TEACHING AND LEARNING PLAN (TLP)

Batch
Programme Year Trimester
PGDM I
2010 III

Subject
Credit No of sessions Hours

Cost Accounting Half 6 18 hours

Faculty Cell No Res / Office No E-Mail

minal.gupte
Prof Minal Gupte 9820964354 26590730 /1982
@welingkar.org

Learning Objectives for the Subject

□ Understand need for Cost Accounting; and how competition puts pressure on costs
□ Understand various ways of classifying costs, and cost accounting terminology
□ Understand concepts of a cost sheet, and a functional income statement
□ Understand concept and objective of material & labour control as well as
their accounting in cost accounts
□ Appreciate the importance of predetermined overheads and how they are
absorbed
□ Understand the different methods of costing – Process, Job, Contract &
Service.
□ Appreciate the importance of designing a cost control system

Learning Outcome

□ Focus will be on recognizing, understanding and finally, applying the cost

accounting concepts in the world of business and finance
□ Appreciate the need for, and the process by which, cost sheets & income
statements are generated in companies, and recognize the appropriate
cost accounting system that can be implemented depending on nature of
business
□ Realize the importance of cost accounting, cost reduction & cost control in
an increasingly cost-competitive world
□ Understand the application of cost control system.
 -2-

Srl No Reference Text

1. Cost Accounting for Managerial Emphasis - Horngren, Datar & Foster (HDF)
(Prentice Hall)

2. Management and Cost Accounting- Colin Drury (Thomson Learning

3. Additional Reading
Economic Times/ Business Standard/Mint/Financial Express (Daily) for news
related to cost and management accounting practices

Lec Topics Covered Pedagogy

No
Difference between Cost Accounting □ Understand the concept followed by
& Financial Accounting Why Cost
illustration with numerous examples to
Accounting is important;
make it easy to understand.
Classification of Costs. Caselets to
1 explain the use of different cost for □ Theoretical understanding through
different purpose. PowerPoint Presentations
Preparation of Cost Sheet and □ Problems & Exercises
Income Statement.

Importance of Material & Labour in

2 Cost. Its Accounting & Control
Importance of Overheads in Cost.
It’s Accounting & Control.
Activity Based Costing for
3 Overheads.
4 Methods of Costing – Job, Process &
Service.
Design & Application of cost control
system.
Case: Seligram, Inc: Electronic
5
Testing Operations
Revision:
6 Case : Precision Worldwide, Inc
□ Understand the concept followed
by illustration examples to make it
easy to understand.
□ Problems & Exercises
□ Understand the concept followed by
illustration with numerous examples to
make it easy to understand.
□ Theoretical understanding through
PowerPoint Presentations
□ Problems & Exercises
□ Understand the concept followed by
illustration.
□ Problems & Exercises
□ Demonstrate how cost systems
become obsolete over time with
technology changes.
□ Understand how the system can
affect strategy and reporting product
cost.
□ Understand the concept of different
types of cost for different purposes
 -3-

Model Questions (Short & Descriptive Questions)

Srl No
1. Classify the costs

2. Explain the meaning of over-absorption and under-absorption. How is it

treated in cost accounting?

3. Caselets and Problem Solving

Evaluation Schedule

Srl
No Method Description Credits
1. Class room test, Quiz / Multiple choice/ True or False 40%
Assignments & kind of questions to test
understanding of basic concepts
Projects
giving due weightage to class
Participation
2. Final exam Caselets, Problems & Short Notes; 60%

Name of Faculty Minal Gupte……Date 8/7/2010……. Signature :___________

COUNTERSIGNED
(BY RESPECTIVE SPECIALISATION DEAN)

Name of Dean __________________________Date ____ Signature ____________