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Sunday, December 30, 2018

Gauhati University B.Com Syllabus: Cost Accounting


105: COST ACCOUNTING
Total Marks : 80
UNIT-I : Introduction:                                                                                    15
Meaning of cost, costing and cost accountancy; scope, objectives, advantages and limitations of cost accounting; Cost accounting vis-à-vis Financial accounting; Installation of costing system; cost unit, cost centres, classification of costing methods and techniques; and their merits and demerits; elements of cost, preparation of cost sheet,
UNIT-II: Material:                                                                                            15
Importance and need for material control; Material purchase procedure; Stores functions: receiving, inspecting, storing, issue of materials; materials costing – pricing of receipts, pricing of issues; LIFO and FIFO methods, stores ledger, inventory control techniques – EOQ, levels of inventory, ABC analysis, Perpetual Inventory System.
UNIT-III: Labour:                                                                                              15
Labour cost, remuneration and incentive different methods of labour remuneration, incentive schemes – (Halsey & Rowan). Labour turnover- causes and effects, and its measurement, Meaning of idle time, overtime, work study, method study, Time and Motion Study.
Expenses : Direct and Indirect Expenses, Treatment of Interest on capital, depreciation, idle facilities and research and development expenses
UNIT-IV:                                                                                                              10
(A) Overheads:
Meaning and classification of overheads; allocation and apportionment of overheads; meaning and methods of overhead absorption.

(B) Cost Records                                                                                               10
Non-integral system and integral system– meaning and advantages, recording of transactions under non-integral system and integral system. Reconciliation of cost and financial accounts.
UNIT-V:
Process & Contract Costing                                                                         15
Process Costing; treatment of normal and abnormal loss; Preparation of process accounts; Contract Costing and preparation of Contract Account
SUGGESTED BOOKS
Cost Accounting – Principle and Practice; Vikash Publishing House
Cost Accounts; S.P. Jain & K.L. Narang, Kalyani Publisher.
Cost Accounting; M.Y. Khan & P.K. Jain, Tata McGraw Hill
Practical Costing; P.C. Tulsian, Vikash Publishing House, New Delhi.
Cost Accounting , Horngreen
Cost Accounting, B Banerjee; Prentice Hall of India Pvt. Ltd., New Delhi.
Cost Accounting, Nigam and Jain, Prentice Hall of India Pvt. Ltd., New Delhi.

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