Rongchen Li

Rongchen Li
  • Assistant Professor of Accounting

Contact Information

Teaching

Current Courses

  • ACCT1020 - Strategic Cost Analysis

    Strategic Cost Analysis is the process of analyzing and managing costs in order to improve the strategic position of the business. This goal can be accomplished by having a thorough understanding of which activities and costs support an organization's strategic position and which activities and costs either weaken it or have no impact. Subsequent cost management efforts can then focus on reducing or limiting expenditures on activities that add little or no strategic value, while increasing expenditures on activities that support the strategic position of the organization. Performance can then be evaluated to ensure that the chosen actions are taken, and that these actions are yielding improved strategic performance. Throughout the course, a strategic cost analysis and management framework will be applied across functions and organizations to highlight the cost analysis and performance evaluation methods available to forecast financial performance and improve strategic position.

    ACCT1020006 ( Syllabus )

    ACCT1020007 ( Syllabus )

Past Courses

  • ACCT1020 - Strategic Cost Analysis

    Strategic Cost Analysis is the process of analyzing and managing costs in order to improve the strategic position of the business. This goal can be accomplished by having a thorough understanding of which activities and costs support an organization's strategic position and which activities and costs either weaken it or have no impact. Subsequent cost management efforts can then focus on reducing or limiting expenditures on activities that add little or no strategic value, while increasing expenditures on activities that support the strategic position of the organization. Performance can then be evaluated to ensure that the chosen actions are taken, and that these actions are yielding improved strategic performance. Throughout the course, a strategic cost analysis and management framework will be applied across functions and organizations to highlight the cost analysis and performance evaluation methods available to forecast financial performance and improve strategic position.

In the News

Knowledge @ Wharton

Activity

In the News

How Deportation Policies Impact High-Skilled Worker Wages

Faculty director of the Penn Wharton Budget Model explains how large-scale deportation policies can negatively affect middle-class and high-skilled workers in the U.S.…Read More

Knowledge @ Wharton - 2025/08/8
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