8/15/2019 P II 4CostAccounting

http://slidepdf.com/reader/full/p-ii-4costaccounting 1/2

Cost Accounting

B.Com (Annual) Part-II Paper-IV Maximum Marks: 100 (Pass Marks: 40) Duration o !xamination: " #rs 

Course Contents:

Topic Source Sections

Concept and Scope of Accounting: Definition, cost elements, natureand objective, charts of accounts and coding in cost accounting.

Ch 2, Book 1 A

Cost Classification and Flow: Product and eriod cost, direct andindirect cost, Differential cost and revenue, !ortunit" and #unk 

cost, fi$ed and variable cost, mi$ed cost, statement of cost of goods

manufactured and sold statement.

Ch 1, Book 2Ch 2, Book 1

A

Material Planning, Controlling and Costing:

• Procedure for material rocurement and use

• %aterial costing methods• &nventor" valuation at cost or market 'hichever is lo'er 

• Procedure for soiled, scra and defective 'ork

• (!) , &nventor" level and reserve stocks

• *aluation of inventor"

• Planning materials re+uirement

%aterials control

Ch ,-, Book 1 A

Labour Controlling and accounting for costs: 

• Productivit" and labour costs

•  &ncentive 'age lans

• earning curve theor"

• !rganisation for labour cost accounting and control

• !vertime lans, Bonus a"ments, vocation a" guaranteed

annual 'age lans , arenticeshi and training rograms

• /uman resource accounting

• Pension lans

• abor related deductions

Ch 0,1, Book

1

A

  Factory Overead Planned, Actual and Applied !ariance

Analysis:

• Procedure of factor" overheads including aortionment

• Alied and actual !/, under alied !/.

Ch 12,13,Book

1

B

Accounting for "ass custo"i#ation operation: Manufacturing

cost flow

• Product cost and service industries

• Different costs for different uroses

Ch 2, Book 3 B

Product costing and cost accu"ulation in a batc production Ch 3, Book 3 B

8/15/2019 P II 4CostAccounting

http://slidepdf.com/reader/full/p-ii-4costaccounting 2/2

environ"ent:

• 4"es of roduct costing s"stem,

• Accumulating cost on job order costing5 t'o stages cost

accumulation,

• Accurac" vs timeliness of information,

• 6se of bar codes,

• (lectronic data change.

Process costing

• Process Costing : Cost of roduction 7eort

• Process Costing : Average and &! method

Ch 8,9,

Book 1

C

$ybrid product costing syste":

• oint roduct and b";roduct

 

/"brid roduct costing s"stem

Ch.8, book3 C

Activity based Costing

#ome ke" issues about cost drivers

  Activit" dictionar" and bill of activities, direct vs indirectcosts, 'hen is ne' roduct <costing s"stem needed,

Cost management s"stems.

Ch 9, Book 3 C

%eco""ended Te&t

1 %at=, /ammer 6sr" , latest edition, Cost Accounting South-western Publishing 

Co2 >arrison /. 7a", ?oreen @. (ric, latest edition, %anagerial Accounting,  Irwin

 publishers

Furter %eadings

3 /ilton @. 7onald, %anagerial Accounting, latest edition, McGraw-Hill Irwin