3162MG115 - COST ACCOUNTING AND DECISION MAKING

L-3 T-0 P-0 C-3

1. PREAMBLE
This course 3162MG115 - Cost Accounting and Decision Making course examines the
financial planning and asset allocation of high net worth individuals and also includes private
banking, estate planning, investment management with a goal of sustaining and growing long
term wealth.

2. PRE-REQUISITE
A foundation level knowledge of financial concepts and its applications are highly essential to
understand the financial decisions.

3. LINKS TO OTHER COURSES

Principles of Management and Cost Accounting I

4. COURSE EDUCATIONAL OBJECTIVES

1. The students will be enabled to understand the concept of Cost Accounting,
2. To be well versed of the basic concepts and processes in determination of cost and
benefits of business activities.
3. To apply the techniques of process costing
4. Empower the students to analyze and interpret the financial figures through various tools
in Marginal costing

5. COURSE OUTCOMES
To introduce the students with financial management concept at a personal level, with special
emphasis placed on the development of a plan or strategy.

CO Course Outcomes Level of Learning

Nos domain (Based on
Revised Blooms)
CO1 To understand the concepts of cost Accounting K1
CO2 Provide students with basic cost sheets and an excellent K2
introduction to financial management concepts.
CO3 To apply the techniques of process costing K3
CO4 To analyze and interpret the financial figures through various K1
tools in Marginal costing
CO5 To apply the techniques of Decision making K2

6. COURSE CONTENTS

MODULE I: INTRODUCTION L-9

Nature and scope of Cost Accounting Cost accounting Vs Financial accounting and
Management accounting-Cost analysis, concepts and Classifications-Installation of costing
systems- cost centers and profit centers-Responsibility accounting.

MODULE II: COST SHEET L-9

Elements of CostDirect and Indirect costs-Cost sheets Purpose of cost sheet-Specimen of Cost
Sheet-Tenders and Quotations- Materials: Meaning of material control-Essentials of Material
control-Advantages of Material control-Store keeping-Bin Card-EOQ- Methods of determining
EOQ- Material cost: FIFO-LIFO-Simple average- Weighted average-ABC analysis.

MODULE III: PROCESS COSTING L-9

Process costing- Types of industries using process costing-Important aspects of process - Basic
steps for solution of problems in process costing-process costing with Normal Loss-Abnormal
Loss- Abnormal gain-Adjustment of scrap value-Inter profits in process costing

MODULE IV: MARGINAL COSTING L-9

Definition of Marginal Cost-Marginal Costing-Advantages and limitations of Marginal Costing-
costing and cost volume profit analysis: variable cost-fixed cost- Contribution-Break Even
Analysis-Breakeven point-Profit volume ratio-margin of safety-angle of incidence-profit
planning-simple problems

MODULE V: DECISION MAKING L-9

Short term decision making-Long tern and short term decisions-Relevant cost concepts- Fixed
cost/sunk cost and Decision making- Comparison of total cost and total revenue-Opportunity
cost- Multiple alternative decisionssome major short term decisions-Retain of replace
decisions-make or buy decisions-Decision to shutdown facilities-What price to pay for raw
materials-Expand or contract-Decision making and Limiting factors

TOTAL: 45 periods
7. TEXT BOOKS

1. Cost and Management Accounting problem and cases My.Khan and PK. Jain Tata
Mcgraw Hill, 2013

8. REFERENCES
1. Cost accounting By S.N.Maheswari, TataMcgraw Hill Co.
2. Management and Cost Accounting: Andreas Taschner, Michel Charifzadeh
3. Cost accounting and Management accounting Marghanm publications PVT Ltd
 3162MG128 - SUPPLY CHAIN MANAGEMENT
L-3 T-0 P-0 C-3
1. PREAMBLE
This course 3162MG128 -SUPPLY CHAIN MANAGEMENT given the competitive business
forces operating in the global arena, supply chain management form the back bone of any
organizations operating structure. Flawless execution of agile supply chain strategies brings a
company to the path of sustainable profitability. Due to ever growing competition and decline in
profit margin the organizations are forced to introspect and bring out individual excellence
model reengineering their business processes. Hence, this course hovers over the basic functions
of supply chain management across industries and the importance of supply chain integration to
ensure profitability.

2. PRE-REQUISITE
Basic concepts of Economics, Accounting, marketing and operations

3. LINKS TO OTHER COURSES

MBA in Operations Management, M.B.A in International Transportation and Logistics
Management

4. COURSE EDUCATIONAL OBJECTIVES

The fundamental objectives of this course are:
1. To provide an understanding of logistics while emphasizing the importance of SCM in
different industries.
2. To provide an integrated view of purchasing, production, distribution and logistics function

5. COURSE OUTCOMES
Upon successful completion of this module, the students will be able to:
CO Course Outcomes Level of Learning
Nos domain (Based on
Revised Blooms)
CO1 Remember the significance of SCM, network design K1
decisions and models and scheming distribution network
in supply chain management
CO2 Understand and appreciate the design & importance of K2
supply chains in practice
CO3 Understand the sourcing decisions in supply chain Pros K2
and cons of 3 PL/4PL and various types of RSP.
CO4 Understanding and evaluating the performance of supply K3
chain and control it effectively
CO5 Understanding the various international and ethical issues K2
in supply chain

6. COURSE CONTENTS
MODULE I :INTRODUCTION L-9
Introduction Objective - Importance - Decision Phases Process views of supply chain -
Enablers/ Drivers of Supply Chain Performance - Supply chain strategy - Supply Chain
Performance Measures Challenges in supply chain - Push-Pull systems Case study
MODULE II :STRATEGIC SOURCING L-9
Outsourcing Make Vs buy - Identifying core processes - Market Vs Hierarchy - Make Vs buy
continuum -Sourcing strategy - Supplier Selection: Auctions & Negotiation. Creating a world
class supply base - Supplier Development - World Wide Sourcing.
MODULE III :DESIGN OF SUPPLY CHAIN NETWORK L-9
Distribution Network Design Role of distribution - Design Options for a Distribution Network
Distribution Strategies - Models for Facility Location and Capacity allocation - Impact of
uncertainty on Network Design - Network Design decisions using Decision trees Case Study.
MODULE IV :PLANNING DEMAND, INVENTORY AND SUPPLY L-9
Managing Economies of Scale in a Supply Chain: Cycle Inventory - Managing Uncertainty in a
Supply Chain: Safety Inventory - Risk Pooling Pricing and Revenue Management in a Supply
Chain Case study
MODULE V: CURRENT TRENDS L-9
Supply Chain Integration - Bullwhip Effect - Effective forecasting - Coordinating the supply
chain -SC Restructuring - SC Mapping - IT in Supply Chain - Agile Supply Chains -Reverse
Supply chain - Agro Supply Chains.
TOTAL: 45 Periods
7.TEXT BOOKS
1. Sunil Chopra and Peter Meindl, Supply Chain Management-Strategy Planning and Operation,
PHI Learning / Pearson Education, 2007.
2. Janat Shah, Supply Chain Management Text and Cases, Pearson Education, 2009.

8. REFERENCE BOOKS
1. Ballou Ronald H, Business Logistics and Supply Chain Management, Pearson Education, 5 th
Edition, 2007.
2. David Simchi-Levi, Philip Kaminsky, Edith Simchi-Levi, Designing and Managing the Supply
Chain: Concepts, Strategies, and Cases, Tata McGraw-Hill, 2005.
3. Altekar Rahul V, Supply Chain Management-Concept and Cases, PHI, 2005.
4. Shapiro Jeremy F, Modeling the Supply Chain, Thomson Learning, Second Reprint , 2002.
5. Joel D. Wisner, G. Keong Leong, Keah-Choon Tan, Principles of Supply Chain Management-
A Balanced Approach, South-Western, Cengage Learning 2008.
 3162MG127 - LOGISTICS MANAGEMENT
L-3 T-0 P-0 C-3
1. PREAMBLE

The objective of this logistics course 3162MG127 - LOGISTICS MANAGEMENT

is to give students a managerial knowledge of basic concepts and principles of logistics. These
include the management of core logistics functions, cost integration, warehouse and inventory,
material handling and distribution, transportation, cargo and its regulation and documentation
process. This will approach issues from a dual perspective of managing logistics to reduce cost
and to create competitive advantage.

2. PRE-REQUISITE
For an optimum grasp from this course, candidates will need to revive basic knowledge of
Marketing, economics.

3. LINKS TO OTHER COURSES

All Diplomas, post graduate diploma, master degree courses related to logistics.

4. COURSE EDUCATIONAL OBJECTIVES

1. To provide the participants with a good knowledge on logistics management and how
these topics can be related with the organization and their business needs.
2. To impart methods, modes and regulations related to logistics that the student can
incorporate with the current business scenario.

5. COURSE OUTCOMES
Upon successful completion of this module, the students will be able to:

CO Nos Course Outcomes Level of Learning

domain (Based on
Revised Blooms)
CO1 Remember the origin, concepts and terminology K1
of logistics and significance of customer service in
logistics
CO2 Understand different methods in forecasting, K2
routing, material handling and channel of
distribution
CO3 Understand suitable inventory methods and K2
practices at the workplace
CO4 Remember the rules and regulations related to K1
handling of cargo, general laws related to marine
insurance.
CO5 Remember the basic documentation procedures K1
and the importance of third party logistics

6. COURSE CONTENTS
MODULE: ILOGISTICS MANAGEMENT-OVERVIEW L-9
Logistics Management: Definition objectives and scope customer value chainrole of
logistics in supply chain Customer Service Customer service phases service attributes and
value added logistics services
MODULE: II DISTRIBUTION CHANNELS AND OUTSOURCING LOGISTICS L-9
Distribution channel structure - channel members, channel strategy, role of logistics and support
in distribution channels. Logistics requirements of channel members. Logistics outsourcing
catalysts, benefits, value proposition. Third and fourth party logistics. Selection of service
provider.

MODULE: III TRANSPORTATION AND PACKAGING L-9

Transportation System Evolution, Infrastructure and Networks. Freight Management Vehicle
Routing Containerization. Modal Characteristics, Inter-modal Operators and Transport
Economies. Packaging- Design considerations, Material and Cost. Packaging as Unitisation.
Consumer and Industrial Packaging.

MODULE: IV PERFORMANCE MEASUREMENT AND COSTS L- 9

Performance Measurement Need, System, Levels and Dimensions. Internal and External
Performance Measurement. Logistics Audit. Total Logistics Cost Concept, Accounting
Methods. Cost Identification, Time Frame and Formatting.

MODULE: VCURRENT TRENDS L-9

Logistics Information Systems Need, Characteristics and Design. E-Logistics Structure and
Operation. Logistics Resource Management eLRM. Automatic Identification Technologies.
Reverse Logistics Scope, design and as a competitive tool. Global Logistics Operational and
Strategic Issues, ocean and air transportation. Strategic logistics planning. Green Logistics
TOTAL: 45 Periods
7. TEXT BOOKS
1. V.V.Sople, Logistics Management, Pearson Education, Latest Edition
2.G.Raghuram& N Rangaraj,Logistics and Supply Chain Management - Cases and Concepts.
Macmillan.

8. REFERENCE BOOKS
1.Janat Shah, Supply Chain Management: Text and Cases, 1st Edition, Pearson.
2.Shipping and Logistics Management by Yuen Ha Lun, Kee Hung Lai, Tai Chiu Edwin Cheng
(Springer)
3.Logistics and Distribution Management by Alan Rushton, Phil Croucher& Peter Baker (CILT)
4.Maritime Security and the Law of the Sea by Natalie Klein (Oxford University Press)
5.Marine Cargo Claims (International shipping laws) by William Tetley (Intl Shipping Pubns)
6.SimonBaughen Shipping Law Cavendish Publishing
 3162MG139 TOTAL QUALITY MANAGEMENT
L-3 T-0 P-0 C-3
1. PREAMBLE
The course deals with concepts of quality management and the theories associated
with it. The course also deals with the ISO standard and tools used in quality management.

2. PRE-REQUISITE
For an optimum grasp from this course, candidates will need to revive basic knowledge of
Quality management concepts.

3. LINKS TO OTHER COURSES

All Diplomas, post graduate diploma, master degree courses related to Production &
logistics

4. COURSE EDUCATIONAL OBJECTIVES

1. To study the importance of Quality management.
2. To understand the theories and philosophies of quality gurus.
3. To know about the tools and techniques in quality management.

5. COURSE OUTCOMES
Upon successful completion of this module, the students will be able to:

CO Nos Course Outcomes Level of Learning

domain (Based on
Revised Blooms)
CO1 To remember the basic concepts of quality K1
management
CO2 To remember the theories in quality management K1
CO3 To understand about the SPC and QFD process K2
CO4 To remember about the theories in quality K1
management.
CO5 To understand the need for ISO standards. K2

6. COURSE CONTENTS
MODULE I INTRODUCTION L-9
Quality vision, mission and policy statements. Customer Focus customer perception of
quality, Translating needs into requirements, customer retention. Dimensions of product and
service quality. Cost of quality.

MODULE II PRINCIPLES AND PHILOSOPHIES OF QUALITY MANAGEMENT L-9

Overview of the contributions of Deming, Juran Crosby, Masaaki Imai, Feigenbaum, Ishikawa,
Taguchi techniques introduction, loss function, parameter and tolerance design, signal to
noise ratio. Concepts of Quality circle, Japanese 5S principles and 8D methodology.

MODULE III STATISTICAL PROCESS CONTROL L-9

Meaning and significance of statistical process control (SPC) construction of control charts for
variables and attributes. Process capability meaning, significance and measurement Six
sigma - concepts of process capability. Reliability concepts definitions, reliability in series and
parallel, product life characteristics curve. Total productive maintenance (TMP),
Terotechnology. Business Process Reengineering.
MODULE IV TOOLS AND TECHNIQUES FOR QUALITY MANAGEMENT L-9
Quality functions development (QFD) Benefits, Voice of customer, information organization,
House of quality (HOQ), building a HOQ, QFD process. Failure mode effect analysis (FMEA)
requirements of reliability, failure rate, FMEA stages, design, process and documentation. Seven
Tools (old & new). Bench marking and POKA YOKE.

MODULE V QUALITY SYSTEMS ORGANIZING AND IMPLEMENTATION L-9

Introduction to IS/ISO 9001:2015 quality management systems guidelines for performance
improvements. Quality Audits. TQM culture, Leadership quality council, employee
involvement, motivation, empowerment, recognition and reward - TQM framework, benefits,
awareness and obstacles.
TOTAL 45 Periods

7. Text books:
1. Dale H.Besterfield, Carol Besterfield Michna, Glen H. Besterfield, Mary Besterfield
Sacre, Hermant Urdhwareshe, RashmiUrdhwareshe, Total Quality Management,
Revised Third edition, Pearson Education, 2011
2. ShridharaBhat K, Total Quality Management Text and Cases, Himalaya Publishing
House, First Edition 2002.

8. References:
1. Douglas C. Montgomory, Introduction to Statistical Quality Control, Wiley Student
Edition, 4 th Edition, Wiley India Pvt Limited, 2008.
2. James R. Evans and William M. Lindsay, The Management and Control of Quality, Sixth
Edition, Thomson, 2005.
3. PoornimaM.Charantimath, Total Quality Management, Pearson Education, First Indian
Reprint 2003.
4. Indian standard quality management systems Guidelines for performance
improvement (Fifth Revision), Bureau of Indian standards, New Delhi
 3161MG102- LEGAL ASPECTS OF BUSINESS
L-3 T-0 P-0 C-3

1. PREAMBLE
This course 3161MG102- LEGAL ASPECTS OF BUSINESSis primarily to study the branch
of law which governs and regulates the trade and commerce.

1. PRE-REQUISITE
Basic knowledge about General law.

2. LINKS TO OTHER COURSES

Provide basis to study Industrial Relations and Labour Welfare course and all Law courses.

3. COURSE EDUCATIONAL OBJECTIVES

1. To give an exposure to such laws important and appropriate to a business
organisation.
4. COURSE OUTCOMES
Upon successful completion of this module, the students will be able to:
CO Nos Course Outcomes Level of Learning
domain (Based on
Revised Blooms)
CO1 Understanding the fundamental aspects of Indian K2
contract Act and Sale of Goods Act.
CO2 Remember the fundamental aspects of Negotiable K2
Instruments Act
CO3 Understanding the fundamental aspects of Factories K2
Act, Payment of Wages Act, Payment of Bonus Act,
Minimum Wages Act and Industrial Disputes Act.
CO4 Knowledge of the fundamental aspects of Companies K2
Act.
CO5 Able to understand the fundamental aspects of K2
Partnership Act and LLP Act.

5. COURSE CONTENTS
MODULE I: LAWS OF CONTRACT AND SALE OF GOODS L-9
Contract- definition, meaning-Essential elements of contract - Types of Contracts Performance
of the Contract - Discharge of Contracts - Breach of Contract and Remedies. Sale of Goods -
Sales Contract Goods - Warranties and conditions in sales contract - Performance of sales
contracts - Conditional sales and rights of an unpaid seller.

MODULE II: LAW OF NEGOTIABLE INSTRUMENTS L-9

Negotiable Instruments Characteristics and Classification of Negotiable Instruments Parties
to a Negotiable Instrument Crossing of Cheques and Protection to paying banker and collecting
banker Holder in due course Liabilities of parties on dishonor of instruments.

MODULE III: INDUSTRIAL LAW L-9

Essentials of Factories Act 1948 - Payment of Wages Act 1936 - Payment of Bonus Act 1965-
Minimum Wages Act 1948 - Industrial Disputes Act 1947.

MODULE IV: COMPANIES ACT 2013

Introduction- Comparative analysis between companies Acts 1956 and 2013-Important changes-
Setting up of a company- Management and administration- Directors Accounts and audit-
Dividend- Compromises, arrangements and amalgamations- Revival and rehabilitation of sick
companies-corporate social responsibility-Implications on private companies.

MODULE V: ECONOMIC LEGISLATION L-9

Consumer Protection Act 1986-Indian Partnership Act 1932-LLP Act 2008.

TOTAL: 45 periods
7. TEXT BOOKS
1. Business Laws - N.D. Kapoor, Sultan Chand and Sons
2. Kucchal, MC, Business Law, Vikas Publications

8. REFERENCE BOOKS
1. Satish. B. Mathur, Business Law, Tata McGraw Hill
2. Goel, Business Law for Managers, Biztantra Publication
3. Legal Aspects of Business 5th Edition (Akhileshwar Pathak) McGraw Hill Education
 3161MG103 MANAGERIAL ECONOMICS
L-3 T-0 P-0 C-3

1. PREAMBLE

This course 3161MG103 MANAGERIAL ECONOMICSis designed to provide you with

some of the tools and strategic insights from economics that are most useful for managerial
decision-making. It helps you to analyze business problems and look at them from a number
of different perspectives. It takes into account management decision-making in a variety of
competitive environments and across a range of firm sizes. It is not only applicable and
useful for business organizations, but also for government departments and non-profit
organizations. On the whole, it bridges economic theory and economics in practice with
specific business decisions.

2. PRE-REQUISITE
To know the fundamental concept of economics in various aspects

3. LINKS TO OTHER COURSES

Fundamental to MBA Programme.

4. COURSE EDUCATIONAL OBJECTIVES

To Comprehend economic theories & Principles so as to render the business so strong and
act socially viable.

5. COURSE OUTCOMES
Upon successful completion of this module, the students will be able to:
CO Nos Course Outcomes Level of Learning
domain (Based on
Revised Blooms)
CO1 Investigate and interpret micro and macro-economic K3
environment and to conduct business with long term
perspectives.
CO2 Analyse and interpret the dynamics of demand and K3
supply and also to drive decisions.
CO3 Understand different markets and to handle business K2
decisions accordingly.
CO4 Evaluate macro indicators and to strengthen the K3
business outlook under the prevailing economy.
CO5 Analyse and interpret money market operations and K3
navigate the business sustainability robust.

6. COURSE CONTENTS
MODULE I: INTRODUCTION L-9
Introduction to Managerial Economics: Scope of Managerial Economics and other disciplines,
Basic economic concepts in decision making, Distinction between Micro and Macroeconomics,
Marginal analysis, Objective of a firm the role of markets and government.

MODULE II: MICRO ECONOMICS L- 9

Demand Analysis; Law of Demand, Exceptions to the law of Demand, Determinants of Demand.
Elasticity of Demand- Price, Income, Cross and Advertising Elasticity; measurement of
Elasticity of Demand.; Law of Supply, Supply Elasticity; Analysis and its uses for managerial
decision making. Cost concepts.

MODULE III: MARKET STRUCTURE AND FACTOR MARKET L-9

Market different market structures Market Structure: Perfect Competition, features,
determination of price under perfect competition.
Monopoly: Feature, pricing under monopoly, Price Discrimination.
Monopolistic: Features, pricing under monopolistic competition, product differentiation.
Oligopoly: factor market Land, Labour and capital

MODULE IV: MACRO ECONOMICS-I L-9

Macro-economic aggregates circular flow of National Income National income determination
Calculation of national Income Aggregate demand and supply Components of aggregate
demand andeffect Business Cycle- Role of Fiscal policy.

MODULE V: MACRO ECONOMICS-II L-9

AGGREGATE SUPPLY AND THE ROLE OF MONEY
Unemployment and its impact Inflation and the impact reasons for inflation Types of
inflation- Money market- Demand and supply of money money-market Structure and. Factors
determinants of demand and supply of money-Measurement of money supply-RBI and the role
of monetary policy
TOTAL: 45 periods

7. TEXT BOOKS
1. Mehta, P.L. Managerial Economics. Sultan Chand and Sons, New Delhi.
2. Damodaran Suma Managerial Economics (Oxford 2006)

8. REFERENCE BOOKS
1. Hirschey Mark Economics for Managers (Thomson, India Edition, 2007)
2. Petersen Craig H. et al. Managerial Economics (Pearson Education, 2006)
3. Dominick Salvatore - Managerial Economics (Oxford, 2007)
4. Atmanand Managerial Economics (Excel Books, 2007)
5. Mithani D.M. - Principles of Economics (Himalaya Publishing House, 2005).
6. DwivediD.N. - Managerial Economics (Vikas Publication, 7th Edition)