GRABSUM School Inc.

Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

OUTCOMES-BASED TEACHING AND LEARNING PLAN IN LAW ON STRATEGIC COST MANAGEMENT

Course Title Strategic Cost Management Course Code : SCM

Credit Units 3 UNITS Pre requisites: Principles of Managerial Accounting - Financial
Management

Course Description:

The course aims to provide students with a deepened and thorough knowledge of investment analysis, credit analysis and costing
within a strategic framework. Important objectives are to give students the basic tools necessary at this level to investigate business
problems, to give them specialized knowledge about investment planning and costing on an aggregate level as well as detailed
knowledge about model building, to familiarize them with major and recent literature in their field, and to introduce important research
techniques.

Learning Outcomes:

After completing this course, the STUDENTS SHOULD BE ABLE TO DEVELOP:

1. A deepened knowledge of investment planning in different contexts, in companies as well as in public sector enterprises.
2. Knowledge about costing with a focus on the determination of capital cost in different settings.
3. The ability to critically examine and discuss how economic theories and methods can be applied in different situations within
business companies as well as in public sector enterprises.
4. The capacity to independently and critically handle quantitative and qualitative empirical material and to be able to use scientific
methods to analyze such material.
5. The ability to present their own and others results in a clear, pedagogic and interesting manner.

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

Assessment
Week Content Standard PERFORMANCE TASK Learning Outcomes Learning Activities
Methods
1
Introduction to Course

The Accountant’s R Demonstrate understanding of the changing Identify the Changing  Researching  Quiz
Role of Accounting and Finance in Business Role of Accounting and
Organizations to the process of making Finance in Business  Case Study  Recitation
decision for the company taking in Organizations and the Analysis
consideration the cost and cost behavior. impact on cost  Written exam
management  Field Observation

 Peer Discussion

Cost Accounting: Apply cost accounting as

Information for Decision an important tool for
Making

2
Cost Concepts and Demonstrate skills and capacity to analyze the Identify cost concept  Class Discussion  Quiz
Behavior profit of a certain company based on cost and purpose and its behavior
volume of product and services.  Information  Recitation
The Purpose Inquiry
 Written exam
 Case Study

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

Cost-Volume-Profit Infer the relationship analysis

Analysis existing between cost,  Reaction Paper
volume and profit.
 An analysis
Predict profit based on
cost and volume

Determine the cost based

on the projected profit.

3-5
Job Costing Determine the tasks and the ABC’s of costing Explain the importance of  Thesis Lecture  Quiz
proper costing in the
Job Costing Model finance management of a  Inquiry Based Work  Written exam
firm or company.
 Class Discussion  Recitation

The ABC of Costing Identify the SOP / ABC’s  Chat Room Sessions  An analysis /
of proper costing reaction Paper
 Group Discussion
Ascertain the Advantages  Seatwork :
and Disadvantages of  Benchmarking value- Computation of
ABC added activities direct variaces


Flexible Budgets, Direct Demonstrate understanding on flexible Infer the importance of

Variances, Control budgeting , variance and its control for proper flexible budget in the
account management. management of project”s

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

cost.

6 PRELIMINARIES EXAMINATION
7
Master Budget :
Responsible Accounting
Evaluate a cost
management plan
considering direct
variance and its control.
Demonstrate an insight on the importance of Enumerate the procedure  Web Searching  Quiz
responsible accounting in preparation of the /steps/stages of budget
budget for a firm or company. preparation.  Inquiry Research  Written exam
Method
 A report
Describe the role/task of  Class Discussion
accountant in each stage  Reflection paper
of budget preparation.  Self-Assessment

 Reflective
Devise a specific budget Learning
plan using the discussed
stages.  Interviewing an
expert

Fundamentals of Product Objectively undertand the fundamentals of Explain the basic concept
and Service Cost cost and other important
fundamentals of cost.

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

8 Cost Estimation Demonstrate skills and competence in making Identify the steps of
cost estimation for an specified company with making cost estimation.  Lecture  Written Exam
certain condition.
 Observation  Cost Estimate for
a certain
Estimate the cost for the  Web Searching project / product
given specific product.
 Interviewing Budget
Personnel
Process Costing Model Demonstrate an understanding on the Identify the process
(selective coverage) principles of process costing model. costing  Reflective Learning

Evaluate the models of

process costing model.

Compare and contrast

the different models of
process costing.

9 Fundamentals of Cost Demonstrate understanding on the Identify the elements of  Interactive  Individual or
Management fundamentals and framework of cost manufacturing costs. Discussion Group
management. Exercises
 Lecture-
Framework for Strategic Explain the product flows  SWOT
Cost Management  Group Work Analysis

 Brainstorming  Five Forces

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

Analysis
10-11 Strategic Planning: Demonstrate proficiency in formulating
Operational and Financial operational and fianancial strategically.

1. Budgets Identify clearly the

various considerations
and elements of budget
for the operation of an
enterprise.

2. Long-term financial Formulate a long term

planning (pro- financial plan for a
forma) business firm or
enterprise

3. Product life-cycle Evaluate the product –life

analysis cycle of an enterprise.

Financial Reporting Formulate a financial

report comprising of the
Internal: internal cost and profit of
Cost, an investment centers
Profit
Investment centers

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

12 MIDTERM EXAMINATION
13 - 14 Management Performance Apply standard procedures in evaluating the
Evaluation management performance of an enterprise /
company.

1. Behavioral/Quality Conducts behavioral and  Exposure Trip to  Quiz

Evaluations quality evaluation local business center
 Written work

2. Segment Analysis Apply segment analysis  Lecture  Discussion /

to evaluate the Recitation
managerial performance
of a company  Interactive  Concept Paper
Discussion
 SWOT Analysis
3. Transfer pricing: Explain transfer pricing
benefits/pitfalls benefits to gauge the  Thesis /study  Oral
effectiveness of the Analysis & Presentation
management Discussion
performance.

 Reflective Learning

Cost of Capital Exhibit clear perception on the process of

determining the cost of capital for a current  Cooperative Group
manufacturing environment. Study

1. Risk and Return Identify the differences

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

concepts and similatirities of risk

and return of a business
firm

Evaluating the company

in tems of its risks and
returns.

2. Stock and Bond Explain stock and bond

valuation valuation.

Determine the value of

stock and bond.

3. Financial and Analyze the fianacial

operational leverage leverage and operation
leverage of
manufacturing firm /
company or any business
firm

15 - 16 Capital Budgeting Formulate a capital budgetary plan of a certain

business enterprise

1. Traditional methods Identify and determine

the impact/effectivity of
capital budgeting using

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

traditional method.

2. Discounted cash flow Use discounted cash flow

methods method in making capital
budget

3. Strengths/weaknesses Compare the capital

of capital budgeting budgeting methods in
methods (risk) terms of strength and
weakness ( SWOT
Analysis )

4. Cash flow projections Identify the parts,

elements and
considerations of a cash
flow projection

Formulate a cash flow

projection for a certain
business firm.

17 - 18 Financial Statement Apply analytic reasoning skills in evaluating

Analysis (External) the financial statement to effectively
implement the strategic cost management of a  Concept Mapping  Concept paper
business firms
1. Ratios Determine the proper  Action Learning  Written Report

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

and appropriate ratios of

each component of cost  Oral
and capital budget  Consultation and Presentation of
Discussion the concept
paper
2. Industry comparison Compare the  Cooperative Group
performance status of Study  Reicatation
industry/company/firm
using financial statement

Working Capital
Management

1. Cash management Compare and contrast

cash management and
2. Non-cash working non-cash working capital
capital management management.

Evaluate the effectivity

and feasibility of each
cash management

19 FINAL EXAMINATION

Basic Readings and

References Rayburn, 6th edition, Cost Accounting: Using a Cost Management Approach (selected chapters) Irwin
Publishing 1996.

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

Ross, Westerfield & Jaffe, 4th edition, Corporate Finance (selected chapters) Irwin Publishing 1996.

Online journals and magazines, Wall Street Journal, Barrons', Investor's Business Daily
Course Assessment
Course Requirements/Grading:

Attendance 10%
Recitation/Class Participation 15%
Performance Activities 15%
Quizzes 20%
Midterms/Final Exam 20%
Practical Exam 20%
100%

Preliminary Grade = 25%

Midterm Grade = 35%
Final Grade = 40%
SEMESTRAL GRADE = 100%

Course Policies
Language of Instruction
The language of instruction is English.

Attendance
The school requires that every student to attend all classes regularly. Anyone who incurs 20 % (11 hours) of the
total hours of instruction may be given a failing grade, if majority of absences are unexcused. ( Student Handbook
GSI )

Homework, Written Reports, Reaction Papers and othet performance output

The student are required to submit all the specified and agreed upon output on or before the scheduled

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 GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

submission. These will be part of the course portfolio which must be compilled and be part of the student’s grade
for each semester.

Honor, Dress and Grooming Code

All students are required to attend classes in their prescribed uniform with ID.
Students shall at all time neat, clean and decent in their clothing, orderly, respectful, and courteous in their conduct.
. ( Student Handbook GSI )

All students of GSI are expected to conduct themselves properly, to respect the persons around them and the rights
of their fellow students, faculty members, school administrators, school authorities and employees. Also,
they should preserve human dignity and uphold the good name of the GSI at all times. . ( Student Handbook
GSI )

Committee Cluster Leader:

Members Members:
Consultation Faculty Member :
Schedule Email-address :
Consultation Hours :
Time and Venue :

AY/Term of Prepared by: Checked by: Approved by: Revised by:

Effectivity

2018-2019 / 1st
Semester
Prepared on: Checked on: Approved on: Revised on:

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GRABSUM School Inc.
Candelaria,Quezon 4323 Tel. No. 042 585-8723 / Fax. No. 042 585-9969
TERTIARY EDUCATION DEPARTMENT

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