The Objective of this course is to gain knowledge of techniques of Cost Analysis and Cost Control.
Process costing emphasis on inter-process profit and equivalent production
Product and Production Decisions, Make or buy decision,Shut down or continue decision, Expand or contract decision, Export Vs. domestic sale decision etc
Marketing and Pricing Decisions, Theory of price, Pricing policy, New product pricing, Pricing strategies, Export pricing, evaluation of distribution alternatives, pricing of joint-product and Bye-product. Learning Curve Theory.
Transfer Pricing: Problems, methods and concept of transfer pricing with reference to profit centres, Methods of transfer pricing, Objectives of transfer pricing system. Multi-National Transfer Pricing, Cost reduction and Value analysis.
Recent Developments In Cost Management : Manufacturing Resource Planning(MRP), Just In Time(JIT), Backflushing , Synchronous Manufacturing. Value Chain Analysis.
Business Process Re-engineering, Pareto Analysis, Throughput Accounting, Life Cycle Costing, Target Costing, Total Quality Management (TQM)
1. Cost Accounting-Bhabhatosh Banerjee ( World Press P Ltd)
2. Cost Accounting and Cost Control-Oswal, Bidawat and Mangal ( Ramesh Book Depot)
1. Principles and Practice of Cost Accounting (N.K Prasad(Book Syndicate Pvt ltd)
2. Cost Accounting: A Managerial Emphasis-C.T Horn Green (Prentice Hall of India)
3. Cost Audit and Management Audit-J Tikhe(Baglore Chapter of Cost Accountants)
4. Cost Accountig Planning and Control-Mariz A and Usry, M.F