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Advanced Cost Accounting - Practical [1]

Paper Code: 
25CATG514
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to apply advanced cost accounting techniques to real-world business scenarios, fostering informed decision-making and strategic financial management.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

25CATG514

Advanced Cost Accounting – Practical (Practical)

 

 

CO163: Evaluate Internal reconstruction of companies

CO164: Analyse case related to merger of companies

CO165: Evaluate the case related to liquidation of companies

CO166: Examine the standalone and consolidated financial statements of companies

CO167: Analyse the financial statements of banking companies

CO168: Contribute effectively in course-specific interaction

Approach in teaching:

Interactive Lectures, Discussion, Tutorials,

Reading assignments

& Solving Questions.

 

Learning activities

for the students:

Self learning

assignments, Effective

questions, Seminar

presentation.

  

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

 

6.00
Unit I: 
Operating Costing

• Case study of an organization providing services and application of operating costing.

6.00
Unit II: 
Process Costing

• Case study of an organization engaged in manufacturing consisting of many processes and application of process costing.

6.00
Unit III: 
CVP Analysis

• Case Study on Cost volume Profit Analysis and application of Marginal costing.

6.00
Unit IV: 
Marginal Costing Based Decisions

• Group discussion on decision making under different scenarios

6.00
Unit V: 
Product and Pricing Decisions

• Case study on Product and Pricing Decisions

Essential Readings: 

• Cost Accounting: Jain, Khandelwal & Pareek (Ajmera Book Company), Jaipur
• Advance Cost Accounting: Oswal, Maheshwari, Modi (Ramesh Book Depot)
• Cost Accounting: Jawahar Lal (Tata Mcgraw Hill), New Delhi
• Owswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

References: 

● Cost Accounting: B.M Lall Nigam, I.C. Jain (PHI), New Delhi
• Cost Accounting Theory and Practice: Bhabatosh Banerjee (PHI), New Delhi
• Cost Accounting: Agarwal, Jain, Sharma, Shah and Mangal (Ramesh Book Depot), Jaipur
• Cost Accounting Principles and Practice: M.N. Arora (Vikas Publication), New Delhi
• M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
• Gupta S.P, Management Accounting, Sahitya Bhawan Publications.
e-Resources
● https://devlibrary.in/managerial-and-cost-accounting/ [2]
● https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf [3]
Reference Journal:
● The Indian Journal of Commerce
● FIIB Business Review
● Vikalpa: Journal for Decision Maker

Academic Year: 
2025-2026 [4]

Follow Accounting and Taxation on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/advanced-cost-accounting-practical-2

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/advanced-cost-accounting-practical-2
[2] https://devlibrary.in/managerial-and-cost-accounting/
[3] https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
[4] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026