Financial – Cost and Management Accounting – Subject Update Articles

                                      Narayana Rao K.V.S.S. on Cover Page of Business Today 

October 22 – November 6, 1997


Bain and Company


Save-to-transform as a catalyst for embracing digital disruption
Deloitte’s 2019 Global Cost Survey
Cost-management remains a strong imperative around the world.

Strategic Cost Transformation – Capgemini

Manufacturing cost transformation

Our client, which primarily serves coal power generators, faced a unique set of market challenges driven by fossil fuel price and regulatory uncertainty:

Cost Transformation

We help you embark on major cost reduction—without losing focus on profitable growth.

IBM: Cost transformation for the digital era

In the new digital era, the classical dichotomy of grow and invest, or reduce costs has changed and it’s no longer an either/or choice. Organizations have new opportunities to identify cost take-out, rethink operational efficiency and fund growth from the inside out.

How do you take your enterprise cost reduction strategy from alienating to engaging?

February 5, 2019

IMA Releases Enhanced Management Accounting Competency Framework for Professionals in the Digital Age

IMA® (Institute of Management Accountants) has released its enhanced Management Accounting Competency Framework. The updated Framework reflects the skills management accountants will need to remain relevant and be future-ready.

IMA Management Accounting Competency Framework 

Strategy, Planning & Performance
The competencies required to envision the future, lead the strategic planning process, guide decisions, manage risk, and monitor performance.

Reporting & Control
The competencies required to measure and report an organization’s performance in compliance with relevant standards and regulations.

Technology & Analytics
The competencies required to manage technology and analyze data to enhance organizational success.

Business Acumen & Operations
The competencies required to contribute as a cross-functional business partner to transform company-wide operations.

The competencies required to collaborate with others and inspire teams to achieve organizational goals.

Professional Ethics & Values
The competencies required to demonstrate the professional values, ethical behavior, and legal compliance essential to a sustainable business model.
Download full framework from


Strategic Cost Transformation

by Dr. Reginald Tomas Lee
Publisher: Business Expert Press
Release Date: December 2018

Virtual Issue on Empirical Management Accounting Research

Journal of Accounting Research, August 2018
Margaret A. Abernethy
University of Melbourne, Department of Accounting
Dennis Campbell
Harvard University – Accounting & Control Unit

Review of empirical papers published in JAR over the past 10 years examining management accounting and control systems in organizational contexts that are complex, ambiguous and where performance is difficult to measure. These papers use a variety of newer economic models of organization culture, relational contracts and related theories from sociology and psychology to provide a direction to management accounting.


Cost Transformation Model of CGMA

Cost Transformation – Tata Steel Europe Case Study


May 2014
Corporate and Integrated Reporting
HBS working paper

Jan 2014
Environmental Accounting – ACCA


How to Cut Cost Strategically

Harvard Business Review
Published on 22 Sep 2009
Cesare Mainardi, managing director of Booz & Company, details how executives should cut costs–but often dont.



Effective Management of Future Costs through New Product Target Costing

Effective cost management must start at the design stage. As much as 90-95% of a product’s costs are added in the design process. That is why effective cost management programs focus on design and manufacturing. The primary cost management method to control cost during design is a combination of target costing and value engineering.
Target Costing and Value Engineering – Robin Cooper – 1997
Value Analysis and Engineering – Online Book

Financial, Cost and Management Accounting – Review Notes List

Updated on 28 July 2019,  29 May 2019,  10 December 2015