Course No.: 401 COST ACCOUNTING(COAC XIII)
(For B.Com General and six
Speciality Courses)
Marks: 80 Hours: 40
Course
Contents:
Unit
I: Introduction : Nature and scope of Cost Accounting, Cost concepts, Cost
classification and Costing Methods and Techniques; Installation of costing
system. Difference between Cost Accounting and Financial Accounting (Theory).
Preparation of Cost Sheet. (Numericals) 20 : 10 hrs
Unit
II: Accounting for Material and Labour: Material control- purchase, storage and
issue of material, Techniques of Material control; Stock control; Methods of
valuing material issues — Cost price methods. Labour costs and control; Labour
turnover; Idle time and overtime; Remuneration and Incentives — methods of wage
payment; Taylor’s Differential Price Rate, Halsey and Rowan premium plan. 20 : 10hrs
Unit
III: Accounting for Overheads: Definition, Importance, Classification of
overhead costs. Methods of Absorption of manufacturing overhead; meaning of
under and over-absorption of overheads. 20 : 10 hrs
Unit
IV : Process Costing: Meaning and definition; Job costing and process costing
difference; Process Losses and gains-normal and abnormal. Reconciliation of
Cost Accounts and Financial Accounts 20 : 10 hrs
Text
and Reference Books :
1.
Jain S.P & Narang K.L: Cost Accounting - Principles & Practice;
Kalyani Publishers.
2.
Arora M.N.: Cost Accounting – Principles & Practice; Vikas
Publishing House, New Delhi.
3.
Tulsian P. C.: Practical Costing, Vikas Publishing House; New Delhi.
4.
Maheswari S.N.: Advanced Problems & Solutions in Cost Accounting;
S.Chand & Co. Ltd., New Delhi.
5.
D.K. Mittal and Luv Mittal : Cost Accounting, Galgotia Publishing Co., New
Delhi.
6.
Horngren : Cost Accounting : A Managerial Emphasis.
7.
Khanna, Pandey and Ahuja: Practical Costing
8.
M. C. Shukla, T. S. Grewal and M.P. Gupta: Cost accounting, Text and Problems,
S. Chand & Co. Ltd., New Delhi.
9.
Ravi M. Kishore: Cost Accounting ; Taxmann Allied services, New Delhi.
10.
S. N. Maheshwary and S. N. Mittal : Cost Accounting, Theory and Problems, Sri Mahabir
Book Depot, New Delhi.