Coming soon
Cost Analysis and Control
This course will enable the students to develop skills in analyzing costs and implementing effective control measures to optimize financial performance.
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Assessment Strategies |
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24DATG813 |
Cost Analysis and Control (Theory) |
CO295: Demonstrate and Understand the theory of price and its implications, including pricing in recession and below marginal cost. Gain proficiency in utilizing the learning curve theory. CO296: Analyze transfer pricing methods, decision-making in diverse circumstances, and apply cost reduction and value analysis techniques. CO297: Apply statistical and operations research techniques for cost control, including inventory models, decision-making under uncertainty, and variance investigation models. CO298: Gain insights into recent cost management developments, including TQM implementation, JIT prerequisites and impact, and life cycle costing strategies and benefits. CO299: Gain knowledge of process innovation, Business Process Re-engineering (BPR), target costing, and Pareto Analysis, and apply them for improved profitability and cost control. CO300: Contribute effectively in course-specific interaction |
Approach in teaching: Interactive Lectures, Discussions, Tutorials Problem solving sessions, Presentations.
Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions.
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Continuous Assessment Test, Semester end Examinations, Quiz, Solving Numerical problems, Assignments, Class Presentations, Individual & group projects. |
• Theory of price, Pricing under different market structures
● Pricing policy
● Pricing methods: Cost based, Competition Based, Value Based
● Pricing in period of recession, pricing below marginal cost
● Strategic pricing of new products: skimming pricing, penetration pricing.
● Learning Curve Theory
● Utility
● Methods: market based, Cost based and Negotiation based Transfer pricing
● Transfer Pricing Decisions in different Circumstances.
● Cost reduction and Value analysis
● Decision making under certainty - only Inventory model techniques
● Decision making under uncertainty and risk
● Models for Variance Investigation
Total Quality Management(TQM)
● Six C’s of TQM, Implementation of TQM,
● Criticism of TQM,
● Just In Time(JIT)
● Essential Pre-requisites of JIT system,
● Impact, Performance measurement,
● Back-flushing in JIT system.
● Life cycle costing
● Product life cycle, life cycle characteristics,
● strategies, benefits, uses.
Process Innovation and BPR
● Process innovation, Principles of BPR,
● Main stages, difference between BPR and PI
● Target Costing
● Advantages, main features,
● Components of target costing system, problems with target costing,
● Impact on profitability, target costing control points,
● Implementation of target costing system.
● Pareto Analysis: Usefulness and application
● Jain, Khandelwal & Pareek, Cost Accounting Ajmera Book Company, Jaipur
● Agarwal, Jain, Sharma, Shah & Mangal, Cost Accounting Ramesh Book Depot, Albright, S. C., Winston, W. L., & Zappe, C. (2019). Data Analysis and Decision Making (6th ed.). Cengage Learning.
● Arora, M.N.,Cost Accounting Principles and Practice, Vikas Publication, New Delhi
● Kishore R.M.., Cost Accounting Taxmann’s New Delhi
● Nigam, B.M Lal,& Jain, I.C. , Cost Accounting PHI, New Delhi
● Maheshwari, S.N, Cost Accounting Mahavir Publication
● JawaharLal, Cost Accounting Tata Mcgraw Hill, New Delhi
● Madegowda. J. Cost Accounting Himalaya Publishing House
e-Resources:
● https://devlibrary.in/manager ial and cost accounting/
● https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
● https://books.google.com/books/about/Cost_Accounting_Text_and_Problems.h...
Reference Journals:
● The Indian Journal of Commerce
● FIIB Business Review
