Objectives: The objective of this course is to -
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
Paper Code |
Paper Title |
|||
ATG 424 |
Cost Analysis and Control |
CO 90: Explain the role of cost data in pricing decisions CO 91: Describe some of the techniques and processes that are available to assist managers in planning and controlling organizational activities; CO 92: Analyze the linkage between cost data and systems and the organization of activities and resource flows in a range of manufacturing and service activities CO 93: Evaluate the appropriate method of costing and apply it in real life situations with the help of simple case studies. CO 94: Develop strategies for managing costs
|
Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self learning assignments, Effective questions, Giving tasks, Solving numerical problems |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
Pricing Decisions, 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 coat, strategic pricing of new products: skimming pricing, penetration pricing.
Learning Curve Theory
Transfer Pricing:Utility, methods: market based, Cost based and Negotiation based Transfer pricing, Transfer Pricing Decisions in different Circumstances.
Cost reduction and Value analysis
Statistical and OR application for Cost Control: Decision making certainty- only Inventory model techniques, Decision making under uncertainty and risk, Models for Variance Investigation
Recent Developments In Cost Management :
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 Business Process Re-engineering: 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:Usefullness and application.
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless