ACCT 527: Cost Management Strategies

This course provides an in-depth examination of cost management strategies, equipping students with the comprehensive knowledge required to understand and leverage cost management in today’s dynamic business environment. It explores the evolution of cost management and its increasingly strategic role in shaping, supporting, and implementing business strategies. Key themes include analyzing cost management frameworks to enhance organizational competitiveness, using cost data in strategic decision-making, and aligning cost structures with long-term objectives. The course also emphasizes the role of cost management in designing and implementing management control systems and performance measurement tools that drive strategic alignment and operational efficiency. Through case studies and practical applications, students will learn to evaluate and implement cost management strategies that support sustainable value creation and long-term success in contemporary business landscapes.