Kaizen costing - PowerPoint PPT Presentation

Modern Business Environment

Modern Business Environment. Management Level – Paper P2 Advanced Managemen t Accounting. Lecture - 05. Vidya Rajawasam ACMA CGMA MBA. Modern Business Environment. In the previous lecture we have discussed Total Quality Management (TQM) Costs related to quality

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Part Five: Cost m anagement and s trategic performance management Chapter Twenty-one:

Part Five: Cost m anagement and s trategic performance management Chapter Twenty-one: Strategic cost m anagement. 21.1a. • Traditional management accounting control techniques tend to focus on cost containment whereas cost management concentrates on cost reduction.

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