Cost Accounting

By Prof. Varadraj Bapat   |   IIT Bombay
Learners enrolled: 9563
This course discusses basic concepts of cost accounting and control. COURSE OBJECTIVES This course is designed to Help the participants to become intelligent users of cost information for (a) Computing cost of product/ process/ project/ activity. (b) Controlling and managing the cost (c) Decision making like pricing, Make or buy, profit planning. (d) Planning and Budgeting
INTENDED AUDIENCE: Students, employees, entrepreneurs (The course will apply to participants various disciplines like Engineering, Sciences, Management, Commerce, Arts, Humanities, Heath, Medicine)
PREREQUISITES:          Nil        

Course Status : Completed
Course Type : Elective
Duration : 4 weeks
Start Date : 14 Sep 2020
End Date : 09 Oct 2020
Exam Date : 18 Dec 2020
Enrollment Ends : 25 Sep 2020
Category :
  • Management Studies
Level : Undergraduate/Postgraduate

Course layout

Week 1:
  • Introduction to Cost Accounting 
  • Classification of Costs
  • Marginal Costing
  • Cost Volume Profit Analysis
  • Margin of Safety
Week 2: 
  • Application of Breakeven Point Analysis  
  • Sensitivity Analysis
  • Case of Ayur Pharma
  • Different Decision Scenarios and Profit Planning
  • Relevant Costs in Decision Making
Week 3: 
  • Case Study: Break-even point
  • Case Study: JSW ISPAT Steel 
  • Case Study on Projection: Divya Aushadhi Ltd 
  • Case Study: Shree Cements
  • Budgeting and Budgetary Control
Week 4: 
  • Functional Budget
  • Cash Budget
  • Standard Costing And Variance Analysis
  • Material Cost Variance
  • Overhead Variance

Books and references

  • J. H. Rossell, W.W. Frasure and D.H. Taylor, Managerial Accounting, Merrill, Columbus, 2018 
  • Colin Drury, Management & Cost Accounting, Cengage Learning EMEA, 2017 
  • M N Arora, A Textbook Of Cost And Management Accounting , Vikas Publishing House, 2017

Instructor bio

Prof. Varadraj Bapat

IIT Bombay
Dr. CA. Varadraj Bapat has consulting and teaching experience of 25 years in Accounting, Audit and Finance. He has obtained professional qualifications in Chartered Accountancy, Cost Accountancy, and Information System Audit before obtaining PHD from IIT, Bombay. Authored 6 books published by reputed publishers like McGraw Hills. Many Research papers are published in high impact international journals. He has done numerous research projects. He is member of Board of Governors for IIT Guwahati and NIT Manipur. He has been member of NAAC Peer team and MHRD Autonomy team.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 18 December 2020 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.


Average assignment score = 25% of average of best 3 assignments out of the total 4 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Bombay.It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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