Gauhati University B.Com Syllabus: Cost and Management Accounting (Management Group)

405: Cost and Management Accounting (Management Group)
Marks: 80
Cost Accounting
Group - A
Unit-I : Introduction                                                                                       15
Meaning of cost, costing and cost accounting; objectives and functions of cost accounting; costing as an aid to management; cost concepts and classification, Relationship between cost accounting and financial accounting; Cost accounting and Management Accounting; Methods and Techniques of costing; Concept of cost audit; Preparation of cost sheet.
Unit-II : Accounting for Material, Labour and Overhead                                15
Material control concept and techniques; E.O.Q. ABC Analysis and VED Analysis.
Labour cost control procedures; labour turnover; idle time and over time; methods of wage payment - time and piece rates.
Importance and classification of overhead; Factory administrative and selling overheads; allocation and apportionment of overhead; Absorption of overhead - under and over absorption. (Simple application)
Unit-III : Standard Costing                                                                           10
Meaning of Standard cost & Standard costing; Steps involved in standard costing, Advantages of standard costing; Variance analysis; Classification of variance (Simple application)
Management Accounting
Group - B
Unit-IV : Introduction                                                                     10
Meaning and definition of Management Accounting; Nature, scope and objectives of management accounting; tools and techniques of Management accounting; Role in decision making; Relationship between management accounting and financial accounting.
Unit-V: Analysis and Interpretation of Financial Statement         15
Concept and Nature of financial statement; Limitation of financial statement, Need of analysis, tools and techniques, Ratio analysis - Types, uses, significance and limitations; Liquidity, profitability and long term solvency ratios; Statement of changes in financial position; Cash flow statement as per Indian Accounting standards -3 (simple application).
Unit-VI : Cost Volume Profit Analysis and Budget & Budgetary Control            15
Concept of C-V-P relationship, Break even analysis, Marginal costing as tools for pricing decisions and levels of activity planning, Meaning of Budget and Budgetary control; Types of Budgets - Fixed and Flexible, Master budget, Zero base budgeting, Performance budgeting, Standard costing Vs. Budgetary control. (Simple application)

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