COMA EM-16

COMA EM-16
1yr MBA-Executive 2016-17 T-II

XIMB

COST & MANAGEMENT ACCOUNTING (COMA)

Core Course (Term : II )
Credit: 3
No. of Sessions: 20
Duration: 90 minutes each

Course Advisor: Dr. Manaswee K. Samal, smanaswees@gmail.com, (M): 9437414377

Course Objective:
Reading and understanding cost accounting is one of the best investments a management student can make. This is so, because the success of any business organisation depends on how cost accounting concepts and practices are put to use. The input from this subject will immensely help managers in planning and control. Knowledge of cost accounting always goes to help make better decisions. The decision making emphasis of this subject can be evident from the popular expression: different costs for different purposes. In a sense, cost accounting is a managerial tool for strategy formulation and implementation.

The focus will be on concepts, analysis, uses and procedures. Application of the concepts and procedures will be demonstrated through case based discussion to simulate real world situations. The objectives of this course would be

1. Use of cost information for decision making

2. Use of costing tools for managerial control

Session Details :
Session
Topic
Issues to be Discussed
Minicase/ case
Reading Material
Assignment

1
Introduction

Introduction to value chain and cost in value chain
Decision making process and cost

Chapter 1 of the text book

2 & 3
Cost terms and Concepts

Cost, Types of cost, cost driver, Cost Unit and Cost Center, Cost flow through accounts, use of cost concepts for decisions and control

Chapter 2 of the text book

4, 5 & 6

Marginal Costing

Fixed cost and variable cost- separation, CVP relationship, Marginal costing vs. Absorption costing, BEP, Contribution margin approach, CVP analysis, Multi-product case, Application of CVP analysis in decision making, Assumptions and limitations of CVP analysis.
Case to be announced
Chapter-3 of the text book

7 & 8
Cost Accounting

Cost Accumulation, Assignment-Tracing and allocation, Cost Driver, Inventoriable cost and Period cost, Prime cost, Overheads-Allocation, Departmentalization and absorption, Under and Over absorption, Cost Sheet
Case to be announced
Chapter-15 of the text book, handout
Assignment-1: Case to be given in the class before two days

9 & 10

Decision making and relevant information, Pricing
Relevant cost/Irrelevance, Opportunity cost, Differential cost and decision making, Make or Buy, Accepting orders, Product line, Equipment replacement, Sell or further process
Short run and long run pricing, cost and non-cost factors for pricing

Handout, Chapter-11 & 12 of the text book

11 & 12

ABC
Activity based costing
Case to be announced
Handout
Chapter-5 of the text book
Assignment-2: Case to be given in the class before two days

13, 14 & 15

Process costing, Joint and By-product
Equivalent production, Process costing with opening and closing WIP, FIFO and weighted average method, Normal loss, abnormal loss/gain, joint cost allocation, by-product costing

Chapter- 16 & 17 of the text book

16 & 17

Budgeting and Budgetary control

A tool for Planning and control, Uses and organisation of the budget, Cash budget, Limiting factor, Fixed and Flexible budget, ZBB
Endeavour Twoplies Ltd.
Ritz carlton hotel
Handout
Chapter-6 & 7 of the text book

18, 19 & 20

Standard costing & variance analysis
Need, Limitations of standards, Types of standards, Cost variance analysis: Direct Material and Labour variances, Overhead cost variances,
Customer profitability analysis, Sales variance
Case to be announced
Chapter 7, 8 & 14 of the text book, Handout

Portion for Mid-Term: Till Session 10
Portion for End-Term: All the sessions

Course Evaluation (Total 100 Marks)
It shall be done through term examinations and quizzes. All examinations will be under open book system. The students can carry the prescribed text book only to the examination hall. Weightage for different components is as under.

Evaluation component
Weightage

A. (SURPRISE) QUIZ

30%

B. MID TERM
C. END TERM

30%
40%

Evaluation Pattern

QUIZ: will be objective in nature. Marks secured by the student in all will be added and converted to 30% weighted mark on a scale of 100.

END TERM

Post- MT course will be covered.

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Compulsory readings:
Cost Accounting- A Managerial Emphasis by Horngren, Dattar and Foster

Handout to be given from time to time
Reference Books :
1. Advanced Management Accounting by Kaplan & Attkinson (PHI)
2. Cost management – a strategic emphasis by Blocher, Chen, Cokins and Lin- Mcgraw Hill
3. Readings in Management Accounting by S Mark Young – Prentice Hall
4. Cost Accounting by Vashist and Saxena

Created By: Alora Kar on 07/14/2016 at 10:05 AM
Category: MBA(Exe.)16-T-II Doctype: Document

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