Cost Accounting


Prof. Varadraj Bapat

IIT Bombay

*Additional GST and optional Exam fee are applicable.

SKU: IIT Bombay Category:


This course discusses basic concepts of cost accounting and control. COURSE OBJECTIVES This course is designed to Help the participants to become intelligent users of cost information for (a) Computing cost of product/ process/ project/ activity. (b) Controlling and managing the cost (c) Decision making like pricing, Make or buy, profit planning. (d) Planning and Budgeting.


Students, employees, entrepreneurs (The course will apply to participants various disciplines like Engineering, Sciences, Management, Commerce, Arts, Humanities, Heath, Medicine)


Dr. CA. Varadraj Bapat has consulting and teaching experience of 25 years in Accounting, Audit and Finance. He has obtained professional qualifications in Chartered Accountancy, Cost Accountancy, and Information System Audit before obtaining PHD from IIT, Bombay. Authored 6 books published by reputed publishers like McGraw Hills. Many Research papers are published in high impact international journals. He has done numerous research projects. He is member of Board of Governors for IIT Guwahati and NIT Manipur. He has been member of NAAC Peer team and MHRD Autonomy team.


Certification Process

1. Join the course
Learners may pay the applicable fees and enrol to a course on offer in the portal and get access to all of its contents including assignments. Validity of enrolment, which includes access to the videos and other learning material and attempting the assignments, will be mentioned on the course. Learner has to complete the assignments and get the minimum required marks to be eligible for the certification exam within this period.

COURSE ENROLMENT FEE: The Fee for Enrolment is Rs. 1000 + GST

2. Watch Videos+Submit Assignments
After enrolling, learners can watch lectures and learn and follow it up with attempting/answering the assignments given.

3. Get qualified to register for exams
A learner can earn a certificate in the self paced course only by appearing for the online remote proctored exam and to register for this, the learner should get minimum required marks in the assignments as given below:

Assignment score = Score more than 50% in at least 3/4 assignments.
Exam score = 50% of the proctored certification exam score out of 100
Only the e-certificate will be made available. Hard copies will not be dispatched.”

4. Register for exams
The certification exam is conducted online with remote proctoring. Once a learner has become eligible to register for the certification exam, they can choose a slot convenient to them from what is available and pay the exam fee. Schedule of available slot dates/timings for these remote-proctored online examinations will be published and made available to the learners.

EXAM FEE: The remote proctoring exam is optional for a fee of Rs.1500 + GST. An additional fee of Rs.1500 will apply for a non-standard time slot.

5. Results and Certification
After the exam, based on the certification criteria of the course, results will be declared and learners will be notified of the same. A link to download the e-certificate will be shared with learners who pass the certification exam.


Course Details

Week 1:

  • Introduction to Cost Accounting
  • Classification of Costs
  • Marginal Costing
  • Cost Volume Profit Analysis
  • Margin of Safety

Week 2: 

  • Application of Breakeven Point Analysis
  • Sensitivity Analysis
  • Case of Ayur Pharma
  • Different Decision Scenarios and Profit Planning
  • Relevant Costs in Decision Making

Week 3: 

  • Case Study: Break-even point
  • Case Study: JSW ISPAT Steel
  • Case Study on Projection: Divya Aushadhi Ltd
  • Case Study: Shree Cements
  • Budgeting and Budgetary Control

Week 4:

  • Functional Budget
  • Cash Budget
  • Standard Costing And Variance Analysis
  • Material Cost Variance
  • Overhead Variance

Books and References

  • J. H. Rossell, W.W. Frasure and D.H. Taylor, Managerial Accounting, Merrill, Columbus, 2018
  • Colin Drury, Management & Cost Accounting, Cengage Learning EMEA, 2017
  • M N Arora, A Textbook Of Cost And Management Accounting , Vikas Publishing House, 2017


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