Cost Accounting Osmania University B.com 5th Semester Notes

Unit 1 Introduction {Book}
Cost Accounting: Definition Features Objectives Functions Scope Advantages and LimitationsVIEW
Essentials of a good Cost accounting systemVIEW
Difference between Cost Accounting and Financial AccountingVIEW
Cost concepts, Cost ClassificationVIEW

 

Unit 2 Material {Book}
Material CostVIEW
Direct and Indirect Material costVIEW
Inventory Control TechniquesVIEW
Stock LevelsVIEW
EOQVIEW
ABC AnalysisVIEW
JITVIEW
VEDVIEW
FSNDVIEW
Issue of Materials to ProductionVIEW
Pricing methods:
FIFOVIEW
LIFOVIEW
Simple Average methodsVIEW
Weighted Average methodsVIEW

 

Unit 3 Labour and Overheads {Book}
Labour CostVIEW
Direct Labour CostVIEW
Indirect Labour CostVIEW
Methods of Payment of Wages (only Incentive Plans): Halsey, Rowan, Taylor Piece Rate and Merrick Multiple Piece Rate MethodsVIEW
OverheadsVIEW
Overheads ClassificationVIEW
Methods of AllocationVIEW
Apportionment of overheadsVIEW
Absorption of overheadsVIEWVIEW

 

Unit 4 Unit and Job Costing {Book}
Unit Costing: FeaturesVIEW
Cost SheetVIEW
Tender and Estimated Cost SheetVIEW
Job Costing: Features, Objectives,VIEW
Job Costing ProcedureVIEW
Preparation of Job Cost SheetVIEW

 

Unit 5 Contract and Process Costing {Book}
Contract Costing: Features, AdvantagesVIEW
Procedure of Contract CostingVIEW
Guidelines to Assess profit on incomplete ContractsVIEW
Process Costing: Meaning FeaturesVIEW
Preparation of Process AccountVIEW
Normal and Abnormal LossesVIEW

Read More:

https://indiafreenotes.com/bu-bcom-elements-of-costing/

https://indiafreenotes.com/umbms-introduction-to-cost-accounting/

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