Thursday, May 21, 2020

ASSAM UNIVERSITY SYLLABUS (NON - HONS): COST ACCOUNTING (4th SEM - CBCS PATTERN)


B.Com: Semester IV
Paper BC 4.3: COST ACCOUNTING
Internal Assessment -30
Term End Exam - 70
Marks: 100
Lectures: 65
Objective: To acquaint the students with basic concepts used in cost accounting, various methods involved in cost ascertainment and cost accounting book keeping systems.
Contents:
Unit 1: Introduction
6 Lectures                               20
Meaning, objectives and advantages of cost accounting; Difference between cost accounting and financial accounting; cost concepts and classifications; elements of cost; installation of a costing system; role of a cost accountant in an organisation.
Unit 2: Elements of Cost: Material and Labour
14 Lectures                 20
a. Materials: Material/Inventory control techniques. Accounting and control of purchases, storage and issue of materials. Methods of pricing of materials issues – FIFO, LIFO, Simple Average, Weighted Average, Replacement, Standard Cost. Treatment of Material Losses.
b. Labour: Accounting and Control of Labour cost.Time Keeping and time booking. Concept and treatment of idle time, over time, labour turnover and fringe benefits. Methods of wage payment and the Inceptive schemes Halsey, Rowan, Taylor’s Differential piece wage.

Unit 3: Elements of Cost: Overheads
8 Lectures                                    20
Classification, allocation, apportionment and absorption of overheads; Under-and over-absorption; Capacity Levels and Costs; Treatments of certain items in costing like interest on capital, packing expenses, bed debts, research and developments expenses; Activity based cost allocation.
Unit 4: Methods of Costing
28 Lectures                                    20
Unit costing, Job costing, Contract costing, Process costing (process losses, valuation of work in progress, joint and by-products), Service costing (only transport).
Unit 5: Book Keeping in Cost Accounting
9 Lectures                                           20
Integral and non-integral systems; Reconciliation of cost and financial accounts; Cost control and cost Reduction – Meaning, Techniques and Control Accounts
Suggested Readings:
1. Charles T. Horngren, Srikant M. Datar, Madhab V. Rajan. Cost Accounting: A Managerial and Emphasis, Pearson Education.
2. Jawahar Lal, Cost Accounting, McGraw Hill Education
3. Nigam, B.M. Lall and I.C. Jain, Cost Accounting: Principles and Practice. PHI Learning
4. Rajiv Goel, Cost Accounting. International Book House
5. Singh, Surender. Cost Accounting, Scholar Tech. Press, New Delhi
6. Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani Publishers
7. Arora, M.N., Cost Accounting – Principles and Practice. Vikas Publishing House, New Delhi.
8. Maheshwari, S.N., and S.N. Mittal. Cost Accounting: Theory and Problems, Shri Mahavir Book Depot, New Delhi.
9. Iyengar, S.P. Cost Accounting, Sultan Chand & Sons
10. H.V. Jhamb, Fundamentals of Cost Accounting, Ane Books Pvt. Ltd.

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