Additional Material: A collection of cases and Exercises (one copy per student)
Evaluation:
Case presentation and analysis (20%): Class is divided into group of five members
each case study is allotted to two groups. One group presents the case in detail with
analysis and solution, while the other group comments on it. Twenty minutes time is
allotted for presentation, discussion and comments. The maximum marks for presentation
group is 15% and the commenting group will get maximum marks of 5%. Thus overall
each group will get one case study for presentation and one for analysis. Attendance of all
the group members is compulsory for presenting and commenting groups.
Test-1 (35%): Test duration is 90 minutes.
Final Examination (45%): Test duration is 2 hours.
Assignments for Practice: Problems/exercises will be suggested for practice. Practicing
these assignments will be helpful for taking test and final examinations confidently.
Assignments are not part of evaluation.
Attendance Policy: Will be communicated.
Detailed Description of each module:
Cost Measurement (CM)
This module explains how costs are identified and classified in different business
organisations, which is most importantly used for estimation of value of work in
progress, and finished goods. It covers: Cost Terms, Cost Drivers, Cost pools and Cost
Objects and Classification of costs. The topics covered under this module includes: Job
Costing and Process costing; Costing of services; Tracing direct costs to products and
allocating indirect costs; and different method of cost allocation.
Costing for Decision Making (CDM)
This module discusses the relationship between cost, volume and profit and how the
behaviour of cost affects profit under different volumes. It explains how cost information
and cost behaviour are important for different kinds of decision making. Some of the
decision problems covered under this module are: Understanding cost behaviour,
decisions on make or out source, break even analysis, what if analysis, closing down
unprofitable divisions or product line, alternative sourcing, pricing decision under
different conditions, joint costing, etc.
Session
1
2
Topics
Cost concepts and Estimation (3 sessions)
Introduction and Cost Management Concepts
Product Costing Job Costing
4 to 7
8&9
10
Cases
Case study: Xyber Space
Consulting
Cases for Assignment:
(1) Lipman Bottle company
(2 ) Huron Automotive
Company
(3) Delaney Motors
Cases for Assignment:
(4)Tech-Tonic Sports Drink
Performance
11&12
Budgeting, Standard Costing and Variance
Analysis
13&14
Case Study
Web Jackets Company
Software Associates
Cases for Assignment:
(11) Danshui Plant2
(12) Midwest Ice cream