SCMSSCHOOLOFTECHNOLOGYANDMANAGEMENT

SCMSCampus,PrathapNagar,Muttom,Aluva,COCHIN683106.KERALA

MASTEROFBUSINESSADMINISTRATION
BATCH9SEMESTERII

SESSIONPLAN

CourseName: COSTANDMANAGEMENTACCOUNTING
Faculty: Dr.MAKESH.K.G.

COURSEOBJECTIVE
Tocapacitatethestudentswithathoroughoverviewofthetoolsofcostaccountingand
managementaccounting

LEARNINGOUTCOME
1. Conceptual understanding of various concepts and elements of cost and costing for
managerialdecisions
2. Conceptual and numerical understanding of the process of cost determination of
variousprocesses,activities,productsetc.
3. ConceptualunderstandingofvariousPricingPolicies
4. ConceptualandNumericalunderstandingoftheapplication,relevanceandutilityof
BudgetarySystem,StandardCostingandVarianceAnalysisforcostmanagement

ESSENTIALREADING
1. A Textbook of COST AND MANAGEMENT ACCOUNTING, Eighth Edition, MN Arora,
VikasPublishingHouse,2006
2. A Textbook of COST AND MANAGEMENT ACCOUNTING, 9 th Edition, MN Arora,
VikasPublishingHouse,2010
3. COSTACCOUNTING:PrinciplesandPractice,NineteenthRevisedEdition,SPJainand
KLNarang,KalyaniPublishers,2007
4. COSTACCOUNTING:TheoryandPractice,TwelfthEdition,BhabathoshBanerjee,PHI
LearningPvt.Ltd.,2009
5. COSTACCOUNTING,FourthEdition,JawaharLalandSeemaSrivastava,TataMcGraw
HillPublishingCo.Ltd.

COURSECONTENT
Thefollowingconstitutestheoverviewofthecourse:

MODULEONE
Basic concepts Concept of cost centers, profit centers and investment centers Cost units
ClassificationofcostsCostanalysisformanagementdecisionmaking

MODULETWO
Determining product costs: cost elements for product costing; job order costing and process
costing. Theoretical concepts of Activity Based Costing ( ABC ) Cost Volume Profit (CVP)
Relationship:Variablecosting:ConceptofVariable(Marginal)costing

MODULETHREE
Pricing policies: Objectives of pricing policies Marginal analysis and pricing Full cost pricing
ROIpricingContributionapproachtopricingConceptsoftransferpricing

MODULEFOUR
Budgeting and Budgetary control Standard costing and variance analysis: Cost control and
cost reduction: Introduction to cost control cost reduction fields covered by cost reduction
toolsandtechniquesforcostreduction

MODULEFIVE
CostAudit:ScopeofcostauditTypesAdvantageslimitations

ASSESSMENTOFLEARNINGOUTCOME
Basedonthefollowing:
ModuleTests: [3x5marks] 15
Assignments: [1x10marks] 10
MidTermTest: 05
EndTermModelTest: 05
ClassParticipation: 05
TOTAL: 40

SESSIONPLAN
Thefollowingconstitutesthesessionplanofthecourse:
Topic Session Reference
MODULEONE
GeneralIntroductiontoSubject 1 Bhabathosh Banerjee, pp. 1
21
Arora,Ed.9,pp.1.31.39
Jain and Narang, pp. I/1.3
I/1.26
Financial, Cost and Management Accounting;
InstallingCostingsystem
2
MethodsofCosting;TypesofCosting 3
ClassificationofCost;ElementsofCost 4,5 Bhabathosh Banerjee, pp.
2242
Jain and Narang, pp. I/2.1
2.28
Jawahar Lal and Seema
Srivastavapp.2674
CostSheet;Numerical 6
CostConcepts 7 Jain and Narang, pp. I/2.13
I/2.20
CLASSTESTONE:TopicCoveredinModuleOne

MODULETWO
Elements of Product Cost Material, Labour
andOverheads
811 Bhabathosh Banerjee, pp.
43294
Arora,Ed.9,pp.2.14.102
Jain and Narang, pp.II/1.3
10.19
JobOrderCosting,ProcessCosting 1217 Bhabathosh Banerjee, pp.
377400;420496
Arora, Ed. 9, pp.6.16.5;
pp.8.18.72
Jain and Narang, pp. IV/1.3
1.9;pp.4.14.58
ActivityBasedCosting 18 Bhabathosh Banerjee, pp.
295322
Arora,Ed.9,pp.22.522.9
CostVolumeProfitRelation:MarginalCosting 1923 Bhabathosh Banerjee, pp.
534629
Jain and Narang, pp. V/2.1
2.114
CLASSTESTTWO:TopicCoveredinModuleTwo


MODULETHREE
Factorsinfluencingpricingdecisions

24 Bhabathosh Banerjee, pp.

884890
Arora, Ed. 9, pp.20.120.71;
pp.21.821.10
Jain and Narang, pp. V/3.1
3.33
Jawahar Lal and Seema
Srivastavapp.794802
Pricing Decision Scenarios: Marginal Costs for
pricing,TransferPricing
2528
CLASSTESTTHREE:TopicCoveredinModuleThree

MODULEFOUR
IntroductiontoBudget 29 Bhabathosh Banerjee, pp.
656724
Jain and Narang, pp. V/4.1
4.74
TypesofBudgets:Numerical 3031
StandardCostingandVarianceAnalysis 32 Bhabathosh Banerjee,
pp.725795
Jain and Narang, pp. V/5.1
5.92
Analysis of Material, Labour and Overheads
Variances:Numerical
3337
CostControlandCostReduction 3839 Arora,Ed.9,pp.22.1422.17
Jain and Narang, pp. V/6.1
6.9
CLASSTESTFOUR:TopicCoveredinModuleFour

MODULEFIVE
EmergingTopicsinCosting:CostAudit 40 Bhabathosh Banerjee, pp.
837856
Arora,Ed.9,pp.22.922.12
Jain and Narang, pp. V/7.1
7.22
ASSIGNMENT : Topic Emerging Topics in Cost Accounting: Target Costing, Life Cycle
Costing,ValueChainAnalysis,MaterialRequirementPlanning
Participants are expected to make thorough reading of these topics and present in
writing,abriefoverviewontheabove.

COURSEPARTICIPATION
The participants are expected to exercise due diligence in their overall participation in
the conduct of the course. The 5 marks allotted for Class Participation in the internal
assessmentcomprisesoftheassessmentofthefollowing:
1. Attentivenessandproactiveresponseinclassroomdeliberations
2. ProperUpkeepofclassnotes
3. Punctualityincompletionoftakehomenumericalexercises

Participants are expected to make comprehensive readings of materials provided/

textbooks/pptsetc.tobeuptodateontopicscovered.Theproperandtimelycoverage
of topics depends on the extent of preparatory work carried out by the participants,
whichisaresponsibilitybestoweduponthem.

Takehome numerical exercises are expected to be genuine, and not copyworks. In

casesofoddity,theparticipantsmaybedirectedtodeliberatetheworkingstotheclass.