Course Outcome |
Learning and teaching strategies |
Assessment Strategies |
---|---|---|
On completion of this course, the students will be able to: CO 221: Identifythe different types of cost CO 222: Evaluate alternatives by applying marginal cost analysis CO 223: Formulate various types of budget CO 224: Assess the components the Working Capital. CO 225: Measure performance of organizations by applying various techniques |
Approach in teaching: Class lectures, Tutorials, Group discussions case studies |
Class test, Semester end examinations, Quiz, Assignments, Presentation |
Measurement concepts of cost · Cost behavior and cost objects · Actual and normal costs · Standard costs · Absorption (full) costing Variable (direct) costing |
Variable (direct) costing
Cost/volume/profit analysis · Breakeven analysis - Profit performance and alternative operating levels,Analysis of multiple products. Marginal analysis -Opportunity costs, Sunk costs ,Marginal costs and marginal revenue , Special orders and pricing , Make vs. buy, Sell or process further, Add or drop a segment, Capacity consideration |
Budgetary Control · Concept of budget, budgeting and budgetary control · Role of budgetary control in research · Performance report, revision of budgets · Performance budgeting, programme budgeting and rolling system.
Preparation of cash budget, master budget, fixed budget, flexible budget, production budget, sales budget, functional budget etc. |
Preparation of cash budget, master budget, fixed budget, flexible budget, production budget, sales budget, functional budget etc.
Working Capital Management · Working capital terminology · Cash management · Accounts receivable management · Inventory management Types of short-term credit, Short-term credit management |
Performance Measurement · Responsibility Accounting: Concept, Significance, Different Responsibility Centres · Divisional Performance Measurement: Financial and Non-Financial measures Transfer pricing |
SUGGESTED TEXT BOOKS:
e RESOURCES:
REFERENCE JOURNALS:
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.
SUGGESTED REFERENCE BOOKS: