NIDS NTAG Series Course Accounting and Cost Analysis Version JULY 1999

Name of Course : Accounting and Cost Analysis

Duration of Course: 1 to 2 Year

Class Duration : 2 Hours Daily (Mon-Sat )



PAPER I

COST ANALYSIS AND CONTROL

Objectives: The objective of the course is to make the students aware of the format and procedures and develop skills in accounting of major elements of cost.



Course Contents:

Unit 1: Material Accounting and Control: Stores Ledgers; Material Abstract; Computation of Material Cost per unit of output: Inventory management and inventory



PAPER II

COST AND MANAGEMENT ACCOUNTING

Objectives: This course has been designed with a view to provide a working knowledge of the various methods and techniques of costing as employed in present day business enterprises for cost ascertainment and cost control Course Contents

Unit 1: Unit costing Job Order Costing: Job costing; Batch costing and contract costing Unit 2: Process Costing: Process costing, operation costing, multiple costing, By Product and joint product costing

Unit 3: Variable Costing: Income statements under absorption and variable costing; Cost Volume-Profit Analysis; Break-even and shut down points

Unit 4: Budgetary Control and Standard Costing: Budgetary process and types of budget; Static v/s flexible budgeting; programme and performance budgeting: Zerobase budgeting, standard costing-Concept of standard costs. Setting up of Standards; Variance analysis

Unit 5: Responsibility Accounting and Reporting: Establishment of responsibility; controllable and non controllable costs. Reporting and presentation of information to different levels



PAPER III

COST AND MANAGEMENT AUDIT

Objectives: To provide students an insight into the dimensions of the cost and management audit with practical focus on analysis of key result areas. Course Contents Unit 1: Introduction: Meaning; Necessity and types of audit; Generally accepted auditing Principles and techniques; Standard auditing practices

Unit 2: Cost Audit: Characteristics, scope and functions of cost audit; Benefits and limitations, Provisions of cost audit in companies Act; Cost audit rules

Unit 3: Cost Audit Procedure: Cost Accounting rules for various industries. Cost audit programme and procedure; cost audit rules

Unit 4: Management Audit: Management audit vis-à-vis financial audit and cost audit. Audit of various Operations and management functions. Man Power and social audit

Unit 5: Government and Tax Audit: Audit of Government department and public sector



PAPER IV

PRODUCTION MANAGEMENT AND CONTROL

Objectives: To provide an insight into the factory Management. Engineering economics and production planning. Course Contents:

Unit 1: Introduction: Planning; Implementation and control; Line and staff organization; Harmonious and execution of responsibilities by workers, foremen and management; Various types of control. Structuring of business reports with reference to key information

Unit 2: Material and Units of Measurements: Cast iron, mild steel, alloy steel, aluminum, copper, brass and bronze, Length mass, time, velocity, acceleration, force, momentum, moment of force and couple, work and energy, electricity

Unit 3: Plant Layout, Stores and Maintenance: Factory Layout, and site selection; Plant Layout and design; Working condition, Location, and arrangement of stores and tools room. Duties of store-keeper. Cost of breakdown, Maintenance cost of preventive Maintenance

Unit 4: Production Planning and Control: Objectives and functions; Routing, scheduling, dispatching and expediting. Quality assurance process and inspection oriented quality control, Quality circle

Unit 5: Cost Reduction Techniques: Time and method studies; Standard time calculations. Value engineering and analysis; Net work analysis and Linear Programming (Graphic Methods simplex with two variables only)