COST ACCOUNTING- PRACTICAL

Paper Code: 
CATG 412
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

CO 96: Examine the items of expenditure to identify the different types of cost in a manufacturing unit. 

CO 97: Evaluate the material cost and labour cost  and justify the use of various inventory control methods and wage rate system

CO 98:Analyze the overheads for its proper  apportionment, allocation and absorption 

CO 99: Create cost sheet for effectively ascertaining the cost of products using Unit costing method.

CO100:Analyse different types of cost related to contracts and be able to compute the Cost of construction contracts

Interactive Lectures, Discussion, Tutorials, Reading assignments & Solving Questions.

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group Projects

 

6.00
Unit I: 
Case study of an organization on the usage of material.
6.00
Unit II: 
Case study on the different methods of valuation of labour cost.
6.00
Unit III: 
Group discussion on different methods of overhead valuation.
6.00
Unit IV: 
Preparation of cost sheet based on selected companies.
6.00
Unit V: 
Case study on contract costing.
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 Makers

Academic Year: 
2023-2024
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