Course Number: BBM201, Course Title: COST ANALYSIS & CONTROL

Class: B.B.A., Status of Course: MAJOR COURSE, Approved since session: 2013-14
Total Credits: 3, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0),Min.pds./sem.:65

UNIT 1
Nature of Cost Accounting; Elements of Cost; Classification of Costs- Meaning,
objectives, significance and the difference between Cost and Financial Accounting and
output costing.
UNIT 2
Cost Accumulation System-Contract & Job costing; Process costing (excluding equivalent
production).
UNIT 3
Cost volume profit Relationship as a tool of profit planning; Break even point-Algebraic &
Graphic methods; Single product Firm & Multi product Firm.
UNIT 4
Marginal costing & Absorption costing System Income determinations, usefulness of
marginal costing as tool of decision making. Differential Costing/ incremental analysis as
tool of Decision making, Concepts of Incremental cost, sunk costs; relevant and
irrelevant costs etc.
UNIT 5
Standard costing and variance analysis as tool of cost centre (Material and Labour
variances).

SUGGESTED READINGS:
Khan & Jain: MANAGEMENT ACCOUNTING MN Arora: COST ACCOUNTING
Agrawal MN: COST ACCOUNTING Narang & Jain: COST ACCOUNTING
Maheshwari SN: COST ACCOUNTING Shukla M & Grewal TS: COST ACCOUNTING
Deanken & Mahar: COST ACCOUNTING Horngren: COST ACCOUNTING