Strategic Cost Management seeks to provide specialization-level knowledge to students on the role of the management accounting in complex modern industrial organizations. The course includes the discussion of activity-based costing, absorption and variable costing, cost-volume-profit analysis, short-term decisions, operational budgeting, capital budgeting and responsibility accounting and transfer pricing.

This course involves an intensive study of the Bureau of Internal Revenue rulings of business and transfer taxes systems, including preferential taxes. The relationship between the three taxation system: business taxes, transfer taxes and the income tax are emphasized. The policy underpinnings of wealth transfer taxation, and the reasons for the recent erosion in its political support, will be explored. The taxation under the government, tariffs and codes are also discussed. Topics include excise tax, Value Added Tax, Percentage Tax, Estate Tax and Donor's Tax.