Cost Accounting - Practical

Paper Code: 
25CATG412
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to develop an understanding about the application of cost accounting concepts and procedures.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

25CATG

412

Cost Accounting-Practical

(Practical)

CO115: Examine the items of expenditure to identify the different types of cost in a manufacturing unit in a particular company.

CO116: Evaluate the method used in computing labour cost  and justify wage rate system in a company.

CO117: Analyze the overheads for its proper apportionment, allocation and absorption in a company through discussion

CO118: Create cost sheet for effectively ascertaining the cost of products using Unit costing method for a specific company.

CO119: Analyze different types of cost related to contracts and be able to compute the Cost of construction contracts in a construction company.

CO120: Contribute effectively in course-specific interaction

Approach in teaching:

Interactive Lectures,

Discussion, Tutorials,

Reading assignments; Solving Questions.

 

Learning activities

for the students:

Self-learning assignments, Effective questions, Seminar presentation.

  

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

 

6.00

Material Costing :
● Case study of an organization on the usage of material.

6.00

Labour Costing:
● Case study on the different methods of valuation of labour cost.

6.00

Overheads:
● Group discussion on different methods of overhead valuation.

6.00

Cost Sheet:
● Preparation of cost sheet based on selected companies.

6.00

Contract Costing:
● 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: Jawahar Lal (Tata Mcgraw Hill), New Delhi
● Owswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

References: 

Suggested Readings:
● 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 Journals:
● The Indian Journal of Commerce
● FIIB Business Review
● Vikalpa: Journal for Decision Makers

Academic Year: 
2025-2026
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