ADVANCED COST ACCOUNTING – PRACTICAL

Paper Code: 
DATG 512 (A)
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO 146: Apply the concept of service costing to determine the cost and profit in a service industry.

CO 147:  Understand the concept of process and flow of accounts from one process to another and apply the concept to find out the profit or loss.

CO 148:Apply the concept of marginal costing and take various managerial decisions.

CO149: Demonstrate knowledge on how to take managerial decisions related to product and pricing.

CO 150: Assess methods to assess product and pricing decisions

Discussion, Tutorials,

Reading assignments,

demonstration

 

Class test, Semester end

examinations, Quiz,

Solving problems in

tutorials, Assignments,

Presentation, Individual

and group projects.

 

6.00

Case study of an organization providing services and application of operating costing.

6.00

Case study of an organization engaged in manufacturing consisting of many processes and application of process costing.

6.00

Case Study on Cost volume Profit Analysis and application of Marginal costing.

6.00

Group discussion on decision making under different scenarios

6.00

Case study on Product and Pricing Decsions

Essential Readings: 

• Cost Accounting: Jain, Khandelwal & Pareek (Ajmera Book Company), Jaipur
• Advance Cost Accounting: Oswal, Maheshwari, Modi (Ramesh Book Depot)
• Cost Accounting: JawaharLal (Tata Mcgraw Hill), New Delhi
• Owswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

References: 

SUGGESTED REFERENCE BOOKS:
• Cost Accounting: B.M Lall Nigam, I.C. Jain (PHI), New Delhi
• Cost Accounting Theory and Practice: Bhabatosh Banerjee (PHI), New Delhi
• Cost Accounting: Agarwal, Jain, Sharma, Shah and Mangal (Ramesh Book Depot), Jaipur
• Cost Accounting Principles and Practice: M.N. Arora (Vikas Publication), New Delhi
• M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
• Gupta S.P, Management Accounting, Sahitya Bhawan Publications.
E-RESOURCES:
• https://devlibrary.in/managerial-and-cost-accounting/
• https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
REFERENCE JOURNAL:
• The Indian Journal of Commerce
• FIIB Business Review
• Vikalpa: Journal for Decision Maker

Academic Year: 
2023-2024
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