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Abc Costing

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SELECTION CRITERIA FOR IIMs/OTHER B-SCHOOLS FOR THE LAST YEAR/THIS YEAR IIM Kozhikode (last year) There is a 2 stage process of selection Stage1 A basic short listing done on the basis of percentile cut-offs in CAT is given below QA GEN SC/ST Stage2 In stage 2, an index score is computed with 50% weight for the overall CAT score, 20% weight for academic performance in secondary school, 20% weight for higher secondary school and 10% weight for the Work Experience of the candidate. The academic performance is taken as the percentage of marks reported by the candidates and is standardized across the board using the data available with IIMK for four years including the current year. In each category, the top ranking candidates based on this index score are called for further process. The following was the criteria used for final selection of candidate to PGP 2010-12 batch. Index score obtained in stage 2 of short listing for GD/PI - 50% Group discussion and social skills - 15% Personal interview - 25% Writing task (Essay) - 10% IIM Ahmedabad The selection of candidates for admission to the 2011-13 batch of the PGP at IIM Ahmedabad is a two-step process. In the first step, candidates are short-listed for personal interviews from among candidates who have a valid CAT/GMAT score who have applied for the programme and who satisfy the eligibility criteria for the programme. A non-overseas candidate who applies with a CAT score is required to perform well in all three sections in CAT to be considered for short-listing. An overseas category candidate who applies with a GMAT score instead of a CAT score should have scored at least 45 in the quantitative and verbal sections and should have a total scaled score of at least 700. GMAT should have been administered within the last 24 months as on 15 December 2010. A candidate's prior academic record is also used in the short-listing process. The exact criteria used to short-list candidates for personal interviews will be disclosed on the 80 70 DI 80 70 VA 80 70 Overall 90 80

CAT website at and the IIM Ahmedabad website at along with the list of short-listed candidates on January 22, 2011. In the second step, after the completion of personal interviews of all candidates short-listed in the first step, candidates for admission to the 2011-13 batch of the PGP at IIM Ahmedabad are selected from among the candidates who have attended the personal interviews. In preparing this list, apart from performance in personal interviews, inputs such as the CAT/GMAT score*, academic background and achievements, extra-curricular activities, and post-degree work experience are taken into consideration. IIM Bangalore IIMB adopts a two-phase selection process and accordingly these selection criteria are applied in two phases. The first phase process is applied to all eligible candidates who appear for CAT 2010 to determine those qualifying candidates who will be called for personal interview (PI). During the PI process the candidates selected for interviewing during a particular half-day (morning or afternoon) will have to write a short note (one page) on a topic provided by IIMB. The topics chosen will typically reflect current political, economic and business affairs, though other topics such as sports and those that require more creative thinking can also be included. The time provided for writing the note will typically be about 30 minutes. Subsequently two interviewers will evaluate each candidate on his/her performance on the note and his/her performance during the personal interview. In addition, for candidates having work experience, each interviewing faculty will evaluate the quality and relevance of the candidate’s work experience. These scores, in combination with the pre-PI selection parameters will be used cumulatively in the second and final phase of selection to identify the candidates who will merit selection from among those candidates who appear for the PI. The selection process, parameters and weights used are uniform for all categories of applicants. Sufficient candidates are short listed at each stage in each category to meet the reservation requirement for each group, as applicable at that time. The first short list of candidates is based on candidates securing minimum section-wise and aggregate percentile scores in the CAT. The minimum percentile is given below QA GEN OBC SC PWD ST 80 70 50 45 50 DI 80 70 50 45 50 VA 90 80 50 45 50 Overall 90 80 70 60 70

Refer to the website for more details from hereon.

IIM KOLKATA Selections for the post-graduate programmes PGDM and PGDCM are done through a two-stage process. In the first stage, candidates appear in CAT. In the second stage, candidates appear before a panel for group discussion (GD) and personal interview (PI). For PGDM, candidates are short-listed for GD and PI based on CAT and academic performance. For PGDCM, the interview short-list will be prepared based on multiple criteria such as CAT score, academic background and performance and relevant work experience. Candidates short-listed for PGDCM will have to appear for a separate Personal Interview, which will also evaluate candidates’ competence and interest in Computer technologies. A candidate (including a reserved category candidate) to be short-listed for GD and PI for admission to post-graduate-programmes PGDM and PGDCM should obtain a minimum of 20%, 20% and 10% in ‘quantitative’, ‘logic and data interpretation’ and ‘verbal’ sections, respectively. The actual cut-off used for short-listing, however, may be higher than the minimum cut-off and would depend upon the performance of candidates in CAT 2010. Cut-off may be different for different categories (e.g. General, SC, ST, NC-OBC and PWD) of candidates. Final selection for both the programmes PGDM and PGDCM is made using multiple criteria, such as performance in CAT, group discussion, personal interview, academic background and performance, extra-curricular activities and relevant work experience. IIM LUCKNOW There is a 2 stage process of selection. Stage-1: Screening for GD/PI & Stage-2: GD/PI Stage-1 Basic percentile requirement for GD/PI is given in the table below. Course PGP PGP ABM QA 80 75 DI 85 75 VA 85 75 OVERALL 90 85

In order to identify the right candidates for stage 1, basic weightage is given on different components. The total marks are 50. The distribution is shown below. Aggregate CAT-10 Class 10 marks Class 12 marks Graduation marks Experience Profile Graduation Profile TOTAL 37.5 2.5 2.5 2.5 2.5 2.5 50

STAGE-2 Stage -2 involves assessment of the candidate by an interview panel which conducts a written ability test, GD and Interview. The total marks are 50. The distribution of marks for each component is given below Written ability test GD Interview Quality of experience TOTAL work 10 10 5 25 50

Minimum requirement of marks in the Interview is 7.5 out of 25. Final selection will be based on combined scores in Stage-1 and Stage-2.

IIM INDORE Candidates are short-listed for Group Discussion and/or Personal Interview on the basis of their performance in CAT/GMAT, academic record, and relevant work experience. Final selection to the PGP would be based on criteria, such as the candidate's academic record, scholastic achievements, relevant work experience, and performance in CAT/GMAT, group discussion, and personal interview. IIM RANCHI (LAST YEAR) Candidates are short listed on the basis of performance in CAT, GD and Interview. The basic percentile requirement for GD/PI is given below DETAILS Percentile Scaled Score (out of 150 in each sections and out of 450 in Overall) Section-1 80.7 Section-2 86.5 Section-3 78.97 OVERALL 99.65





IIM RAIPUR (LAST YEAR) 2 stage process for screening of candidates for Personal Interview only. Stage-1: Basic Screening process based on CAT-09 OVERALL percentile which was 90 for General Candidates and 80 for SC/ST candidates.

Stage-2: Personal Interview 10 times required number of candidates to be selected were called for the Personal Interview. The screening for PI was based on 50% weightage on CAT score and 50% on Academic Performance. The breakup is given below. Breakup of 50% CAT score QA DI VA 15% 15% 20% Breakup of performance Class-10th Class-12th Graduation Degree 50% Academic 12% 18% 20%

IIM ROHTAK (LAST YEAR) The process that is being adopted for selecting the promising students for PGP at IIMR for the year 2010 involves two stages. Stage–1 applies to all eligible candidates who have appeared for CAT–2009 to determine those qualifying candidates who will be called for Stage –2. Sufficient numbers of candidates belonging to different categories are short listed in Stage–1 for meeting the (Government of India) norms on reservation. Stage – 1: All candidates who have secured minimum section – wise and aggregate percentile scores in CAT 2009 are first short listed. The percentile cut-off scores (the minimum percentile scores Required) for the Stage-1 consideration are given below. QA SC ST PWD OBC Genera 70 55 55 80 90 DI 70 55 55 80 90 VA 70 55 55 80 90 Overall 70 60 60 80 95

Stage-2: Subsequently, seven times the number of candidates required to be admitted will be called for Stage 2 from the top of this list. Stage-2 of the admissions process involves the assessment of the candidate by an interview panel, which will conduct the following: (i) Group Discussion (on a given topic for 15 minutes), (ii) Personal Interview. The final selection was on the basis of the combined scores in both the stages. The weights for these components as well as that of CAT are as shown below

Components GD PI CAT score TOTAL

Weightage 10 25 65 100

IIM SHILLONG IIM shilling has not yet come out with the selection criteria. The general admission criterion based on last 2-3 years pattern is given below. 1. Class10th marks 2. Class 12th marks 3. CAT Score 4. Standardized bachelor’s score General Interpretation of the criteria Unlike other IIM’s, Shillong hasn’t given any weightage to prior work experience. So this is good for people without work experience. The CAT percentile asked by IIM Shillong is at 90 percentile overall. The class X and class X11th marks required are also 75% and 65% respectively. A Standardized score(*) of 2.15 is required to be considered. The way they have calculated the score means that if a bell curve is drawn for all the students who have done a particular course in the past, the marks should lie beyond 2.15 standard deviation. A +2 standard deviation is at 95% and 2.15 is somewhere at 96%. So the interpretation is that in your class, your marks should be in top 5 if the class size is 100. So the toughest criteria for IIM Shillong calls is the bachelor score. The above criteria have a strict ‘And’ connection. This means that heroics in one criterion would not help if you fail in other. In other words, if a student scored 100 percentile in CAT and scored 90% in class X and class XIIth but was not in top 5 percentile of his bachelors, he would not get IIM Shillong call. (*Standardized Bachelor’s Score = (x-m)/s wherein x is the actual percentage of marks obtained by a Candidate in a Discipline, m (%) denotes the average of the percentage marks obtained by all candidates in a disciplinary background and s denotes the standard deviation of the corresponding percentage marks. These standardized marks so computed are comparable across disciplines.)

IIM TRICHY IIM Trichy will be opening up this year with a batch of 60.The Institute will accept CAT scores followed by GD/PI. The institute will give weightage on Academics and CAT percentile. The breakup of different factors is given below. Qualification GEN 10th 12th UG 75 70 65 Cut-off Marks OBC 70 65 60 SC 60 55 50 ST 55 50 50 PWD 60 55 50

CAT Percentile GEN Overall Verbal QA DI 90 85 80 75

Cut-off Percentile OBC 80 70 70 60 SC 60 55 50 50 ST 60 40 40 40 PWD 60 55 50 50

Please visit for details. XLRI JAMSHEDPUR XAT score is accepted followed by GD/Case discussion and Personal Interview. For last year in Human Resource Management Programme, around 650 applicants having more than 92.60 percentile in VA, 80.36 percentile in QA, 84.36 percentile in RA, and overall 95.03 percentile were shortlisted for Group Discussion and Personal Interview. For Business Management Programme around 550 applicants having more than 90.13 percentile in VA, 91.31 percentile in QA, 90.01 percentile in RA, and overall 98.02 percentile were shortlisted for Personal Interview. MDI GURGAON CAT score accepted followed by GD/PI and interview. The overall cut-offs for the last 3 years is as given below Programme Post Graduate Diploma in Management (PGDM) General Post Graduate Diploma in Management PGDM (HR) Post Graduate Diploma in Management PGDM (IM) 2007 98 94 90 2008 97 95 96 2009 97.99 96.74 98.19

SP JAIN The selection criteria for calling candidates for interviews will be based on multiple factors like: • • • • • CAT/XAT/GMAT score Work Experience - more than 5 years Past Academic Performance Extracurricular activities, other interest Accomplishments (Professional and Academic)

All the above factors along with the performance in the interviews are used to determine the eligibility of candidates for offering final admission. Selection will be largely determined by potential for lateral shift, clear career plans, sound purpose of taking up this programme and ability to map the relationship between these by the prospective candidate and SPJIMR's assessment of the above. For the last year SPJIMR had the interview process scheduled during Jan 2010 through March 2010. Since the interviews commenced before the CAT2009/XAT2010 results were declared, the short listing for the first round of interview were made on the basis of academic performance, versatility in extra-curricular activities and relevant work experience. Candidates who cleared the first round appeared for a second round on the same day.The minimum score required to get the final offer is 85 percentile in CAT2009/XAT2010 or a score of 680 in GMAT taken in 2009. IIT MUMBAI Selection made on the basis of All india rank in the written test known as JMET, followed by GD/PI. Last AIR called for GDPI was 418 in 2010, and it generally remains around 400+- 20. MICA Ahmedabad The selection process for the PGDM (C) involves two steps: Stage - I MICA Admissions Test (MICAT): The MICAT is designed to assess analytical ability, divergent thinking, written communication skills and general awareness about the Communications industry. Stage - II Group Exercise (GE) and Personal Interview (PI): Candidates shortlisted on the basis of MICAT will be invited for Group Exercises and Personal Interviews in March-April, 2011.

IMT Ghaziabad, Nagpur, Hyderabad and Dubai It accepts CAT scores. Till last year, the cut-off percentile was 95 for Ghaziabad and 84-90 for Nagpur. Sectionals were not considered but at the time of selection, no one below 70 percentile sectional and 95 overall was admitted to IMT Ghaziabad. They were either given IMT Nagpur or waitlisted. The 2010 batch had close to 70% people with 2 yrs or more work experience; hence for people having work experience, the cut-off percentile can decrease to 90-92.

NITIE Mumbai It accepts CAT scores. Only engineers can apply. For last year PGDIM cut off was 98.26 % ile , PGDITM cut off was97.5 % ile, PGISEM cut off was approx 90% ile. PGDISEM is a specialized course. Aspirant with related profile can get calls at lower percentile and many could not get call even at higher percentile. You need to get minimum percentile in each sectional. Earlier years, minimum percentile range was around 80-85%ile, but after the introduction of Online CAT, the percentile range came down 75 %tile in last year.


It accepts CAT scores. The cut off for getting a GD PI call in general category was 93 for Chandigarh and around 82 for Ludhiana. Suitable reservations are there for PH categories. The USP is the fees which is around 50-60k for 2 yrs. There are no sectional cut offs, but one has to secure a minimum of 10 percent (not percentile) in each cat section. Allotment is according to ranks. A rank list is prepared after GD/PI and then counseling is held to decide whether one wants to go to Chandigarh or Ludhiana.

CAT percentile and academic performance components are used for short listing candidates who apply to FSM. Final selection is based on CAT percentile, academic record, performance in group discussion & interview and relevant Work Experience. The cutoff last year was 91 %ile for PGDM and 83 %ile for PGDM(IB).No sectional cut-offs were considered last year, but based on trends forms are usually rejected for a 0 score in any of the sections. You have to fill 2 separate forms for these programs. This year it has decided to give Profile based calls. IMI It accepts CAT scores. The selection criteria are CAT Scores, Academic performance from class 10th, Relevant work experience(if applicable),Extra Curricular and GD/PI.The Cut off for last year was 95 %tile for PGDM and 90 %tile for PGDM(HR) with sectional 70 , 70 ,75 in QA,DI and Verbal respectively. The number of seats are 120 for PGDM and 60 for PGDM (HR) [15% Seats are reserved for company sponsored candidates in both the programs].

LBS New Delhi It accepts CAT scores. Cut-off was 89.73 percentile last year. Candidates short-listed on the basis of CAT score will be called for Group Discussion (GD), Extempore and Personal Interview (PI) for final selection at one of the following places (as selected by the candidate at the time of applying for registration with LBSIM): (1) Bengaluru (2) Delhi (3) Hyderabad (4) Kolkata (5) Mumbai The weightage for final selection this year will be 60% for CAT score and 40% for Group Discussion, Extempore and Personal Interview.GD/PI will be in Mid Feb 2011. Please go through the institute website very carefully while preparing for PI as questions are asked from there. SIBM Pune, SCMHRD Pune and SIIB Pune All these institutes accept SNAP scores. They are the top 3 institutes under SNAP. The cutoffs for last year were 117,113 and 100 respectively for General Category. The upcoming good institute under SNAP is SIBM Bangalore which had a cut-off of 99 last year. For the 1st 2 institutes the written test is followed by GD/PI while for SIIB, the written test is followed by Role exercise /Group Task and PI.

XIM Bhubaneswar It accepts XAT and IRMA scores for it 2 programmes of PGDM-BM and PGDM (RM). In PGDM-BM, for last year the cut-off was 96.1 (88.6 for Orissa) with sectional percentiles of 71.97, 72.90 and 70.32 for QA, VA and DI/DM section (50.7, 51.7 and 49.07 for Orissa). In PGDM-RM, for the last year the cut-offs was 38 percent correct answers overall in IRMA with sectionals of 30, 35, 30 and 20% correct answers in Reasoning, QA, English and GA. No Details for Orissa candidates available. LIBA Chennai It accepts XAT scores .It also has a criterion of 60% in Graduation. Specific Reservation for Christians (50% of the seats).The cut-off percentile was around 91 percentile (Overall) and 7579 percentile in each section. XAT score submission is followed by GD and PI.The cut-off percentile might decrease for candidates having minimum1.5 yrs work experience. GIM Goa It accepts XAT scores.Weightage is given to profile as well. For the last year the cut-off was 92-93 for freshers and 88+ for a profile based call. Proper weightage is given to the Essay Section of XAT as well.…...

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Abc Costing System Abstract Paper analyses the specifics of the application of Activity-Based Costing method in hospital management. Primary objective of the paper is to outline the methodology of the ABC application in hospitals. First part of the paper analyzes the ways of ABC implementation in published foreign studies. Second part describes the individual steps in ABC application and discusses the differences in the application procedures between the manufacturing and hospital organization. Key words: Healthcare Management, Cost Management, Activity-based costing, Introduction In the last decade, many non-profit and hospital organizations started to face difficulties and challenges in balancing limited resources and costs to provide their demand for services. Due to the introduction of modern medical techniques and medicines and consequent increase of consumed costs, many hospitals are under pressure to adopt more advanced cost management techniques usually utilized only in profit organization sector. Hospital managers frequently seek the advanced techniques, for better understanding of relations between the cost and provided services. One of the key factors of effective company management is ability of accurate estimation of the cost of products. Product costing is an essential economic tool used to quantify the cost of individual interventions carried out. The need for an accurate method of costing in hospital organizations is frequently emphasized by many authors. Gujral et......

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Abc Costing

...Development of Product Costing Module in ERP for L&T Kansbahal Works, Kansbhal, Orissa : A Case Study 1 Seema G. Bhol, 2Arun Mishra & 3Srikanta Patnaik Sambalpur University, Burla, Orissa, India, 2Head (IT Services), L&T, Kansbhal, Orissa, India, 3 Department of Computer Science ITER , SOA University , Bhubaneswar, Orissa, India E-mail :,, 1 Abstract - One need to be very accurate in what the products and services are costing. Inaccurate cost components could cost an organization more dearly. So, to full fill our present and future requirements and ambitions in all respect of life, it is essential enhance our expertise to link the power of today's information technology with the tools of economic theory and business strategy.[2] This paper aims at throwing new lights on various developments and formulate strategy for their implementation. Keywords— Business Mapping Report (BMR), Product costing, Dataflow Diagram, Enterprise Resources Planning (ERP), cost overhead, cost centres, Cost variance report, WIP. . 1. INTRODUCTION businesses, non-profit organizations and governments now all utilize ERP systems. The use of erp module saves time and money without sacrificing accuracy and control. Product costs are analysed quickly and accurately, which empowers the organization with the ability to perform minute analysis and projections of product cost. Few of the many advantages of product costing are: • •......

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Abc & Process Costing Unit 3 (Ip) 05-11-2012

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