1. Punjab College of Technical Education Ludhiana
COURSE - PLAN
Course Instructor: Pankaj Maini
E-mail: p_maini@yahoo.co.in
Subject Name: Cost and Management Accounting
Subject Code: BB-303
Total Lectures: 49
Assignments: 3
Activities: 3
Case Studies: 3
Max. Marks: 100
External Marks: 60
Internal Marks: 40
The 40 marks will be divided as follows:
MSE 15 marks
Presentation: 5 marks
Hourly test 1: 5 marks
Hourly test 2: 5 marks
Assignments: 5 marks
Case study: 5 marks
Objective: The main objective of this course is to enable the students to know why cost
accounting is important and how we can calculate cost of a product. This course contains
topics like budgetary control, cash flow statement, fund flow statement by which we will
learn how to prepare a budget for a business and why it is so important along with we will
know the procedure to preparation of cost sheet, fund flow statement and cash flow
statement. We will take this course in a very practical manner.
Lecture Course Contents Assignment Case
No. Study
1 Introduction of subject: Cost and Cost
Accounting
2 Objectives, Advantages and
Disadvantages.
3 Material Control
4 Labour Control Assignment –
1
5 Overhead Control
6 Fixed and Variable
7 Direct and Indirect
8 Tutorial
9 Case-
1
10-13 Preparation of cost sheet
First Hourly Test
14-18 Marginal costing

2. Marginal cost vs. marginal costing
P/V ratio
Break even analysis
Margin of safety
Application of marginal costing
19 Tutorial
20-24 Standard Costing and Variance analysis Assignment –
Material Variances 2
Labour Variances
25 Case-
2
26-28 Reconciliation of cost and financial
analysis
Second Hourly Test
29-33 Fund Flow Statement Assignment –
3
34 Tutorial
35-39 Cash Flow Statement
40 Tutorial
41 Case-
3
MSE
42-45 Budgetary Control
46 Tutorial
47 Tutorial
48 Tutorial
49 Tutorial
Assignments:
The students must do these assignments and submit for marking. The assignments form
part of the students’ continuous assessment.
1 Students will visit an industry and they will prepare a cost sheet.
2 Students in a group of 4 will start a new industry and for that they will prepare a budget.
3 Few practical problems will be given as an assignment.
Practical activities:
1. Students in a group of 2 they will select a product of a company they will calculate the cost
of the same product.
2. One student from business family with another from non-business family will prepare cash
flow statement of their business.
Case studies:
Case studies will be numeric in nature from 2 books
1. Management accounting by Khan and Jain Tata McGraw hill pub.
2. Management accounting by Paresh Shah Oxford.

3. Reffernces:
Name of book Publication Author’s name
1. Cost accounting PHI Bhabatosh Banerjee
2. Cost management Tata McGraw Hill Hilton, Maher, Selto
3. Management accounting Oxford Paresh Shah
4. Cost accounting Tata McGraw Hill Khan, Jain