COMA-EMBA-18

COMA-EMBA-18
MBA(Exe.) 2018-19: Term-II

Course Name : Cost and Management Accounting

Credits	3
Faculty Name	CA. VINEET PATNAIK
Program	EMBA
Academic Year and Term	2018-2019 II

1. Course Description

Reading and understanding cost accounting because the success of any business organization depends on how cost accounting concepts and practices are put to use. Knowledge of cost accounting always goes to help make better decisions. In a sense cost accounting is a managerial tool for strategy formulation and implementation.

2. Student Learning Outcomes (typically 3-5 bullet points)

· Be able to understand cost information for decision making.
· Be able to use costing tools for managerial control.
· Be able to use cost and financial information as input for stratergic decisions.

3. Required Text Books and Reading Material

BHABATOSH BANERJEE.

4. Tentative Session Plan

Session Number
Topics/Activities

1 Understanding Basic Concepts Of Cost Accounting, Basic Cost Accounting Principles, Cost Accounting Terminologies, Importance of Cost Accounting, Types of Cost and Cost Classification.

2 Cost Sheet, Relevance Of Cost Sheet, Methods of preparation of cost sheet.

3 Understanding Prime cost, Works cost, Cost of Production, Cost of sales in preparation of cost sheet.

4 Understanding the relevance of Material Cost in Total Cost of the Final Product.

5 Understanding various exclusions and inclusions in calculation of Purchase Cost of Materials.

6 Understanding Economic Order Quantity and various levels in Material Costing

7 Understanding the practical issues in Material Costing.

8 Understanding the relevance of Labour Cost in Total Cost of the Final Product.

9 Understanding the calculation of Idle Time and Overtime.

10 Understanding implications of Idle Time and Overtime in labour cost.

11 Understanding various methods of calculation of Wages under various plans.

12 Understanding various methods of calculation of Wages under various plans.

13 Understanding the relevance of Overhead Cost in Total Cost of the Final Product.

14 Understanding the concepts of underabsoption and Over absorption of wages.

15 ABC Costing.

16 Service Sector Costing

17 Problems on Service Sector Costing.

18 Marginal Costing in decision Making. Understanding the concepts of Contribution, Break Even Point and other issues.

19 Problems on Marginal Costing.

20 Standard Costing and Variance Analysis.

5. Evaluation

Best 3 out Of 5 Quizzes. (Total – 40 MARKS)

End Term- 50 MARKS.

CPR- 10 MARKS

Created By: Alora Kar on 11/29/2018 at 12:29 PM
Category: MBA(Exe.)2018-19 T-II Doctype: Document

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Session Number	Topics/Activities
1	Understanding Basic Concepts Of Cost Accounting, Basic Cost Accounting Principles, Cost Accounting Terminologies, Importance of Cost Accounting, Types of Cost and Cost Classification.
2	Cost Sheet, Relevance Of Cost Sheet, Methods of preparation of cost sheet.
3	Understanding Prime cost, Works cost, Cost of Production, Cost of sales in preparation of cost sheet.
4	Understanding the relevance of Material Cost in Total Cost of the Final Product.
5	Understanding various exclusions and inclusions in calculation of Purchase Cost of Materials.
6	Understanding Economic Order Quantity and various levels in Material Costing
7	Understanding the practical issues in Material Costing.
8	Understanding the relevance of Labour Cost in Total Cost of the Final Product.
9	Understanding the calculation of Idle Time and Overtime.
10	Understanding implications of Idle Time and Overtime in labour cost.
11	Understanding various methods of calculation of Wages under various plans.
12	Understanding various methods of calculation of Wages under various plans.
13	Understanding the relevance of Overhead Cost in Total Cost of the Final Product.
14	Understanding the concepts of underabsoption and Over absorption of wages.
15	ABC Costing.
16	Service Sector Costing
17	Problems on Service Sector Costing.
18	Marginal Costing in decision Making. Understanding the concepts of Contribution, Break Even Point and other issues.
19	Problems on Marginal Costing.
20	Standard Costing and Variance Analysis.