- Teacher: AMEYA CHAUHAN
- Teacher: Tanisha Saini SoM
Welcome to the Course: Cost Accounting
Welcome to Cost Accounting, a course that transforms everyday business decisions into smart managerial actions. By mastering cost concepts and practical tools, you will learn to think like a manager, improve efficiency, and add value to any organization you work with.
About the Course:
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Title |
Cost Accounting |
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Course Code |
BBA 203 |
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Year |
1st |
Semester |
2nd |
Credits |
L =4 |
T =0 |
P =0 |
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Course Type |
Theory |
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Course Category |
Minor |
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Pre-requisite/s |
Students should have familiarity of business terms |
Co-requisites |
Students should possess logical reasoning |
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Course Description:
This course helps students understand how businesses calculate, analyze, and control costs. It introduces basic cost concepts, material and labor costing, overheads, costing methods, and cost control techniques, enabling students to apply cost information for better managerial planning and decision-making.
Pedagogy:
Lectures, real-life examples, case studies, numerical problem solving, simulations, group discussions, and activity-based learning.
Course Outcomes Mapped with Bloom's Taxonomy:
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BL1, BL2 |
CO 1 |
Understand and explain the fundamental concepts, definitions, and objectives of cost accounting, including its role in managerial decision-making. (Remember, Understand) |
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BL2, BL3 |
CO 2 |
Apply costing techniques for material control, labor costing, and evaluate different inventory management techniques such as EOQ, ABC, and JIT. (Understand, Apply) |
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BL3, BL5 |
CO 3 |
Evaluate and apply various costing methods such as job costing, batch costing, process costing, and joint product costing in real-world scenarios. (Evaluate, Apply) |
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BL4, BL5 |
CO 4 |
Analyze and implement overhead costing, including Activity-Based Costing (ABC), and compare it with traditional costing systems. (Analyze, Evaluate) |
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BL5, BL6 |
CO 5 |
Develop strategies for cost control and decision-making, using tools like marginal costing, break-even analysis, budgetary control, and variance analysis. (Analyze, Create) |
Syllabus:
Module I: Basics of Cost Accounting
Module II: Material and Labor Costing
Module III: Overheads and Activity-Based Costing (ABC)
Module IV: Costing Methods
Module V: Cost Control and Decision-Making
Assessment and Grading Scheme
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Category |
Marks |
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Internal Assessment |
30 |
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External Examination |
70 |
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Total |
100 |
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Minimum Passing Marks |
40 |
References:
Arora, M. N. (2024). Cost Accounting: Principles and Practice (14th ed.). Vikas Publishing House.
Horngren, C. T., Datar, S. M., & Rajan, M. V. (2018). Cost Accounting: A Managerial Emphasis (16th ed.). Pearson Education.
Jain, S. P., & Narang, K. L. (2023). Cost Accounting (10th ed.). Kalyani Publishers.
Maheshwari, S. N., & Mittal, S. N. (2022). Cost Accounting: Theory and Problems (6th ed.). Shree Mahavir Book Depot.
Tulsian, P. C. (2023). Cost Accounting (8th ed.). S. Chand Publishing.
Course-Activity Calendar:
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Activity |
Time Window |
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ABCA–I |
1st Week of February 2025 |
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PBL |
15 Feb – 25 Mar 2025 |
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ABCA–II |
1st Week of March 2025 |
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Final Submission Closure |
25 March 2025 |
- Teacher: Dr. Rakhi singh
- Teacher: Amol Mutatkar