SYLLABUS : UNIT – I Nature and Scope of Cost Accounting, Cost Vs. Management Accounting, Elements of Cost and their Classification, Methods and Techniques, Installation of Costing System, Concept of Cost Audit. Accounting for material: Material Control, Techniques, Pricing of material issues, Treatment of material losses. UNIT – II Accounting for Labour: Labour Cost Control, Procedure, Labour Turnover, Idle Time and Overtime. Methods of Wage Payment-Time and Piece rates, Incentive Schemes. Accounting for Overheads: Classification and Departmentalization, Absorption of Overheads ...
Introduction Project Monitoring & Control Ideal Control System Main Elements: Cost, Time, Quality and Safety Techniques: Leading parameter Activity based ratios Variances Earned Value Performance Measurement (EVPM) 2 Copyright 2007 blueVisions Management Pty Ltd Ideal Control System Example: Construction of a bridge Budget: $10’000’000 Project Duration: 1 year After 6 months, we have received an invoice of $5’000’000. The question is how much job really done? More accurate answer, ideal Control System 3 Copyright 2007 ...
Announcements Project Deliverables Project – Integration Mgmt Project – Scope Mgmt (due Friday) Exercise 2 – available Friday Midterm Next Monday 2 Importance of Project Schedules Managers often cite delivering projects on time as one of their biggest challenges Schedule issues are the main reason for conflicts on projects, especially during the second half of projects 3 Project Time Management Processes Process Integration Management Major Group Process Output P1: Defining Activities Activity List P2: Sequence Activities Project Schedule Network Diagram ...
This Week • Learning Outcomes of Module • Assessment Mechanism • Why Managers need Project Management (PM) Skills? • What is a Project? • Constraints of a Project • Why Projects Fail? • Local Mega Projects Success or Failure! • Current Mega Projects – World Perspective Learning Outcomes 1) Critically evaluate the nature of projects and the inter- relationship between time, cost and quality constraints 2) Critically evaluate the role of the project manager and the human resource elements of ...
NEED OF INVENTORY NEED OF INVENTORY CONTROL CONTROL TO ENSURE CONTINUOUS SUPPLY : IT IS REQURIED SO THAT PRODUCUTION SHOULD NOT SUFFER AT ANT TIME AND THE CUSTOMERS DEMAND SHOULD ALSO BE MET TO ENSURE PROPER INVESTMENT : THERE SHOULD BE NO OVERSTOCKING AND UNDERSTOCKING AND INVETORY CONTROL HELP IN IT. CONT’D CONT’D TOREDUSE THE MATERIAL COSTS: A GOOD INVENTORY CONTROL SYSTEM CAN LEAD TO MINIMIZATION OF MATERIAL COST. TO MINIMIZE LOSSES: IT CAN MINIMIZE THE LOSSES ...
History • Delivered more than 25 years. • Recognized by the University of Southern Queensland, Australia as an entry qualification for MBA programme with five exemptions. Module Structure (Semester 01) • Principles of Financial and Cost Accounting • Quantitative Techniques • Business Environment • Financial Planning and Control Module Structure (Semester 02) • HR Strategy • Financial Statement Analysis • Informational Strategy • Marketing Strategy Module Structure (Semester 03) • Strategic Management Accounting • Financing Strategy • Principles of Valuation ...
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