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Gujarat Technological University

This document provides an overview of the Cost Accounting course offered at Gujarat Technological University. The course is divided into 5 modules over 40 sessions. Module 1 introduces cost accounting concepts and techniques. Module 2 covers material, labor, and overhead costs. Modules 3 and 4 discuss various costing methods like unit, job, batch, and contract costing. Module 5 involves a practical project analyzing a company's product costs. Students will be evaluated through assignments, exams, and a practical project. The course aims to develop an understanding of cost accounting principles and their application in organizations.

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95 views3 pages

Gujarat Technological University

This document provides an overview of the Cost Accounting course offered at Gujarat Technological University. The course is divided into 5 modules over 40 sessions. Module 1 introduces cost accounting concepts and techniques. Module 2 covers material, labor, and overhead costs. Modules 3 and 4 discuss various costing methods like unit, job, batch, and contract costing. Module 5 involves a practical project analyzing a company's product costs. Students will be evaluated through assignments, exams, and a practical project. The course aims to develop an understanding of cost accounting principles and their application in organizations.

Uploaded by

dhruvin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GUJARAT TECHNOLOGICAL UNIVERSITY

INTEGRATED MASTER OF BUSINESS ADMINISTRATION

Year – 2 (Semester –3) (W.E.F. Academic Year 2018-19)


Subject Name: Cost Accounting (CA)

Subject Code: 2537101

1. Learning Outcomes:
• At the completion of the course, students will be aware about basics of Cost
Accounting Techniques.
• This course will equip students with basic principles, standards and its applications of
cost accounting in various Manufacturing and Service organisation.
• It will develop an in-depth understanding of cost accounting and its application in the
Organisation.

2. Course Duration: The course duration is of 40 sessions of 60 minutes each.

3. Course Contents:

Module No. of Marks (out


Modules with its Contents/Chapters
No. Sessions of 70)
Introduction of Cost Accounting:
Definitions, Objectives Of Cost Accounting, Functions,
Advantages and Disadvantages Of Cost Accounting, Cost
Accounting And Financial Accounting, Meaning Of Cost
Centre, Cost Unit And Techniques Of Costing, Overview
of Cost Accounting Standard
I 6 14
Cost Concepts and Classification
Meaning and Definitions of Expenses v/s Cost, Deferred
cost, Expired cost, Loss, Cost Incurrence and Cost
Recognition, Different Cost Concepts and Classification,
Cost flows in Manufacturing, Merchandising & Service
Organisations
Material Cost:
Materials Purchase and Control, Techniques of Inventory
II 14 21
Control, Stock Levels, Inventory Turnover, Purchase
Procedure, Classification and Codification of Materials,
Inventory Valuation Methods i.e. FIFO, LIFO, Average
cost, Weighted Average Method

Labour Cost:
Meaning of Personnel Department, Labour Turnover,
Time-Keeping Department, Payroll Department, Idle Time,
Over Time, Methods of Labour Remuneration

Overhead Cost:
Meaning and Definition of Overhead Cost, Classification
of Overhead Cost, Allocation and Apportionment of
Overheads, Re-Apportionment of Service Department
Costs, Under-Absorption and Over-Absorption of
Overheads
Costing Methods-I
III 10 14
Unit Costing (Including Estimated Cost Sheet)
Job and Batch Costing
Costing Methods-II
IV 10 21
Contract Costing
Operating Costing (Transport, Canteen, Hotel & Hospital)
Practical:
Students should select any company’s specific product, (30 Marks
V
analyse that product’s cost structure and prepare an CEC)
identical product with the lower cost.
4. Teaching Methods:
The course will use the following pedagogical tools:
a) Case discussions. (Appropriate cases may be used to teach all above modules)
b) Discussion on issues and techniques
c) Projects/Assignments/Quiz/Class Participation, etc.

5. Evaluation:

The evaluation of participants will be on continuous basis comprising of the following


Elements:

A Projects/ Assignments/ Quizzes/ Individual or group (Internal Assessment- 50 Marks)


Presentation/ Class participation/ Case studies etc
B Mid-Semester examination (Internal Assessment-30 Marks)
C End –Semester Examination (External Assessment-70 Marks)
6. Reference Books:

Sr. No. Author Name of the Book Publisher Year of


Publication
A Textbook on Cost
Vikas
1 M.N Arora & Management Latest
Publication
Accounting
Taxmann
Cost & Management
2 Ravi M Kishore Publications Pvt. Latest
Accounting
Ltd
Tulsian P.C Cost Accounting S Chand Latest
2
Charles T Horngren, S
Cost Accounting Pearson Latest
3 M Datar and Others

Hilton, Maher and Cost Management :


Strategies for TMH Latest
4
Business

Accounting for Oxford


5 S. Ramanathan 2016
Management University Press
Note: Wherever the standard books are not available for the topic appropriate print and online
resources, journals and books published by different authors may be prescribed.

7. List of Journals/Periodicals/Magazines/Newspapers, etc.


• Journals of Cost Accounting

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