Cost Analysis & Control

Paper Code: 
ATG-424
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

The Objective of this course is to gain knowledge of techniques of Cost Analysis and Cost Control.

18.00
Unit I: 

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

18.00
Unit II: 

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.

18.00
Unit III: 

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.

18.00
Unit IV: 

Recent Developments In Cost Management : Manufacturing Resource Planning(MRP), Just In Time(JIT), Backflushing , Synchronous Manufacturing. Value Chain Analysis.

18.00

Business Process Re-engineering, Pareto Analysis, Throughput Accounting, Life Cycle Costing, Target Costing, Total Quality Management (TQM)

Essential Readings: 

1. Cost Accounting-Bhabhatosh Banerjee ( World Press P Ltd)

2. Cost Accounting and Cost Control-Oswal, Bidawat and Mangal ( Ramesh Book Depot)

References: 

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

Academic Year: