Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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CO 79: Focus on basic cost information, appropriately computed cost centre wise, system based cost data support for decision making processes. CO 80: Ensure uniformity and maintain cost records as per Generally Accepted Cost Accounting Principles. CO 81: Tabulate the cost information and construct the system thus evolved for gainful operation and use in the strategy making for measuring productivity, profitability, etc. CO 82: Prepare cost audit report in compliance with statutory obligations CO 83: Understand the usefulness of cost audit and interpret for stakeholders view. CO 84: Evaluate the performance of an organization through cost accounting records and cost audit reports. |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self-learning assignments, Effective questions, Giving tasks,
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
• Cost Audit: Meaning, Object, Advantage of cost Audit, Difference between Financial and cost audit, Cost Audit of Material, Labour and Overhead.
• Cost Auditor: Appointment, Rights, Duties and Liabilities of Cost Auditor under the companies Act 2013 , Relationship between statutory financial auditor, Cost Auditor and Internal Auditor.
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SUGGESTED READINGS:
• Cost and management audit: Ramanathan(Tata McGraw Hill)
• Contemporary Auditing: Kamal Gupta(Tata Mc-Graw Hill)
• Auditing Principles And Practice: Ravinder Kumar, Virender Sharma (PHI Learning)
• Auditing: Principle and Practice, S.D Sharma (Taxmann)
e-RESOURCES:
• https://icmai.in/upload/Students/Syllabus2016/Final/Paper-19-August.pdf
• https://egyankosh.ac.in/bitstream/123456789/13796/1/Unit-12.pdf
• https://docplayer.net/7215617-Chapter-30-cost-audit.html
JOURNALS:
• Business Perspectives and Research
• IUP Journal of Accounting Research
• Jindal Journal of Business Research
• Nirma University Journal of Business & Management Studies
• Oorja
• The Chartered Accountant
• The Indian Journal of Commerce