Cost Accounting Syllabus, B.Com 4th Sem Hons & Non Hons, Dibrugarh University CBCS Pattern

Cost Accounting Syllabus
B.Com 4th Sem Non Hons
Dibrugarh University CBCS Pattern
B.Com. (CBCS)
Semester-IV CC403: COST ACCOUNTING (6 Credit)
Marks: 100 (Internal Assessment 20+ Term-end 80).
Lectures: 60 Tutorials: 5

Objective: To acquaint the students with basic concepts used in cost accounting, various methods involved in cost ascertainment and cost accounting book keeping systems.

Unit 1: Introduction

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

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 Incentive schemes- Halsey, Rowan, Taylor's Differential piece wage.

Unit 3: Elements of Cost: Overheads

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, bad debts, research and development expenses; Activity based cost allocation.

Unit 4: Methods of Costing

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

Integral and non-integral systems; Reconciliation of cost and financial accounts.

Suggested Reading:

1. Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan, Cost Accounting: A Managerial 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.

Note: Latest edition of text books may be used.

Cost Accounting Syllabus
B.Com 4th Sem Hons
Dibrugarh University CBCS Pattern

B.Com. (Hons.): (CBCS)

Semester - IV C 408-COST ACCOUNTING (6 Credit)

Lectures: 60 Tutorial 5

Full Marks: 100 (Internal Assessment 20 + 80 End-Term)

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

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

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 Incentive schemes- Halsey, Rowan, Taylor's Differential piece wage.

Unit 3: Elements of Cost: Overheads

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, bad debts, research and development expenses; Activity based cost allocation.

Unit 4: Methods of Costing

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

Integral and non-integral systems; Reconciliation of cost and financial accounts

Suggested Reading:

1. Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan, Cost Accounting: A Managerial Emphasis, Pearson Education.

2. Drury, Colin. Management and Cost Accounting. Cengage Learning.

3. Jawahar Lal, Cost Accounting. McGraw Hill Education

4. Nigam, B.M. Lall and I.C. Jain. Cost Accounting: Principles and Practice. PHI Learning

5. Rajiv Goel, Cost Accounting. International Book House

6. Singh, Surender. Cost Accounting, Scholar Tech Press, New Delhi.

7. Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani Publishers

8. Arora, M.N. Cost Accounting - Principles and Practice. Vikas Publishing House, New Delhi.

9. Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems. Shri Mahavir · Book Depot, New Delhi...

10. Iyengar, S.P. Cost Accounting. Sultan Chand & Sons

11. H.V. Jhamb, Fundamentals of Cost Accounting, Ane Books Pvt. Ltd.

Note: Latest edition of text books may be used.