MBA 1st Semester Paper :Strategic Cost Analysis & Management : Gauhati University

Strategic Cost Analysis & Management

Unit 1: Introduction to Strategic Cost Analysis, Cost Management & Cost Accounting: Basic Concepts & Terms, Classification of Cost, Cost Management tools, Strategic view of Cost Management- Value Chain Analysis, Strategic Positioning Analysis, Cost Driver Analysis.

            Cost Elements: Direct Costs: Material Cost Management; Managing Purchase Functions, Storing of Materials, Valuing Material Issues, Operating Control Systems; Labour Cost Management : Methods of Remuneration.

Unit 2: Overheads: Definition and Classification, Production Overheads, Administration & Selling and Distribution Overhead.

Unit 3: Cost Control Accounts, Reconciliation of Cost and Financial Accounts, Job and Contract Costing, Process Costing, Process Losses and Internal Process Profits, Equivalents Production.

Unit 4: Marginal Costing, Conceptual framework, Marginal Costing and Management Decision. Standard Costing,  Cost and Sales Variances.

Unit 5: Cost Audit, Activity Based Costing, Target Costing, Life Cycle Costing, Bench Marking, Strategic Cost Management, Cost Reduction, Value Auditing and Value Engineering.

MBA 1st semester Paper : Quantitative Techniques in Management

Quantitative Techniques in Management

Unit 1: Differentiation, Law of Derivatives, Repeated Derivatives, Partial Differentiation, Maxima & Minima-single variable and multi variable functions.

Unit 2: Linear Dependence and Independence of Vector, Determinants, Matrices, inverse of matrix, system of linear equation and their solution- using matrix inverse method.

Unit 3: Measures of Central Tendency and Measures of Dispersion; Probability-types, addition and multiplication, Bayes’ Theorem; Discrete and Continuous Probability Distribution- Binomial, Poisson and Normal Distribution.

Unit 4: Concept of Sampling Distributions; Type I & Type II errors, Chi-square test, Hypothesis testing- Single and Two Population, Z test, t test.

Unit 5: Correlation and simple linear regression, Rank Correlation, Time series analysis.

Unit 6: Decision Theory; Decision under uncertainty and risk, Decision Criteria; Bayesian Analysis: Posterior Analysis; Decision Tree; Markov Chains.