Executive Master of Business Administration (EMBA)
Batch – 2024-26 (AY 2024-25)
Cost Accounting
Course Instructor(s)
Prof. Prince Doliya, Prof. M Shameem Jawed
Indian Institute of Management Visakhapatnam
Gambheeram Village, Anandapuram Mandal, Visakhapatnam – 531 163
1 I. Course Name: COST ACCOUNTING Program Mission The mission of the EMBA program II. Course Code : FNA002 is to equip working professionals to III. Course Credits: 02 IV. Course Category: Core become strategic partners in the growth of organizations by building V. Course Description: their technical, interpersonal, In order to cope with increasing business competition, organizations leadership and business-oriented must develop realistic and feasible strategies, evaluate objectives in proficiencies. financial terms, and assess performance. To achieve efficiency within Program Learning Goals (PLGs) the organization, it is crucial to consider all expenses as investments, PLG1: Demonstrate technical skills in key functional and allied areas of making spending decisions based on strategic foresight and the potential business management value they can generate. Managers need to analyze decisions from a (Fundamental business knowledge) financial perspective, gain a deeper understanding of resource allocation PLG2: Apply leadership skills that throughout the organization, and utilize cost analysis to strategically are fundamental for guiding organizations towards success. position the organization for successful outcomes. This course use cost (Leadership) management techniques Job and Process costing, Cost-Volume Profit PLG3: Identify business problems analysis, Budgeting and standard Costing etc. to helps you in achieving and provide innovative solutions. (Problem-solving) this objective. PLG4: Formulate effective communication strategies for diverse business context and audience. (Communication)
PLG5: Examine ethical and
sustainability issues to determine their impact on business operations. (Ethics & Sustainability) VI. Prerequisite (if any): NA
VII. Course Learning Objectives:
Upon completion of this course, students should be able to: 1. To explain the use of management accounting information in product costing, planning and control and strategic decision making (PLG 1#, I) 2. To explain basic tools and techniques required for product costing, planning, control and decision making (PLG 3#, R)
2 VIII. Pedagogy: The format of the course is primarily on lectures explaining the conceptual framework demonstrated by solved problems, along with an intermittent case/problem discussion and analysis
IX. Text(s) and Other Resources:
Prescribed Textbook: James Jiambalvo and Padmini Srinivasan, Managerial Accounting, Seventh Edition, Wiley. Reference Textbook(s): Students can also refer to other books to supplement their study: a. Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant (2008), Accounting: Text and Cases, (12th edition), New Delhi: Tata McGraw Hill. b. Charles T. Horngren , Srikant M. Datar and Madhav V. Rajan , Cost Accounting – A Managerial Emplasis (15th edition), Pearson c. Eldenburg and Wolcott, Cost Management: Measuring, Monitoring, and Motivating Performance, Wiley, 2011. d. Pandey, I. M., Management Accounting, Vikas Publications, 2004 Any other materials/ online links: a. A collection of Cases and Readings (one copy per student) b. Additional class handouts (one copy per students in designated sessions)
X. Evaluation Scheme: Evaluation Component Type Weightage Remarks, if any (Individual/Group) Class Participation/Quiz Individual 30% Quiz after 4th and 8th session, Group Project/Case Analysis Group 30% To be submitted before the 10th class End Term Exam Individual 40% XI. Session-wise Course Content:
Number (if any) 1 Introduction to Cost Management - Chapters 1 Concepts 2-5 Product Costing – Job Costing & Seligram, Inc.: Electronic Chapter 2-3 Process Costing Testing Operations 6-7 Activity Based Costing & Strategic Classic Pen Company: Chapter-6 Cost Management Assessing Developing ABC Model Customer Profitability using ABC /Dakota Office Products 8-10 Cost Analysis for Decision Making- Class Handout Chapter 4 Break Even Analysis, Marginal Costing, Differential Costing, Relevant Costing, etc.
3 11-12 Concepts of full and variable Case: VMD Medical Chapter 5&8 Costing, & Imaging Center (9-117-002)/ Cost Analysis for Pricing Decisions Moximed Inc.
13-14 Budgeting, standard costing and Case: Case: Bellaire Clinical Chapters 10, 11 introduction to variance analysis – Labs, Inc.(A) (UV1702)/ & material and labor Danshui Plant 2 (Product #: 913525) 15-16 Group Presentation of Project
Note: The course outline provided above is indicative and may be subject to adjustments by the faculty based on class progress and flow. The faculty reserves the right to introduce additional concepts, cases, and readings or modify the existing content to enhance the learning experience of the overall class to meet the intended learning objectives of the course.
XII. Attendance Policy:
Students are expected to adhere to the EMBA Attendance Policy as outlined in the EMBA Student Handbook.
XIII. Academic Honesty Policy:
Indian Institute of Management Visakhapatnam attaches utmost importance to integrity and honesty in academic work by the students. Academic dishonesty in any form, however minor, will lead to severe penalties, including expulsion. Unless otherwise specified by the faculty concerned, students must not collaborate with each other in any way in so far as their writing effort is concerned in connection to any individual assignment. In other words, the answer should be the independent work of each student. Students are advised, in their own interest, not to communicate their written analysis or answers to other students. They are also advised not to pass on their exam answer papers and written assignments to the next batch or seek such material from their seniors. Copying from previous years' assignments or from any other sources is prohibited. Plagiarism, as per Collins Dictionary, is defined as the practice of using someone else's work and pretending it to be your own. The institute views plagiarism as an illegal and serious offence and has a zero-tolerance policy towards the same. It is therefore requested not to copy any information, work, ideas, and other work that leads to plagiarism. Any allegation of plagiarism can lead to suspension or expulsion of the student from the Program, depending on the decision of the EMBA Committee/ Academic Council of the Institute. To avoid these consequences, it is informed that students make use of adequate tools (as available with EMBA Office) to detect amount of web contents, previously submitted papers and subscription-based journals and publications and adhere to proper referencing mechanisms. Students are required to maintain clear referencing of quoted sources in all their reports submissions. Intentionally using or attempting to use unauthorized information such as books, notes, study aids, or other electronic, online, or digital devices in any academic exercise/evaluation; as well as unauthorized communication of information by any means to or from others during any academic exercise/evaluation, or fabrication and falsification of any information will be considered as violations of Academic Honesty. Instructors should outline their expectations that may go beyond the scope of this policy at the beginning of each course and identify such expectations and restrictions in the course syllabus. When an instructor receives
4 evidence, either directly or indirectly, of academic dishonesty, he or she should investigate the instance. The faculty member should then take appropriate disciplinary action and bring the matter to the notice of EMBA office. Additional references: To be provided by the course instructor in the class.
XIV. About the Instructor(s):
a. Dr. Prince Doliya has been awarded a Ph.D. in Accounting & Finance from the Department of Management Studies, Indian Institute of Technology (IIT) Roorkee. His doctoral work investigates auditing issues in International Financial Reporting Standards (IFRS). Prior to this, He received his MBA from the National Institute of Technology, Kurukshetra, majoring in Finance. Before joining IIMV, he worked at T.A. Pai Management Institute, Manipal, as an Assistant Professor. His research interests are International Financial Reporting Standards, Decision making in Accounting & Auditing, and the interplay between Accounting and Entrepreneurship.
For More Details: https://www.iimv.ac.in/faculty/profile/prince-doliya
b. Prof. Shameem is an Assistant Professor at the IIM Visakhapatnam in the Finance & Accounting Area and Chair-MGNF, Chair - DIWE Sri Lanka, Chair Entrepreneurship Development at IIM Visakhapatnam and Director & COO at IIMV FIELD. He is a Fellow (PhD) in Finance & Accounting Area from IIM Indore. Prior to joining IIMV, he was associated with MDI. He has also worked at SunGard Financial Systems (now FIS) for over five years as consultant. His teaching and research interests lie in the fields of Financial Analytics, Corporate Finance, Capital Market Regulation & Governance, Market Liquidity, Efficiency & Behavioral Finance, Equity & Startup Financing, and Cost Management. For More Details: https://iimv.ac.in/faculty/full-time-faculty/56-faculty-profile/93-mohammad- shameem-jawed#research-publications
