Description

SYLLABUS

(1)     Introduction to Cost Accounting:    

• Objectives and Scope of Cost Accounting.
• Cost Centres and Cost Units.
• Cost Classification for Stock Valuation, Profit Measurement, Decision Making and Control.
• Coding Systems.
• Elements of Cost.

 

(2)     Classification of Cost and Cost Sheet:    

• Classification of Costs, Cost of Sales, Cost Centre, Cost Unit, Profit Centre and Investment Centre.
• Cost Sheet and Reconciliation of Cost and Financial Accounts.

Note: Practical Problems based on Preparation of Cost Sheet Reconciliation of Cost and Financial Accounts.

 

(3)     Standard Costing:              

• Various Types of Standards, Setting of Standards, Basic Concepts of Labour and Overhead (Fixed and Variable) Variance Analysis.

 

(4)     Introduction to Marginal Costing:   

• Marginal Costing Meaning, Application, Advantages, Limitations, Contribution, Breakeven Analysis and Profit Volume Graph.

Note: Practical Problems based on Marginal Costing excluding Decision Making.