Cost Management BU B.Com SEP 5th Sem 2024-25 Notes
by | Unit 1 [Book] | |
| Cost Management, Introduction, Definition, Objectives, and Scope | VIEW |
| Relationship Between Cost Accounting, Management Accounting and Financial Accounting | VIEW |
| Cost, Concepts and Classifications (Fixed, Variable, Direct, Indirect, etc.) | VIEW |
| Cost Behavior | VIEW |
| Cost-Volume-Profit (CVP) Analysis | VIEW |
| Cost Control, Techniques and Tools | VIEW |
| Cost Reduction, Concept | VIEW |
| Continuous Improvement – Kaizen | VIEW |
| Costing Basics | VIEW |
| Contemporary Trends in Cost Management | VIEW |
| Strategic Cost Management | VIEW |
| Lean Accounting | VIEW |
| Just-in-Time (JIT) | VIEW |
| Environmental Costing | VIEW |
| Sustainability Considerations | VIEW |
| Role of ERP and Technology in Cost Management | VIEW |
| Unit 2 [Book] | |
| Marginal Costing, Introduction, Meaning, Definition, Features and Assumptions | VIEW |
| Marginal Cost vs. Absorption Cost Contribution | VIEW |
| Cost-Volume-Profit (CVP) Analysis, Concept, Meaning, Assumptions, and Importance | VIEW |
| Break-Even Analysis (BEA) | VIEW |
| Break-Even Point Calculation (in units and Sales Value) | VIEW |
| Margin of Safety | VIEW |
| Angle of Incidence | VIEW |
| Profit Volume Ratio (P/V Ratio) and its Applications | VIEW |
| Application of Marginal Costing in Decision Making | VIEW |
| Make or Buy Decisions | VIEW |
| Accepting or Rejecting Special Orders | VIEW |
| Product Mix Decisions (Limiting Factor Analysis) | VIEW |
| Pricing Decisions | VIEW |
| Profit Planning | VIEW |
| Shut Down Decisions | VIEW |
| Numerical Illustrations on Break-even calculations, Contribution margin Analysis, Decision-Making Scenarios Using Marginal Costing | VIEW |
| Unit 3 [Book] | |
| Standard Costing Fundamentals, Meaning, Objectives, Advantages and Limitations | VIEW |
| Setting Standards for Material, Labour, and Overheads | VIEW |
| Variance Analysis Techniques, Material Variances, Material Price Variance, Material Usage Variance, Material Mix and Yield Variance | VIEW |
| Labour Variances, Labour Rate Variance Labour Efficiency Variance Idle Time Variance Over Head Variance | VIEW |
| Sales Variances, Meaning and types (Concepts only) | VIEW |
| Application Spreadsheet-Based Variance | VIEW |
| Reporting Integration of Variance Reports with ERP Software | VIEW |
| Cost Control via Variance Reporting in Indian Manufacturing Firms | VIEW |
| Unit 4 [Book] | |
| Activity-Based Costing (ABC),Concept and Fundamentals, Characteristics and Benefits | VIEW |
| Advantages of ABC over Traditional Costing | VIEW |
| Key Principles and Framework Developed by Kaplan and Cooper | VIEW |
| Cost Drivers, Identification and Classification of Cost Drivers | VIEW |
| Cost Activities, Understanding Various Cost Activities in ABC | VIEW |
| Allocation, Methods and Process of Overheads under ABC | VIEW |
| Unit 5 [Book] | |
| Transfer Pricing, Meaning, Definition, Objectives | VIEW |
| Need and Significance of Transfer Pricing in Decentralized Organizations | VIEW |
| Relevance of Transfer Pricing in Domestic and International Contexts | VIEW |
| Pros and Cons of Transfer Pricing from Divisional and Group Perspectives | VIEW |
| Market-Based Pricing | VIEW |
| External Market Price as Transfer Price Suitable Conditions and limitations | VIEW |
| Negotiated Pricing | VIEW |
| Interdivisional Bargaining and Use of Interdivisional Bargaining in Absence of Perfect Market Data | VIEW |
| Conflicts | VIEW |
| Coordination | VIEW |
| Comparative Analysis and Selection Criteria of Methods | VIEW |