| Unit 1 introduction to Cost Accounting [Book] |
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| Introduction, Meaning and Definitions of Cost, Costing and Cost Accounting |
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| Need and Objective of Cost Accounting |
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| Distinctions between Financial Accounting and Cost Accounting |
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| Advantages and Limitations of Cost Accounting |
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| Classification of Cost |
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| Material Cost, Labor Cost |
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| Overhead |
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| Important terminologies: Cost Unit, Cost Center |
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| Direct Cost, Indirect Cost, Prime Cost, Production Cost, Administration Cost, Selling and Distribution Cost, Fixed Cost, Variable Cost, Semi-variable Cost, Period Cost, Product Cost, Explicit Cost, Implicit Cost, Historical Cost, Current Cost, Future or Predetermined Cost, Opportunity Cost |
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| Installation of Cost Accounting System |
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| Features of good cost accounting system |
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| Precautions for installing effective cost accounting system |
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| Challenges in installing effective cost accounting system |
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