Syllabus of National Institute of Technology - Tiruchirappalli (NIT-T) MBA - MB725 Cost System & Cost Control

Organisation of Costing department -Role of Cost Auditor - His rights - Responsibilities - Liabilities - both under companies Act, 1956 - Cost & works Accountants Act 1959.

Cost accounting records rules u/s 20(1) (d) cost audit reports u/s 233 (B) of Companies Act, 1956.

Budgeting -Functional budgets - Master budgets - Flexible budgets - Budgeting with network analysis-Zero based budgets - Performance budgets.

Role of costing in pricing joint products - Multiple product pricing.

Marginal costing techniques in decision making -significance of relevant costs - Stock valuation – Cost accounting for service industries - Organisational structures and cost control systems.

Book :

1. Charles T. Horgren & Fostel G., "Accounting for Management Control", 7th Ed., Prentice Hall, 1990.