CHRIST UNIVERSITY

DEPARTMENT OF MANAGEMENT STUDIES BANGALORE

COURSE PLAN (2010-11)

SUBJECT: COST ACCOUNTING (431) CLASS: BBM Teacher Incharge: Sec A: Sec B: Sec C: Sec D: SEMESTER: IV

Mrs. Anju .K.J Mr. Birenjan Digal Mr. Issac P Elias Mrs. Lakshmi

Course Objective: To provide working knowledge of principles and procedures for companies in accordance with the statutory requirements and to acquaint the students with cost and management accounting techniques and practices. TOPICS TO BE COVERED WEEK / DATE Week 1 Module I: INTRODUCTION (08/11/10 to 13/11/10) Hour 1 Cost Accounting - Meaning scope- objectives-advantage of cost Hour 2 accounting Hour 3 cost concept- cost centre - cost unit classification of cost- elements of costcosting method and technique, activity based costing - target costing Hour 4 WEEK 2 Module - II: COST SHEET (15/11/10 to 20/11/10) Hour 1 Meaning of cost sheet- tender- quotation Hour 2 Practical questions Hour 3 Practical questions Hour 4 Practical questions Week- 3 (22/11/10 to 27/11/10) Hour 1 Practical questions Hour 2 Practical questions Hour 3 Practical questions Week 4 Module III Materials (29/11/10 to 04/12/10) Hour 1 Meaning of material control- steps- need objective of material control- issue of Hour 2 material- methods of pricing Hour 3 Material issues- FIFO, LIFO Hour 4 FIFO, LIFO practical questions METHODOLOGY

Lecture/ discussion Lecture/ discussion Lecture/ discussion

Lecture/ discussion

Lecture/ discussion Lecture/ discussion Lecture/ discussion Lecture/ discussion Lecture/ discussion Lecture/ discussion Lecture/ discussion

Lecture/ discussion Lecture/ discussion Discussion Lecture/ discussion

Week 5 (06/12/10 to 11/12/10) Hour 1 Simple Average - practical questions Hour 2 Weighted Average- practical questions Minimum level- maximum level- reorder Hour 3 level Hour 4 EOQ- ABC Analysis- VED analysis Week 6 Module IV Labour (13/12/10 to 18/12/10) CLASS TEST Meaning of labour cost- methods of Hour 1 remunerating labour Hour 2 Time rate system Hour 3 Practical questions Hour 4 Practical questions piece rate system Week 7 (20/12/10 to 22/01/10) Hour 1 Hour 2 Hour 3 Week 8 Module V Overheads (04/01/11 to 08/01/11) Hour 1 Hour 2 Hour 3 Hour 4 Week 9 (10/01/11 to 15/01/11) Hour 1 Hour 2 Hour 3 Week 10 Module VI Contract Costing (24/01/2011 to 29/01/11) Hour 1 Hour 2 Hour 3 Hour 4 Week 11 01/02/11 to 05/02/11 Hour 1 Hour 2 Hour 3 Hour 4 Practical questions Halsey & Rowan plan premium system Practical questions

Lecture/ discussion Activity Activity Discussion

Lecture/ discussion Lecture/ discussion Activity

Lecture/discussion Activity

classification of overheads- allocation of overheads expenses apportionment of overhead expenses- basis of apportionment Lecture/ discussion Practical questions Lecture/ discussion Practical questions Absorption of overheads machine hour rate Activity Practical questions Discussion Practical questions Lecture/ discussion

meaning - type- recording of cost of contract Practical questions Practical questions Practical questions

Discussion Lecture/Discussion Lecture/Discussion Lecture/Discussion

recording of value- calculation of profit, target costing Practical questions Practical questions Practical questions

discussion Lecture/ discussion Lecture/ discussion Lecture/ discussion

Week 11 Module VII Process Costing 07/02/11 to 12/02/11 features of process- application of process Comparison between job costing and process costing advantages of process costingdisadvantagesfundamental principle of process costing- elements. process loss- normal process loss- abnormal process loss Practical questions Practical questions

Hour 1

Lecturer Lecturer Lecturer/discussion Lecturer/discussion Lecture/ discussion Lecture/ discussion Lecture/ discussion Lecture/ discussion

Hour 2 Hour 3 Hour 4 Week 14 (14/02/11 to 19/02/11) Hour 1 Practical questions Hour 2 Practical questions Hour 3 Practical questions

Hour 4 Meaning - reasons for difference Week 15 Module VIII Reconciliation of Cost and Financial Accounts 21/02/11 to 26/02/11 Hour 1 Concepts, Meaning, Objectives Hour 2 Reasons for differences Week 16 Module IX Cost Audit CLASS TEST (28/02/11 to 05/03/11) meaning of audit - definition of audit- types Hour 1 of audit objectives- advantages of cost audit- cost Hour 2 audit programme Hour 3 Week 17 Revision (07/03/11 to 12/03/11) functions of cost auditors- difference between cost audit and financial audit

Discussion Discussion

Lecture/ discussion Lecture/ discussion Lecture/ discussion

Practical Problems/Case Study

Discussion

CIA II: 1. Prepare a cost estimate for any product or services with actual data collected from industry. 2. You have been asked to design a system of cost accounting for installation in a factory. Describe the essentials that should be considered before you design such a system. 3. Class participation and practical note submission (Last date of submission 06/12/10) CIA III: 1. Group Presentation followed by Research topic (Topic will be decided by concerned teacher) 2. Viva-Voce 3. Class participation and practical note submission (Last date of submission 21/02/11) Books for Reference:

1. Cost Accounting- M.N.Arora, (Himalaya Publishing House) 2. Cost Accounting - S.N. Mahehswari (Himalaya Publishing House) 3. Cost Accounting - R.S.N Pillai
Recommended Book:

1. Cost Accounting- S.P. Jain and K.L Narang (Kalyani Publishers)