Coming soon
Cost Management Techniques
To enable the researchers to identify problems for cost decision making, collect data, analyze and write a report
Concept and Type of Cost: Concept of cost, expenses and losses, Direct and Indirect Cost, Variable and Fixed Cost, Controllable and Non Controllable Cost, Production Cost and Period Cost, Traceable and Untraceable cost, Research Cost, Development Cost, Conversion Cost, Pre Production Cost, Cost Reduction and Cost Control, Shut Down and Sunk Cost, Out of Pocket Cost, Imputed or Hypothetical Cost, Avoidable and Unavoidable Cost, Relevant and Irrelevant Cost Activity Based Costing: Concept, Nature or Characteristics, Elements, Process or Stages, Advantages, Identification of Cost Drivers, Determination of Cost of each activity, Assigning or Tracing Activity Cost to Products, Distinction between Activity Based Costing System and Traditional System
Personnel Cost Analysis: Payment of Salaries, Compensation and Bonus to Employees and Managerial Personnel, Compensation to Foreign technicians, Profit sharing plans to executives, Cost Analysis for such Specialisations as labour and executive turnover, Recruitment training and development, Employee Welfare and Fringe Benefits, Overtime Cost Analysis for committee management
Budgetary Control System: Performance Report, Analysis of Budget variance, Revision of Budgets, Budget follow up, Budget Audit, Neo-tric trends in Budgetary Control, Zero Base Budgeting, Programme Budgeting, Performance Budgeting, Rolling System, Preparation of Functional and Master Budget, Determination of Budget Allowance.
Costing and Pricing Decisions: Terms relevant to pricing: Uniform pricing, Dual pricing, retention pricing, zonal price system, Leader pricing, Differential pricing skimming pricing & shadow pricing, Pricing Techniques, Transfer pricing comparative analysis. Economist’s and Accountant’s view of transfer pricing, Methods of transfer pricing under intermediate imperfect market.
Differential Costing and Short Term Decision Making: Marginal Costing Concepts, Construction of different types of B.E Charts. Price indifference point, Cost Indifference Point. Decision involving (a) Sell or process further (b) Make or Buy (c) Retain or Replace (d) Elimination of unprofitable segments (e) To shift down facilities (f) Changes vs status quo (g) Adding a new product line (h) Decision making under limiting factor (i) Acceptance of Offer
• Cost Accounting A Managerial Emphasis: Charles T Horngren • Cost Accounting for Management: Terill & Pattrick • Study Material Published by Institute of Chartered Accountants of India • Cost Accounting: Ravi M Kishore ( Taxmann’s-New Delhi) • Cost Accounting: B.M Lall Nigam, I.C. Jain, PHI, New Delhi • Managerial Cost Accounting and Analysis: Nickerson • Differential Cost and Management Decisions: Harrison • Cost Accounting: Jawahar Lal, (Tata Mcgraw Hill, New Delhi) • Cost Accounting: J. Madegowda ( Himalaya Publishing House)
• Cost Accounting-Saxena, Vashishtha(S Chand New Delhi) • Cost Accounting Theory and Practice: (Bhabatosh Banerjee, PHI, New Delhi) • Cost Accounting-S.N Maheshwari, (Mahavir Publication)
