COST ANALYSIS AND CONTROL- PRACTICAL

Paper Code: 
DATG 814
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

  Course Outcomes

Learning and teaching strategies

Assessment Strategies

 
 

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

CO 251:Understand the theory of price and its implications, including pricing in recession and below marginal cost. Gain proficiency in utilizing the learning curve theory.

CO 252:Analyze transfer pricing methods, decision-making in diverse circumstances, and apply cost reduction and value analysis techniques.

CO 253: Apply statistical and operations research techniques for cost control, including inventory models, decision-making under uncertainty, and variance investigation models.

CO 254:Gain insights into recent cost management developments, including TQM implementation, JIT prerequisites and impact, and life cycle costing strategies and benefits.

CO 255:Gain knowledge of process innovation, Business Process Re-engineering (BPR), target costing, and Pareto Analysis, and apply them for improved profitability and cost control.

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

Self learning assignments, Effective questions, Seminar presentation, Giving tasks.

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

  

 

12.00
  • Conduct market research to analyze pricing under different market structures.(any one)
  • Evaluate pricing policies and methods (cost-based, competition-based, value-based) through case studies

 

6.00
Unit II: 
UNIT II

Collect data from relevant industries to study and apply the learning curve theory.

Analyze the relationship between cumulative production and unit costs

12.00
Unit III: 
UNIT III
  • Study and compare market-based, cost-based, and negotiation-based methods of transfer pricing.

 

12.00
Unit IV: 
UNIT IV
  • Analyse real-life transfer pricing decisions in different circumstances and industries.

 

12.00
Unit V: 
UNIT V
  • Apply Pareto Analysis in real-life scenarios to identify critical cost factors and prioritize improvement efforts.

 

Essential Readings: 
  • SUGGESTED TEXT BOOKS
  • 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.

 

  • e RESOURCES:

 

References: 

SUGGESTED REFERENCE BOOKS

  • 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
Academic Year: 
2023-2024
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