ACCOUNTING FOR DECISION MAKING

Teacher

DR. RUPSA MAHAPATRA

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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 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 6 and 7

cost accumulation

cost allocation

cost absorption

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

Video Link:

https://youtu.be/nOoSMs43gpA

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 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

Our Main Teachers

Dr. Mahapatra is working as an Assistant Professor (Finance) at Centurion University of Technology & Management. She holds a master’s degree in finance from Ravenshaw university. After that she did her Master in Philosophy degree (M.Phil. in Management) from Ravenshaw University. She has also completed her Ph.D. in Commerce from Ravenshaw University. She has more […]