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    Course Curriculum

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    Kashish agarwal

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    © All Rights Reserved
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    Course Curriculum

    Uploaded by

    Kashish agarwal
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    CourseCurriculum

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    Course Curriculum

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    Kashish agarwal

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    Course Curriculam

    Course Code: ACCT611 Credit Units L T P/S SW AS/DS FW No. of PSDA Total Credit Unit
    Course Level PG 2 0 0 2 0 0 0 3
    Cost and Management Accounting for
    Course Title
    Decision Making
    To develop an understanding of basic elements of cost and its classification, allocation and how the costing techniques are useful in the
    Course process of managerial decision-making. To expose the students to the latest techniques to facilitate the process of decision making in
    Description : today’s dynamic business world.

    Course Objectives :

    SN
    Objectives
    .
    To develop an understanding of basic elements of cost and its classification, allocation and how the costing techniques are useful in the process of
    1 managerial decision-making. To expose the students to the latest techniques to facilitate the process of decision making in today’s dynamic business
    world.

    Pre-Requisites : General

    Course Contents / Syllabus :

    SN. Module Descriptors / Topics Weightage


    Module I :
    Cost concepts and cost object, cost classification, cost organization and its relationship with other departments.
    Cost
    Elements of cost and cost determination: Cost accounting records — Cost Sheet, cost ledgers, reconciliation of cost
    Accounting &
    and financial accounts. Role of Cost Accounting in decision making. Management Accounting- Objective, Nature
    1 Management 20.00
    ,Scope, Tools and Techniques, Difference between Financial Accounting and Cost Accounting, Difference between
    Accounting–
    Financial Accounting and Management Accounting, Difference between Cost Accounting and Management
    Introduction
    Accounting
    & Elements
    Process Costing , General Principles of Process Costing , Features of Process Costing, Applications of Process
    Module II : Costing, Advantages and Limitations of Process Costing, Accounting for Element of Cost, Cost of Process, Process
    Process Losses, treatment of normal and abnormal losses and gains, valuation of work-in-progress using first-in – first-out
    2 Costing & and average methods (equivalent production), inter-process transfer and pricing, concepts and accounting for joint 25.00
    Costing products, byproducts, waste, scrap, spoilage and defectives, research and development expenses. Costing and
    Methods accounting systems - activity based costing, customer profitability analysis; direct product profitability; just-in-time
    and back flush accounting; Target costing; life cycle costing, parametric cost control.
    Module III : Service or operating costing — unit costing and multiple costing, application, identification of cost unit and cost
    3 Specialized determination and control; Uniform costing, Inter-firm comparison, cost reduction, value analysis/engineering 20.00
    Costing including value management.
    Module IV:
    Cost Analysis
    for Planning, Cost-Volume-Profit Analysis, Using CVP analysis for decision making (Short run and Long Run), CVP analysis in
    4 20.00
    Control & Service and Non-Profit Organizations. Pricing decisions and Cost Management
    Decision
    making
    Module V:
    Variance Analysis – Material and Labour, Responsibility Accounting- Meaning & Definitions, Requirements of
    5 Cost Control 15.00
    responsibility accounting, Benefits, Limitations, Responsibility centres, Transfer Pricing
    Techniques

    Course Learning Outcomes :


    SN. Course Learning Outcomes
    1 • Understanding of Cost Concepts and Cost Behaviour
    2 • Practical approach towards Cost Planning, Control and Decision making processes
    3 • Case solving abilities and interpretation skills.
    4 • Understanding of Data as per the need of situation and necessary

    Pedagogy for Course Delivery :

    SN. Pedagogy Methods


    The course is covered by adopting a combination of lecture & Case Study methods. Class presentation by groups of students and Case Study
    1 workshops are basic requirement of this course. Each student is required to do the back ground reading from the specified chapters of the
    prescribed book before coming to class.

    Theory /VAC / Architecture Assessment (L,T & Self Work): 100.00 Max : 100

    Attendance+CE+EE : 5+35+60

    SN. Type Component Name Marks


    1 Attendance 5.00
    2 End Term Examination (OMR) 60.00
    3 Internal CLASS TEST 15.00
    4 Internal PROJECT 10.00
    5 Internal CASE DISCUSSION 10.00

    Lab/ Practical/ Studio/Arch. Studio/ Field Work Assessment : 0.00 Max : 100

    N/A

    List of Professional skill development activities :

    No.of PSDA : 3
    SN. PSDA Point
    1 Project on Service or Operating Costing
    2 Case study analysis on responsibility centers
    3 Case study analysis on activity base costing

    Text & References :

    SN. Type Title/Name Description ISBN/ URL


    Horgren, Datar, Foster, Rajan, Ittner, Cost
    1 Book Accounting- A Managerial Emphasis, 9780136063803
    Prentice Hall

    2 Book Jain, S.P. & Narang, K.L., Cost Accounting- 978-81-7096-028-7


    Principles and Practice, Kalyani Publishers
    • Khan,M.Y. & Jain P.K. (2012), Cost
    3 Book 0070402248
    Accounting, Tata McGraw Hill
    ? J. Lewis Brown, Leslie R. Howard,
    4 Book Managerial Accounting and Finance,
    Machonald & Evans Ltd., Londo
    ? Davidson, Maher, Stickney, Weil,
    5 Book Managerial Accounting, Holt-Sounders
    International Editions, New
    ? Nigam and Sharma, Advanced Cost
    6 Book Accounting, Himalaya Publishing House,
    Bombay.
    ? Arora, M.N., A Textbook of Cost and
    7 Book
    Management Accounting, 12th Edition
    ? CA & Dr. P C Tulsian & CA Bharat
    8 Book Tulsian, Cost Accounting with Quick
    Revision (For CA-IPC, Group-I
    ? Dr. M.B.Shukla,Cost and Management
    9 Book
    Accounting, Edition First, 2017

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