GROUP ASSIGNMENT DETAILS
Objective: To apply the concepts learnt in the course to a hypothetical/real situation (since live projects
and data are hard to come by, unlike in Financial accounting where data is available on the public domain).
Avoid having a simplistic product line (1 or 2 products). Instead, DO try to make it more complex in terms
of products/services, nature of costs, etc.
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The groups would consist of 7 students each, making a total of 6 groups
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By session 4, you will select an activity/ industry of your choice.
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Before you decide the activity details, you should also discuss among yourselves and formalize
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products/services
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the scope of activity and
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Budgeting period (usually a year).
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You will then make a list of the expenses and income you estimate for the year, head wise.
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The flow of activities/production process would also be very useful if clearly outlined and
pictorially shown. Classify costs as fixed and variable, direct Vs. indirect etc.
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The project ends when the cost is absorbed into the product i.e. cost object
Components of evaluation:
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Introduction (context, layout, market segment details, etc.)
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Detailing of expenses and drivers
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Allocation and absorption
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Management accounting tools like CVP, variance analysis etc.
Submission
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PowerPoint presentation (Maximum 20 slides including all calculations)
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Excel file with detailed calculations
Industry/Firm
The groups are free to choose real or hypothetical examples. The real examples can be converted into
academic cases later. For e.g., estimating cost per wedding, cost per room, hiring of an employee, surgery
etc.; cost volume profit analysis of a yoga center, spa center, food chain etc.; estimating average
professional salary, setting a budget etc.
For real examples to be converted into academic cases (if interested), a prior permission consent form is
required. I can elaborate the same to interested groups.
Prof Divya Aggarwal
Management Accounting
Term II
GROUP ASSIGNMENT DETAILS
Examples for list of Activities for Group Project:
1. Food Joints – Pizza joint, ice cream parlor, café, bakery
2. Small scale manufacturers – handicraft, upcycling, quirky products, and décor items, soap
manufacturer, herbal products manufacturer, wine bottle, beer bottle etc.
3. Clothing stores – boutique, customized shirts, rainwear, customized shoes etc.
4. Professional services – wedding planner, photography studio, consulting services
5. Recreation centers – yoga center, spa, parlor, night club, pubs etc.
6. Wine producer
7. Recruitment agency
8. Dairy products producer
9. Film business
10. Costing an airline route
11. Any other
Not more than 2 groups in the class should work on projects having relatable or similar costing structures.
Prof Divya Aggarwal
Management Accounting
Term II