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Nov 28, 2024
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2023-2024 UMass Dartmouth Graduate Catalog [Archived Catalog]
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ACT 671 - Strategic Cost ManagementCredits 3 Requirements: Prerequisite: ACT 650Lecture / 3 hours per week Illustration of the importance of management accounting information in strategic business decisions. The main purpose of Strategic Cost Management (SMC) is to support decision-makers in developing, communicating, implementing, evaluating and modifying organizational strategy. We develop the role of cost management in making strategic decision using three tolls: value chain analysis, strategic positioning analysis, and cost driver analysis (activity-based costing). Graded
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