the June 2023 and onwards examinations, it offers a comprehensive and practice-oriented approach to mastering advanced cost management strategies, techniques, and applications.

The book follows the Institute of Cost Accountants of India (ICAI-CMA) prescribed syllabus, integrating conceptual clarity, strategic insights, and real-world case studies to equip candidates for both examination success and professional competence.

Key Coverage Includes:

• Conceptual framework of Strategic Cost Management

• Advanced cost concepts and decision-making tools

• Cost reduction, cost control, and value analysis techniques

• Strategic pricing and performance measurement

• Life cycle costing, target costing, and kaizen costing

• Transfer pricing and divisional performance evaluation

• Benchmarking and cost management in service sectors

• Case studies and practical illustrations relevant to CMA practice

Salient Features:

• Complete coverage of ICMAI’s latest syllabus for Paper 16

• Chapter-wise presentation with illustrative examples and case-based problems

• Incorporates recent trends and global best practices in cost management

• Detailed analysis of strategic decision-making tools with solved illustrations

• Past examination questions with suggested answers for better preparation

• Concise summary notes for last-minute revision

This edition is particularly suitable for:

• CMA Final aspirants preparing for Paper 16 under the New Syllabus 2022

• Cost accountants and finance professionals involved in strategic decision-making

• Academicians and trainers delivering advanced cost management courses

• Corporate strategists and management consultants seeking applied cost insights

Designed as both a study companion and a professional reference, this book equips readers to tackle complex cost management challenges with confidence and strategic acumen.