Dibrugarh University - Semester IV - Cost Accounting Syllabus (401)

(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.