Course Outcomes (COs):
Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to: CO 119: Assess the government budget and compare them with the actual performance. CO 120: Apply the concept of service costing to determine the cost and profit in a service industry. CO 121: Understand the concept of process and flow of accounts from one process to another and apply the concept to find out the profit or loss. CO 122: Apply the concept of marginal costing and take various managerial decisions. CO123: Demonstrate knowledge regarding preparation of fixed flexible, sales, production and master budget. |
Discussion, Tutorials, Reading assignments, demonstration
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects. |
Unit I: Group discussion on comparison of government budget with their actual performance.
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Unit II: Case study of an organization providing services and application of operating costing
Unit III: Case study of an organization engaged in manufacturing consisting of many processes and application of process costing.
Unit IV: Case Study on Cost volume Profit Analysis and application of Marginal costing.
Unit V: Preparation and comparative analysis of flexible /fixed/sales/production/ master/cash budgets among various manufacturing firms.
ESSENTIAL READINGS:
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·
Advance Cost Accounting: Oswal, Maheshwari, Modi (Ramesh Book Depot)
SUGGESTED READINGS:
E-READINGS:
· https://devlibrary.in/managerial-and-cost-accounting/
· https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
JOURNAL:
· The Indian Journal of Commerce
· FIIB Business Review
· Vikalpa: Journal for Decision Makers