Why this course?

Description

HandE Learning is the largest Management and Degree Subject based E-learning institute of India with 200,000 students offers most comprehensive and practical internship programmes across more than 20 subjects in 100 plus topics or concepts. 
Collegiate Internship is the most Practical and Experiential Learning based programme includes complete subject learning, assignments and projects in different degree subjects, management and job function-based topics. This follows the complete guideline of UGC and NEP 2020 applicable to all the colleges and institutions across India. 

Collegiate is an IPO (Internship providing org) offers complete Internship for Undergraduate students in Online and Offline mode through various digital and tech labs in actual work situations in on-site experiential learning for real industry and research project in various subject for advance learning with application
1.The Internship is in actual work environment or digital/tech labs with outcome based learning and actual industry projects/assignments
2.Professional development through special sessions, exposure to digital and physical work environment through labs and industry environment 
3. Complete exposure to research aptitude by sharpening knowledge enhancement, analyzing, documentation, reporting and presenting. Exposure to emerging technologies in AI, ML, Analytics, digital tools
4.Entrepreneurial capabilities development by providing exposure and knowledge on how an organisation and business runs and required capabilities or functions to manage that.

The following structure for Internship would be followed
1.    Mentors and Supervisors would be allocated
2.    Mentors would be experienced people like research scientists, academicians, industry professionals, entrepreneurs and other experts, etc 
3.    All projects would be individual or few group projects
4.    Internship would be linked to the outcomes of value-added/skill- development/ability enhancement.

Check: https://www.collegiate.info/ | https://www.collegiate.info/subjects 

Description:

This course provides an in-depth understanding of cost accounting principles and their application in management decision-making. It covers various cost concepts, cost allocation methods, cost behavior analysis, and cost-volume-profit analysis. Additionally, the course explores budgeting, variance analysis, performance measurement, and strategic cost management techniques.

Key Highlights:

• Learn key cost accounting principles
• Understand various cost allocation methods
• Analyze cost behavior and its impact on decision-making
• Apply cost-volume-profit analysis for strategic decision-making
• Explore budgeting and variance analysis techniques
• Learn performance measurement and strategic cost management

What you will learn:

• Learning Outcome 1
  Understand the fundamental concepts and principles of cost accounting.
• Learning Outcome 2
  Analyze various cost allocation methods and apply them in real-world scenarios.
• Learning Outcome 3
  Evaluate cost behavior patterns and their implications on decision-making.
• Learning Outcome 4
  Apply cost-volume-profit analysis to make strategic business decisions.
• Learning Outcome 5
  Learn budgeting techniques and analyze variances for performance evaluation.
• Learning Outcome 6
  Explore performance measurement tools and strategies for effective cost management.

Assignment 1: Introduction to Cost Accounting 
Objective: To assess students' understanding the comprehensive assignment on Introduction to cost accounting, covering essential topics and steps for conducting market analysis.

Project Title : Understanding and Implementing Cost Accounting in a Manufacturing Business
Objective: The project aims to provide a comprehensive understanding of cost accounting by exploring its fundamental concepts, classifications, and methodologies. It involves the development and implementation of cost accounting systems tailored to a manufacturing environment, enabling accurate data collection and cost allocation. By utilizing cost data, the project seeks to analyze, control, and reduce costs effectively, ensuring efficient resource utilization. Additionally, it focuses on supporting strategic decision-making by providing insights into pricing, budgeting, and operational efficiency, thereby aiding management in making informed choices. Finally, the project enhances the accuracy and usefulness of internal financial reports, improving their relevance and reliability for management's decision-making processes.

Assignment 2: Costing and Control of Labor
Objective: To assess students' understanding the comprehensive assignment on Market Automation covering essential topics and steps for conducting market automation.

Project: Costing and Control of Labor in Manufacturing Operations 
Objective: The primary objective of this project is to establish a robust framework for accurately determining and managing labor costs within a manufacturing organization. This involves a detailed analysis and classification of labor costs into direct, indirect, and overhead categories. The project seeks to implement effective control mechanisms, such as monitoring systems and variance analysis, to manage these costs efficiently. Additionally, it aims to enhance labor efficiency by identifying and addressing inefficiencies, thereby reducing costs without compromising quality. By optimizing the allocation of human resources, the project strives to maximize productivity and profitability, ensuring the organization's long-term operational and financial success.