Introduction of Strategic Cost Management | SPOM Set B SCPM Chapter 1 Part 1

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Introduction of Strategic Cost Management | SPOM Set B SCPM Chapter 1 Part 1 | CA Final IBS

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Күн бұрын

This video covers basic introduction of Strategic Cost Management, introduction of traditional cost management and its limitations, Value Chain Analysis by Michele Porter and Value Shop Model. It covers pg. no. 1.1 to 1.11 from ICAI Module.
It is Part 1 of Chapter 1 - Introduction of Strategic Cost and Performance Management of Self Paced Online Module (SPOM) Set B - Strategic Cost and Performance Management of CA Final. It is based on ICAI Study Material (Modules). It is relevant for CA Final Paper 6 - Integrated Business Solutions (IBS) as well.
It is relevant for CA Inter May-2024 attempt onwards. It is relevant for ICAI New Scheme of Education and Training (New Course of CA Final). It is helpful in understanding the concept and to remember as well.
Time Stamp
00:00 Introduction
03:04 Difference among Cost Control, Cost Reduction and Cost Management (Traditional and Strategic Cost Management Introduction)
12:57 Traditional Cost Management & its Limitations
24:01 Needs of Strategic Cost Management (SCM)
27:20 Strategic Cost Management (SCM)
32:32 Value Chain Analysis (By Michele Porter)
01:01:38 Value Shop Model
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Пікірлер: 82

@rushabhsheth7985 2 ай бұрын

Thank You So Much !! You are providing quality content for free of cost rather i should say at cost of your valuable time !! Highly appreciate your effort for us !! Hoping for full syllabus as per ICAI Module at earliest!!😊😊

@CAKrupenYHathi 2 ай бұрын

Glad that these are helpful to you! Trying to upload videos asap.

@chetnasen3307 Ай бұрын

mai search kr rhi thi ki koi techer esa ho jo ICAI module se pdhaye wo bhi sara content cover krvade. finally sir aapki class dekh k mja aagya thank you sir 😊

@CAKrupenYHathi Ай бұрын

Glad that it is helpful to you! Keep watching and learning!

@Dee47 Ай бұрын

Thank you sir for ur lectures ..covering full icai sm.. Really helpful.👏👏👌👌

@CAKrupenYHathi Ай бұрын

Glad that these are helpful to you!

@komalbhushan8959 2 ай бұрын

Thanks sir for this effort.. we are very grateful to you for all the help you have given us.

@CAKrupenYHathi 2 ай бұрын

It's my pleasure

@sheetalnayak3587 Ай бұрын

what a wonderful way of teaching to the point.

@CAKrupenYHathi Ай бұрын

Glad to hear that it is helpful to you!

@Kamakshi_Khatod 21 күн бұрын

I cleared scmpe with 68 marks today! This wouldn't have been possible without u sir! Thank you Dil se!❤

@CAKrupenYHathi 20 күн бұрын

Congratulations 🥳🎊 You may share your reviews or experience of Test.

@Kamakshi_Khatod 20 күн бұрын

@@CAKrupenYHathi The questions ranged from avg to tricky(a bit)! Basically cover all important concepts like JIT, Divisional Transfer pricing & also don't leave theory..their is 50-50 ratio of practical & theory so try to cover max!Relay on module only,the sureshot pdf & your videos! Last but not the least have faith & confidence! All the best to all!😊

@CAKrupenYHathi 20 күн бұрын

@@Kamakshi_Khatod Thanks for sharing your experience and advice! It'll be very much helpful to everyone!

@Relaxandmeditate18 12 күн бұрын

@@Kamakshi_Khatod kindly share sure shot pdf

@PankajKumar-mo4ex 2 ай бұрын

Thank you very much sir for these lectures matching with ICAI Tune. Request you to upload whole of the chapters as soon as possible.

@ChiragGarg. 2 ай бұрын

Acha bhaiyaa

@CAKrupenYHathi 2 ай бұрын

Glad that it is helpful to you! Trying to upload ASAP.

@priyankachoudhary5483 Ай бұрын

Thank you sir, your vidoes helped me in clearing Set B exam.

@meji9234 2 ай бұрын

Thank you for these videos! Please put the playlist in the order of lectures.

@CAKrupenYHathi 2 ай бұрын

It is done! Thanks for drawing my attention!

@Prince12241 2 күн бұрын

Summary: Traditional Costing Cost Control (Ignores qualitative aspects, Reactive & Temporary in nature) vs Strategic Costing Cost reduction (Acknowledge qualitative aspects, Proactive & Permanent in nature) Porter's 5 Forces model (Value Chain analysis)- Primary Activities- Inbound logistics, Operations, Outbound Logistics, Marketing (4Ps(Product, Place, Price, Promotion) + 3Ps (People, Process, Physical evidence - helps to serve better and for positioning) and sales and After-sales Services) - Vertical in nature (i.e., they go in flow) Secondary Activities- Firm infrastructure, Techonology Development, HR management, Procurement- Horizontal in nature Supplier evalaution, RM, POs comes under Procurement and not Inbound logistics. Segregate value-added and non-value added(NVA) activities, curtail expense on NVA (cost leadership), improve VA (product differentiation)

@CAKrupenYHathi 19 сағат бұрын

To make it clearer: For Stretegic Cost Management- Focus is on Cost Management than Cost Control and Cost reduction. Cost Management is broader term as it includes non fin factors as well!

@pratikjoshi7156 14 күн бұрын

Thank you so much Sir for these lectures❤ Its really helpful to study from module❤

@CAKrupenYHathi 14 күн бұрын

Gald to know that it is helpful to you! Keep watching and learning

@sarathr6820 Ай бұрын

why is everyone on youtube take classes in hindi. kindly consider taking in english for the beneficial of all students across the country.

@CAKrupenYHathi Ай бұрын

I can understand your issue, however, who understands Hindi like to learn/ watch lectures with mix of Hindi and English for better understanding and more clarity, and they are major part of viewers, so it becomes first priority. I have also plan to make videos exclusively in English but it may take some time, not possible to prepare them immediately. If you have to complete SPOM now, you should try to search video lectures on KZfaq, you will find someone. Hope you would understand the same! All the best!

@user-nm5pd6hd1h Ай бұрын

Sir plzz upload the remaining lectures of other chapters as soon as possible. Exams are there in July for spom.

@harshitgta 2 ай бұрын

Sir will you provide other chapter videos on your channel??

@CAKrupenYHathi 2 ай бұрын

Yes, I'll upload videos from all the Chapters and for all concepts and questions form ICAI Module!

@unnatinagda3709 2 ай бұрын

Sir upto what date videos will be completed?

@CAKrupenYHathi 2 ай бұрын

Trying to complete ASAP.

@pranaykohli4647 2 ай бұрын

Sir kitne din me complete honge lectures. My exams are due on 15th june

@CAKrupenYHathi 2 ай бұрын

Will try to complete as soon as possible, however, it would be difficult to complete before 15th June, will try to upload max video ASAP.

@rushikeshpasalkar1218 2 ай бұрын

Yeah please Cover atleast Big chapters even my exam is on 14th June

@RajviMunjani1234 Ай бұрын

Thank you for this sir..🙂

@CAKrupenYHathi Ай бұрын

Most welcome 😊

@saipradeep6491 2 ай бұрын

thanking you sir, for helping us

@CAKrupenYHathi Ай бұрын

Glad that it is helpful to you!

@HinalShah-od9gg 2 ай бұрын

Thank you sir

@CAKrupenYHathi 2 ай бұрын

Welcome!

@sobumehr5364 19 күн бұрын

Thanks 🙏

@CAKrupenYHathi 17 күн бұрын

You’re welcome 😊

@deepakchhabra3193 2 ай бұрын

Thanks

@CAKrupenYHathi 2 ай бұрын

Welcome

@yagniksurani9626 2 ай бұрын

Hello Sir...Thank you for Upload a Lactures....I have an Exam on 22th June...Can You Upload Remaining Lactures...Please?

@CAKrupenYHathi 2 ай бұрын

New video is uploaded, check out by clicking on the following link: kzfaq.info/get/bejne/n6hkrdx9z76VYHU.html I can't commit to upload all lectures before 22nd June, it is little difficult, still try to upload maximum videos! Thanks.

@shikhagupta3828 Ай бұрын

Sir by when will u upload the reamaining ch 4 to ch 13 as i have my exams on 15 july

@CAKrupenYHathi Ай бұрын

Will try to upload videos ASAP, chapter 4 is started uploading, you may watch it: kzfaq.info/get/bejne/pbZ0gK-Fnr7NhIk.html Thanks for your patience

@PranavChugh 2 ай бұрын

WHERE IS PART 2 OF THIS LECTURE. UNABLE TO FIND IT

@CAKrupenYHathi 2 ай бұрын

Following is the link of Part 2: kzfaq.info/get/bejne/nbhmpcJomdOrl2Q.html

@CAKrupenYHathi 2 ай бұрын

And this is the link of Playlist of SPOM Set B, you will find videos in sequence in future: kzfaq.info/sun/PLux8FsMkulSVX_Z3f8iTkl42-NKyBEN-b

@abhisheksinha1397 2 ай бұрын

Sir 30th june tk complete hojaenge kya lectures??

@CAKrupenYHathi 2 ай бұрын

I'll try the best to complete ASAP.

@abhisheksinha1397 2 ай бұрын

@@CAKrupenYHathi sir ek estimated date bta dete to acha rehta 16th july ko test h mera

@CAKrupenYHathi 2 ай бұрын

@@abhisheksinha1397 Will try to complete in this month only!

@abhisheksinha1397 2 ай бұрын

@@CAKrupenYHathi ok thanks sir

@poovihu Ай бұрын

Thank u sir

@CAKrupenYHathi Ай бұрын

Welcome

@CAinMay2024 2 ай бұрын

Insightful and too much effort putted on, please upload other videos asap sir, its a sincere request sir please.

@CAKrupenYHathi Ай бұрын

Glad that it is helpful to you! Trying to upload them soon. When do you have scheduled your test?

@CAinMay2024 Ай бұрын

@@CAKrupenYHathi sir done,scored 76, kudos to you!!

@CAKrupenYHathi Ай бұрын

@@CAinMay2024 Congratulations! Can you please share your experience and review of test?

@CAinMay2024 Ай бұрын

@@CAKrupenYHathi sir basically exam was more of theory part, but theory is not theory I mean it was very Conceptual based, things need to be understood very minutely and completely

@CAKrupenYHathi Ай бұрын

@@CAinMay2024 Okay thanks for sharing it!

@vishal-dp8vo 12 күн бұрын

sir cost ka part kha milega?

@CAKrupenYHathi 5 күн бұрын

Matlab?

@vishal-dp8vo 5 күн бұрын

@@CAKrupenYHathi spom set b me jo pahle chapter h wo

@CAKrupenYHathi 5 күн бұрын

@@vishal-dp8vo vo pura chapter yeh playlist main sequence main hi milega.

@SureshKumar-ww6ib Ай бұрын

34:23

@PranavChugh 2 ай бұрын

Sir plz upload the new chapters such as Chapter 5 & 8 Kyu ki many of us have already done the old chapters in old syllabus Kaafi helpful hoga. Plz sir

@CAKrupenYHathi 2 ай бұрын

I would like to teach in some sequence so that all the students get benefit from the same. I'll try to cover whole syllabus ASAP. Btw when do you have scheduled for your exam?

@PranavChugh 2 ай бұрын

June 30th I’ve done SCMPE in old syllabus I’m a repeater. I wanted to do the new chapters via KZfaq just to be safe and cover everything