COST ANALYSIS AND CONTROL- PRACTICAL

Paper Code: 
DATG 804
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

  Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO 201: Understand the theory of price and its implications, including pricing in recession and below marginal cost. Gain proficiency in utilizing the learning curve theory.

CO 202: Analyze transfer pricing methods, decision-making in diverse circumstances, and apply cost reduction and value analysis techniques.

CO 203: Apply statistical and operations research techniques for cost control, including inventory models, decision-making under uncertainty, and variance investigation models.

CO 204: Gain insights into recent cost management developments, including TQM implementation, JIT prerequisites and impact, and life cycle costing strategies and benefits.

CO 205: Gain knowledge of process innovation, Business Process Re-engineering (BPR), target costing, and Pareto Analysis, and apply them for improved profitability and cost control.

Interactive Lectures, Discussion, Tutorials, Reading assignments & Solving Questions.

Self learning assignments, Effective questions, Seminar presentation, Giving tasks.

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group Projects

 

6.00
Unit I: 

• Conduct market research to analyze pricing under different market structures.(any one)
• Evaluate pricing policies and methods (cost-based, competition-based, value-based) through case studies

6.00
Unit II: 

• Collect data from relevant industries to study and apply the learning curve theory.
• Analyze the relationship between cumulative production and unit costs

6.00
Unit III: 

• Study and compare market-based, cost-based, and negotiation-based methods of transfer pricing.

6.00
Unit IV: 

• Analyse real-life transfer pricing decisions in different circumstances and industries.

6.00
Unit V: 

• Apply Pareto Analysis in real-life scenarios to identify critical cost factors and prioritize improvement efforts.

Essential Readings: 

• Jain, Khandelwal &Pareek, Cost Accounting Ajmera Book Company, Jaipur
• Agarwal, Jain, Sharma, Shah & Mangal, Cost Accounting Ramesh Book Depot, Albright, S. C., Winston, W. L., & Zappe, C. (2019). Data Analysis and Decision Making (6th ed.). Cengage Learning.

References: 

• Arora, M.N.,Cost Accounting Principles and Practice, Vikas Publication, New Delhi
• Kishore R.M.., Cost Accounting Taxmann’s New Delhi
• Nigam, B.M Lal,& Jain, I.C. , Cost Accounting PHI, New Delhi
• Maheshwari, S.N, Cost Accounting Mahavir Publication
• JawaharLal, Cost Accounting Tata Mcgraw Hill, New Delhi
• Madegowda. J. Cost Accounting Himalaya Publishing House

e RESOURCES:
• https://devlibrary.in/manager ial and cost accounting/
• https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
• https://books.google.com/books/about/Cost_Accounting_Text_and_Problems.h...

REFERENCE JOURNALS:
• The Indian Journal of Commerce
• FIIB Business Review

Academic Year: 
2023-2024
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