Introduction to Cost Accounting University of Mumbai BMS 3rd Sem Notes

09/04/2020 1 By indiafreenotes
Unit 1 Introduction {Book}  
Meaning, Nature, Scope of Cost Accounting VIEW
Objectives of Cost Accounting VIEW
Financial accounting Vs. Cost Accounting VIEW
Advantages and Disadvantages of cost Accounting VIEW
Elements of costs-costs classification VIEW
Installation of cost Accounting system VIEW
Process costing (Simple and inter Process) VIEW
Job Costing VIEW


Unit 2 Elements of cost {Book}  
Material costing: VIEW
Stock valuation VIEW
Weighted average method VIEW
EOQ, EOQ with Discounts VIEW
Calculation of stock Levels VIEW
Labour costing: Bonus and incentive plan VIEW
Overhead costing: Primary and Secondary VIEW


Unit 3 Cost Projection {Book}  
Cost Sheet: Current and Estimated VIEW
Reconciliation of financial accounts and cost accounting VIEW


Unit 4 {Book}  
Uniform costing and interfirm comparison VIEW
Emerging concepts:  
Target costing VIEW
Benchmarking VIEW
The Balance Scorecard, Concept, Process, Implementation of Balance Scorecard VIEW
Strategic based control VIEW