Coming soon
Cost Accounting for Managerial Decisions
The course aims to provide the skills to identify the cost centers and learn to analyze and manage these cost centers, so as to exercise effective cost control in the organization, thereby increasing its the overall profitability
Contract Costing: contract accounting, Methods of determining contract price, Escalation clause, Profit on incomplete contracts and different Types of problems related to contract.
Service Costing (Operating Costing) : Meaning of Service cost, Service costing in case of Transporters, Canteens and Hotels
Process costing: Meaning of Process costing, Procedure and Treatment of Normal and Abnormal Loss and Abnormal Gains, Inter process Profit. Joint and By Products: Meaning and definition of Joint and By Product, Treatment of By products, Apportionment of Joint costs
Cost volume Profit Analysis (Marginal Costing): Meaning, Significance and Limitations, Break even Analysis, Profit volume Ratio, Assumptions of Cost volume Profit Analysis, Break even Point, Indifference Point, Decisions based on Marginal Costing like Make or Buy, Own or Lease, Shut down or Continue
Standard Costing: Meaning, Significance and Limitation, Types of Standards and variances pertaining to Material & Labour.
Case Studies
Essential Reading:
1. Duncan Williamson, Cost and Management Accounting, PHI, New Delhi
2. Colin Drury, Management and Cost Accounting, Taxmann, New Delhi
3. Jawahar Lal, Cost Accounting, Tata Mcgraw Hill, New Delhi
4. M.N. Arora, Cost Accounting Principles and Practice, ikas Publication, New Delhi
5. B.M Lall Nigam, I.C. Jain, Cost Accounting, PHI, New Delhi
6. Bhabatosh Banerjee, Cost Accounting Theory and Practice, PHI, New Delhi
7. Agarwal, Jain, Sharma, Shah and Mangal, Cost Accounting, Ramesh Book Depot, Jaipur
8. Jain, Khandelwal & Pareek, Cost Accounting, Ajmera Book Depot, Jaipur
