Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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CO 109: Describe some of the techniques and processes that are available to assist managers in planning and controlling organizational activities; CO 110:Analyze the processes involved in identifying, measuring, analyzing, interpreting and communicating information to managers in pursuit of the organization’s goals; CO 111: Explain the role of cost information in organizations; CO 112: 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 113: Apply appropriate cost allocation techniques to a variety of costing variety of costing problems; CO 114: 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,
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
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• 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.
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• 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.
• Value chain analysis: Concept,value chain linkages; Internal linkages; Supplier linkages; Customer linkages; Role of value-chain in decision analysis.
· Kaizen Costing: Meaning, Target costing v/s kaizen costing, Benchmarking, Types , pre- requisites and steps of benchmarking, |
Pricing Strategies/ Decisions : Theory & Principles of Product Pricing, Pricing – New Product, Finished Products & Pricing of Services, Sensitivity Analysis in Pricing Decisions ,Pricing Decision under Special Circumstances , Pricing Strategies
• Strategic Cost Management : Lal, Jawahar (Himalaya Publishing House.)
• Cost Management: Strategies for Business Decisions : Hilton,RonaldW.,Maher, Michael W. & Selto, Frank A. (McGraw Hill Irwin.)
• Strategic Cost Management :Shank, John K. &Govindarajan, Vijay.(The Free Press)
SUGGESTED READINGS:
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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