Cost Accounting Bangalore North University BBA SEP 2024-25 4th Semester Notes

Unit 1 [Book]
Meaning of Cost and CostingVIEW
Cost Accounting, Meaning, Definition, Objectives, Uses and LimitationsVIEW
Differences between Cost Accounting and Financial AccountingVIEW
Elements of CostVIEW
Classification of CostVIEW
Cost ObjectVIEW
Cost UnitVIEW
Cost CentreVIEW
Cost Sheet, Meaning and Preparation of Cost Sheet including Tenders and QuotationsVIEW
E-TenderVIEW
Unit 2 [Book]
Materials, Meaning, Importance and Types of Materials – Direct and Indirect MaterialVIEW
Inventory Control, Meaning and TechniquesVIEW
Problems on Stock LevelsVIEW
Procurement, Procurement ProcedureVIEW
Bin Card, Meaning and ImportanceVIEW
Duties of StorekeeperVIEW
Pricing of Material IssuesVIEW
Problems on Preparation of Stores Ledger Account – FIFO, LIFO, Simple Average Price and Weighted Average Price MethodVIEW
Unit 3 [Book]
Labour Cost, Meaning & TypesVIEW
Labour Cost ControlVIEW
Time-Keeping and Time-BookingVIEW
Payroll ProcedureVIEW
Idle Time: Causes and Treatment of Normal and Abnormal Idle TimeVIEW
Over Time, Causes and TreatmentVIEW
Labour Turnover, Reasons and Effects of Labour TurnoverVIEW
Methods of Wage Payment, Time Rate System and Piece Rate SystemVIEW
Incentive Schemes (Halsey’s Plan, Rowan’s Plan, Taylor’s Differential Piece Rate System and Merrick’s Multiple Piece Rate System)VIEW
Unit 4 [Book]
Overheads, Meaning and ClassificationVIEW
Accounting and Control of Manufacturing Overheads – Estimation and CollectionVIEW
Cost AllocationVIEW
ApportionmentVIEW
Re-apportionmentVIEW
AbsorptionVIEW
Primary and Secondary Overheads Distribution using Reciprocal Service Methods (Repeated Distribution Method and Simultaneous Equation Method)VIEW
Problems on Computation of Machine Hour RateVIEW
Unit 5 [Book]
Reconciliation of Cost and Financial AccountsVIEW
Reasons for differences in Profits under Financial and Cost AccountsVIEW
Ascertainment of Profits as per Financial Accounts and Cost AccountsVIEW
Reconciliation of Profits of both Sets of AccountsVIEW
Preparation of Reconciliation StatementVIEW

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