Syllabus
|
Course Code: CC-51 Course Name: Cost Accounting |
||
| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
|---|---|---|
| 1 | Cost Accounting: Meaning, Definition, Objectives, Advantages and Limitations; Difference between Cost Accounting and Financial Accounting. Installation of a Costing System. Difficulties s in Installing a Costing System. Methods and techniques of Cost Accounting; Cost Units and Cost Centers; Elements and Classification of Cost. Cost Sheet and Components of Total Cost. | |
| 2 | Materials Control: Meaning, Need, Purchasing and Function of Purchase Department. Purchase Procedure. Stores Control: Maximum Level, Minimum Level, Safety Level, EOQ, Material Records, Stores Ledger, Perpetual Inventory System, Continuous Stock-taking. | |
| 3 | Labor Cost, System of Wage Payment, Time Wage System and Piece Rate System. Premium and Bonus Plans. Marginal Costing: Meaning, Characteristics, Merits and Limitations. | |
| 4 | Overheads: Introduction, Classification, Codification, Source of Collection, Departmentalization, Allocation, and Apportionment. Job and Batch Costing, Process Costing. | |
| 5 | Contract Costing: Reconciliation of Cost and Financial Accounts, Cost Audit and Cost Reduction. | |
