Cost Accounting 3rd Semester BU B.Com SEP 2024-25 Notes

Unit 1 [Book]
Meaning and Definition of Cost, CostingVIEW
Features, Objectives, Functions, Scope, Advantages and Limitations of Cost AccountingVIEW
Installation of Costing SystemVIEW
Essentials of a good Cost Accounting SystemVIEW
Difference between Cost Accounting and Financial AccountingVIEW
Cost Concepts, Classification of CostVIEW
Methods and Techniques of Cost AccountingVIEW
Elements of CostVIEW
Cost Sheet, Meaning, Cost Heads in a Cost SheetVIEW
Presentation of Costing Information in Cost SheetVIEW
illustrations on Cost Sheet, Tenders and QuotationVIEW
Unit 2 [Book]
Materials: Meaning, Importance and Types of Materials, Direct and Indirect MaterialVIEW
Materials ControlVIEW
Inventory ControlVIEW
Techniques of Inventory Control:
Economic Order Quantity (EOQ)VIEW
ABC AnalysisVIEW
VED AnalysisVIEW
JITVIEW
Procurement, Procedure for Procurement of Materials and Documentation involved in Materials AccountingVIEW
Material StorageVIEW
Duties of Store keeperVIEW
Stock LevelsVIEW
Material Issues, Pricing of Material IssuesVIEW
Methods:
FIFOVIEW
Weighted Average Price and Standard Price MethodsVIEW
Preparation of Stores Ledger AccountVIEW
illustrations on Stock Level Setting and EOQ and Stores LedgerVIEW
Unit 3 [Book]
Introduction Employee Cost / Labour Cost, Types of Labour CostVIEW
Labour Cost ControlVIEW
Time Keeping, Time BookingVIEW
Pay roll ProcedureVIEW
Preparation of Pay rollVIEW
Idle Time, Causes, Treatment of Normal and Abnormal Idle TimeVIEW
Over Time Causes and TreatmentVIEW
Labour Turnover Meaning, CausesVIEW
Effects and Measures Labour Cost ReportingVIEW
Methods of Wage Payment: Time Rate System and Piece Rate SystemVIEW
Incentive Schemes: Halsey Plan, Rowan PlanVIEW
Labour Hourly RateVIEW
illustrations on Wage Payment methods and Incentive plansVIEW
Unit 4 [Book]
Introduction, Meaning and Classification of OverheadsVIEW
Accounting and Control of Manufacturing Overheads, Estimation and CollectionVIEW
Cost AllocationVIEW
ApportionmentVIEW
Re-apportionmentVIEW
Absorption of Manufacturing OverheadsVIEW
Absorption of Service OverheadsVIEW
Treatment of Over and Under absorption of OverheadsVIEW
Methods of Absorption
Machine Hour RateVIEW
Distribution of OverheadsVIEW
Types of Distribution: Primary and Secondary DistributionVIEW
Repeated & Simultaneous Equation methodVIEW
Reporting of Overhead CostsVIEW
Statement of Overhead Distribution SummaryVIEW
Unit 5 [Book]
Cost Accounting Standards (CAS 1 to CAS 24)VIEW
Cost Book KeepingVIEW
Integrated Accounting SystemVIEW

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