COST ACCOUNTING II

Remyamol K P
BCom Computer Application SF, Department of Commerce
₹1,000.00
  • 50 students
  • 0 lessons
  • 0 quizzes
  • 10 week duration
50 students

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COST ACCOUNTING – II (VI Semester)

Course Objectives

To acquaint the students with different methods and techniques of costing. and to enable the students to identify the methods and techniques applicable for different types of industries.

Learning Outcome

  1. Express the place and role of cost accounting in the modern economic environment
  2. This Will enable the students to know, how to apply the Techniques of Costing in Various Industries
  3. Identify the specifics of different costing methods.
  4. Help the students to Prepare Budget.

Course Credit : 4

SYLLABUS

Module I Specific Order Costing- Job Costing – Meaning – Procedure- Batch Costing- Meaning- Procedure- Economic Batch Quantity- Contract Costing-Meaning- Objectives- Work-in-Progress Work Certified and Uncertified- Retention money and progress payments- Determination of Profit on Incomplete Contract Treatment-Balance Sheet- Escalation Clause- Cost-plus Contract.

Module II Operating Costing- Definition- Transport costing- Canteen costing- Hospital costing.

Module III Process Costing- Process Accounts- Process Losses- Normal and Abnormal losses- Abnormal Gain – Treatment- Joint Products and By-products- Methods of Apportioning Joint costs- Accounting for Byproducts .

Module IV Marginal Costing and Break Even Analysis- Marginal Costing- Meaning-Definition- Difference between Marginal Costing and Absorption Costing – Differential Costing- Advantages and Disadvantages of Marginal Costing -Break Even Analysis- Cost Volume Profit Analysis- Break even chart- Simple Break Even Chart- Marginal Costing and Decision Making- Pricing Decisions- Key Factor- Make or Buy- Sales Mix- Acceptance of foreign Order.

 

Module V Budget and Budgetary Control- Meaning and Definition- Objectives- Steps in budgetary control-  Budget Manual Budget Committee- Budget key factor- Types of budgets- Advantages and limitations of  budgetary control -Preparation of Cash Budget and flexible Budget – Zero Base Budgeting – Performance Budgeting

 

Suggested Readings
1. Jain, S.P., & Narang, K.L., Advanced Cost Accounting, Kalyani Publishers, New Delhi.

2. Iyengar, S. P., Cost Accounting, Sultan Chand & Sons, New Delhi.

3. Maheswary,S.N., Advanced Cost Accounting, Sultan Chand & Sons, New Delhi.

4. Arora, M. N., Cost Accounting, Vikas Publishing House Pvt. Ltd, New Delhi.

5. Shukla, M.C., & Grewal, T. S., Cost Accounting, Sultan Chand & Sons, New Delhi.

6. J Madegowda, Advanced cost accounting, Himalaya Publishing House, Mumbai

7. Lall Nigam B M and Jain I C- Cost Accounting Principles and Practice- Prentice Hall of India

 

  • Module I Specific Order Costing

    Job Costing – Meaning - Procedure- Batch Costing- Meaning- Procedure- Economic Batch Quantity- Contract Costing-Meaning- Objectives- Work-in-Progress Work Certified and Uncertified- Retention money and progress payments- Determination of Profit on Incomplete Contract Treatment-Balance Sheet- Escalation Clause- Cost-plus Contract.

    No items in this section
  • Module II Operating Costing
    No items in this section
  • Module III Process Costing
    No items in this section
  • Module IV Marginal Costing and Break Even Analysis
    No items in this section

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₹1,000.00