This course will enable the students to develop skills in analyzing costs and implementing effective control measures to optimize financial performance.
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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24DATG803 |
Cost Analysis and Control (Theory) |
CO235:Demonstrate the understanding of theory of price and its implications, including pricing in recession and below marginal cost and Gain proficiency in utilizing the learning curve theory. CO236:Analyze transfer pricing methods, decision-making in diverse circumstances, and apply cost reduction and value analysis techniques. CO 237: Apply statistical and operations research techniques for cost control, including inventory models, decision-making under uncertainty, and variance investigation models. CO 238: Gain insights into recent cost management developments, including TQM implementation, JIT prerequisites and impact, and life cycle costing strategies and benefits. CO 239: Gain knowledge of process innovation, Business Process Re-engineering (BPR), target costing, and Pareto Analysis, and apply them for improved profitability and cost control. CO240: Contribute effectively in course-specific interaction |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Problem solving sessions, Presentations Learning activities for the students: Self-learning assignments, Case Study analysis, Presentations, Group discussions
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Continuous Assessment Test, Semester End Examinations, Quiz, Solving numerical problems, Assignments, Class Presentations, Individual and group projects. |
Unit IV: Recent Developments in Cost Management: (12 Hours)
Unit V: Process Innovation, Business Process Re-engineering, Target Costing and Pareto Analysis: (12 Hours)
Suggested Readings:
E- Content:
Reference Journals:
Note The candidate shall be permitted to use battery operated pocket calculator that should not
have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless