ACCOUNTING FOR DECISION MAKING

COURSE : ACCOUNTING FOR DECISION MAKING

PAPER CODE: 304 (PGDFM)

COURSE OBJECTIVE

• Facilitate students to understand the basic of cost accounting
• This course aims to provide knowledge about classifying, recording the expenditure for determining the costs of products or services
• It also helps in the presentation of arranged data for the control purposes and guidance to the management.

COURSE OUTCOME

CO1: Evaluate critically and understand the concept of Cost accounting and apply it to real life events/transactions for determining the per unit cost of product or service and preparing the cost sheet.

CO2: Evaluate and identify the specifics of different costing methods, BEP and ABC

SYLLABUS

• Introduction to Cost Concepts
• Cost Sheet
• Job and Batch Costing
• Cost Accumulation, allocation and absorption
• Activity based costing and Management
• Budgeting
• Variance Analysis
• Break even analysis
• Relevant Cost
• Revision(Comprehensive Case)

Books recommended:

1. Banerjee, Cost Accounting, PHI
2. Jawahar Lal & Seema Srivastava, Cost Accounting, TMH

session-1

INTRODUCTION TO COST ACCOUNTING

file:///C:/Users/CUTM/Downloads/INTRODUCTION%20TO%20COST%20ACCOUNTING.pdf

Video Link: https://youtu.be/4vEBtMxkGIo

session-2

classification of cost

file:///C:/Users/CUTM/Downloads/Classification%20of%20Cost.pdf

Video Link: https://youtu.be/M1Mz-pCFBD8

https://youtu.be/r0awshiyehU

session 3 and 4

COST SHEET

what is cost sheet?

how to prepare cost sheet?

need of preparing cost sheet.

practical questions to be solved.

file:///C:/Users/CUTM/Downloads/Cost%20Sheet.pdf

Video Link:https://youtu.be/vaKCZ5sbpp4

https://youtu.be/UFBaj6AHjHQ

https://youtu.be/zyh4CtMTMis

session-5

Types of Costing

Job costing

batch costing

file:///C:/Users/CUTM/Downloads/Costing%20types.pdf

Video Links: https://youtu.be/YM6O8ZIlZRY

https://youtu.be/YZgSqZMV7qU

session 6 and 7

cost accumulation

cost allocation

cost absorption

file:///C:/Users/CUTM/Downloads/overheads.pdf

Video Link:

https://youtu.be/nOoSMs43gpA

session-8

cost concept

file:///C:/Users/CUTM/Downloads/Cost%20Concept.pdf

video link: https://youtu.be/r0awshiyehU

Session-9

Activity based costing

file:///C:/Users/CUTM/Downloads/activity%20based%20costing.pdf

Video Link: https://youtu.be/ivlI0HvUPQo

session-10 and 11

budgeting

file:///C:/Users/CUTM/Downloads/Budgeting.pdf

Video Link: https://youtu.be/xwyqyBXOnOU

session 12 and 13

what cost volume profit analysis?

practical questions

file:///C:/Users/CUTM/Downloads/Introduction%20%20to%20CVP%20Analysis.pdf

Video link: https://youtu.be/LDEyu1TR0Rs

session 14 and 15

Break even analysis

file:///C:/Users/CUTM/Downloads/Break%20Even%20Analysis.pdf

Video Links: https://youtu.be/r8BIz5I-aDc

https://youtu.be/XZ0riJeipw4

session 16 and 17

Marginal costing with some practical questions

file:///C:/Users/CUTM/Downloads/Break%20Even%20Analysis.pdf

Video Link: https://youtu.be/W-GEZAthjCk

Session 18 and 19

Relevant cost

file:///C:/Users/CUTM/Downloads/Relevant%20Cost.pdf

Video Link: https://youtu.be/8DL-DtELEmI

Session 20

projects discussion (regarding preparation of cost sheet)

Topic will be assigned to students and frame work will be given.

Video Link: https://youtu.be/qHaYPvlEpmQ

MCQ:1  https://docs.google.com/forms/d/e/1FAIpQLSeovDSqxNF9UfZF8A6sfcyFksjIctIujnd68W8VE-eAHEUOFw/viewform?usp=sf_link

MCQ:2

https://docs.google.com/forms/d/e/1FAIpQLSdVNY6Z6g9yzFr1runjZ2b-kt6nCdVgdBvRdycJMiRmy1YuYw/viewform?usp=sf_link