Cost Accounting

By Prof. Varadraj Bapat | IIT Bombay

Learners enrolled: 6587

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

Summary

Course Status :	Completed
Course Type :	Elective
Language for course content :	English
Duration :	4 weeks
Category :	Management Studies
Credit Points :	1
Level :	Undergraduate/Postgraduate
Start Date :	25 Jul 2022
End Date :	19 Aug 2022
Enrollment Ends :	08 Aug 2022
Exam Date :	25 Sep 2022 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

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: 25 September 2022 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.

CRITERIA TO GET A CERTIFICATE

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

SWAYAM Helpline / Support