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Performance Measurement [1]

Paper Code: 
24DATG705
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to gain knowledge and develop skills in the application of management accounting and cost accounting techniques to quantitative information for planning, decision-making, performance evaluation and control.

 

 

Course Outcomes: 

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

 

 

 

 

 

 

 

 24DATG705

 

 

 

 

 

 

 

Performance Measurement

 (Theory)

   

CO205:Examine different types of cost  

CO206:Evaluate alternatives by applying marginal cost analysis

CO207: Formulate various types of budget

CO208: Assess the components of Working Capital

CO209: Determine transfer price and measure performance of organizations and its divisions by applying various techniques

CO210: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

  

Continuous Assessment Test, Semester End Examinations, Quiz, Solving numerical problems, Assignments, Class Presentations, Individual and group projects.

 

 

 

 

12.00
Unit I: 
Concepts of cost

 

 

  • Cost behavior and cost objects
  • Actual and normal costs
  • Standard costs
  • Absorption (full) costing
  • Variable (direct) costing

 

12.00
Unit II: 
Cost/volume/profit analysis:
  • Breakeven analysis - Profit performance and alternative operating levels, Analysis of multiple products.
  • Marginal analysis -Opportunity costs, Sunk costs ,Marginal costs and marginal revenue , Special orders and pricing , Make vs. buy, Sell or process further, Add or drop a segment, Capacity consideration
12.00
Unit III: 
Budgetary Control
  • Concept of budget, budgeting and budgetary control
  • Role of budgetary control in research
  • Performance report, revision of budgets
  • Performance budgeting, programme budgeting and rolling system.
  • Preparation of cash budget, master budget, fixed budget, flexible budget, production budget, sales budget, functional budget etc.
12.00
Unit IV: 
Working Capital Management
  • Working capital terminology
  • Cash management
  • Accounts receivable management
  • Inventory management
  • Types of short-term credit,  Short-term credit management
12.00
Unit V: 
Performance Measurement
  • Responsibility Accounting: Concept, Significance, Different Responsibility Centres
  • Divisional Performance Measurement: Financial and Non-Financial measures
  • Transfer pricing
Essential Readings: 
  • Jain, Khandelwal &Pareek, Cost Accounting Ajmera Book Company, Jaipur
  • Agarwal, Jain, Sharma, Shah & Mangal, Cost Accounting   Ramesh Book Depot, Jaipur
  • Agrawal, & Agrawal Management Accounting Ramesh Book Depot
  • Khan & Jain Management Accounting Tata Mc Graw Hill
  • Agarwal, M.R, Management Accounting Malik and Company  
References: 

Suggested Readings:

  • Arora, M.N.,Cost Accounting Principles and Practice, Vikas Publication, New Delhi
  • Kishore R.M.., Cost Accounting Taxmann’s New Delhi
  • Nigam, B.M Lal,&  Jain, I.C. ,  Cost Accounting    PHI, New Delhi
  • Maheshwari, S.N,  Cost Accounting Mahavir Publication
  • JawaharLal,  Cost Accounting  Tata Mcgraw Hill, New Delhi  
  • Madegowda. J. Cost Accounting  Himalaya Publishing House
  • Singh  , S. K Management Accounting Sun India Publications
  • Chakraborty, H.  &  Chakraborty, S. Management Accounting Oxford University Press
  • Maheshwari , S.N Management Accounting and Financial AnalysisS.Chand& Sons
  • Vinayakkam, N. & Sinha, IB Management Accounting  Himalaya Publishing House
  • Kaplan, R.S& Atkinson , A.A .Advance Management Accounting Prentice Hall India New Delhi

E-Content:

Reference Journals:

  • The Indian Journal of Commerce           
  • FIIB Business Review
  • Vikalpa: Journal for Decision Makers

 

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.

Academic Year: 
2024-2025 [5]

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Source URL: https://business.iisuniv.ac.in/courses/subjects/performance-measurement

Links:
[1] https://business.iisuniv.ac.in/courses/subjects/performance-measurement
[2] https://devlibrary.in/managerial-and-cost-accounting/
[3] https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
[4] https://books.google.com/books/about/Cost_Accounting_Text_and_Problems.html?id=Fyszhs9mD2cC
[5] https://business.iisuniv.ac.in/academic-year/2024-2025