COURSE OBJECTIVE: The course is designed to provide an understanding of the basic elements, concepts and system of cost accounting and the use of costing information in managerial decision-making. Major topics covered are: An orientation to Cost Accounting: Purpose of Cost Accounting, Elements of cost. Kinds of costing, Classification of Costs: Material, Labour and Overhead Costs; Costing Systems; Marginal Costing; Standard Costing; Variance Analysis; Costing for Managerial Decisions.

COURSE STRUCTURE:
Break-Even Analysis: Meaning, Graphic presentation. Managerial uses of Break-even analysis. budgeting.
Capital Structure: Concept, Principles, Criteria of its determination, Trading Equity, Leverages
Acquisition of funds: External and internal forms of corporate financing. External forms - Shares and Debentures. Internal forms - Ploughing Back of Profits. Forms of dividends
Working Capital Management: Meaning, Significance and Factors influencing the level of Working capital.
Budgeting: Definition of a budget. Kinds of budgets
Capital Expenditure decisions: Process of Capital Budgeting, Basic principles in estimating cost and benefits of investments, Appraisal Criteria – pay back period, Average rate of return; net present value, benefit cost ratio, internal rate of return.

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