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Cost Accounting Syllabus

This document provides an overview of a Cost Accounting course for a B.Com semester IV. The course covers 5 units: (1) introduction to cost concepts and techniques, (2) materials cost including purchase, storage and inventory, (3) labor cost including timekeeping and remuneration, (4) overhead cost including allocation and recovery rates, and (5) costing methods including job, contract and process costing. The course aims to develop an understanding of cost concepts and ascertainment of costs for different product types. It will be assessed through short answer theory questions, problems, and longer problems worth a total of 75 marks.

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Suresh Krishna
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1K views

Cost Accounting Syllabus

This document provides an overview of a Cost Accounting course for a B.Com semester IV. The course covers 5 units: (1) introduction to cost concepts and techniques, (2) materials cost including purchase, storage and inventory, (3) labor cost including timekeeping and remuneration, (4) overhead cost including allocation and recovery rates, and (5) costing methods including job, contract and process costing. The course aims to develop an understanding of cost concepts and ascertainment of costs for different product types. It will be assessed through short answer theory questions, problems, and longer problems worth a total of 75 marks.

Uploaded by

Suresh Krishna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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U16CO6

B.Com Hours per week 4


Semester-IV Credits 4
Core Course 6 (CC 6)
COST ACCOUNTING

Objective: To create an understanding of the cost concept and the methods for ascertainment of
costs for different types of products.

UNIT – I Introduction
Definition, Scope and nature of cost accounting – cost concepts – classification – objectives and
advantages –– methods and techniques – cost unit – cost centres – cost sheet-Tenders and
Quotations.

UNIT – II Materials
Materials cost – purchase procedure – stores procedure – receipt and issue of materials ––
Inventory control – levels of stock, perpetual inventory. ABC Analysis, EOQ – Stores ledger –
pricing of material issues, FIFO, LIFO, Simple Average & Weighted Average.

UNIT – III Labour


Labour cost – Time recording and time booking – methods of remuneration and incentive
schemes – overtime and idle time – labour turnover types – causes and remedies.

UNIT – IV Overheads
Overheads – collection, classification, allocation, apportionment, absorption – recovery rates –
Over & Under absorption Primary and Secondary distribution summary-Machine Hour Rate-
Cost reconciliation statement.

UNIT – V Methods of costing


Methods – Job costing, Contract costing, Process costing -Excluding equivalent production and
inter process profit)

Books Recommended
1. Jain and Narang Cost Accounting ,Kalyani Publishers, Ludhiana
2. R. Ramachandran & . R. Srinivasan ,Cost Accounting ,Sriram Publications, Tiruchi-17
3. Pillai and Bagawathi ,Cost Accounting, S.Chand &Co.New Delhi

Marks Scheme
Section A (2*10=20 Marks Section B ( 5*5= 25 Marks) Section C(3*10=30Marks)
Questions 1 to 10 11a) Theory 11 b) Problem Questions 16 to 20
Theory Questions only 12a) Problem 12b) Problem Problems only
13a) Theory 13b) Problem
14a) Problem 14 b) Problem
15 a)Problem 15b) Problem

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