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The document outlines the syllabus for the B.Com Final Year V Semester course on Cost Accounting at Kakatiya University. It covers key topics such as cost concepts, material and labor costs, costing methods, and includes practical problems. Suggested textbooks for further reading are also provided.

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Page 3

The document outlines the syllabus for the B.Com Final Year V Semester course on Cost Accounting at Kakatiya University. It covers key topics such as cost concepts, material and labor costs, costing methods, and includes practical problems. Suggested textbooks for further reading are also provided.

Uploaded by

affanbhaishaik0527
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Department of Commerce and Business Management,

Kakatiya University, Warangal

B.Com Final Year – V Semester

BC503: Cost Accounting


Max. Marks: 80UE+20IA

UNIT-I: INTRODUCTION: Cost Accounting: Definition – Features – Objectives – Functions


– Scope – Advantages and Limitations - Essentials of a good cost accounting system- Difference
between Cost Accounting and Financial Accounting – Cost concepts – Cost Classification –
Preparation of cost sheet(including problems)

UNIT-II: MATERIAL: Direct and Indirect Material cost – Inventory Control Techniques – Stock
Levels – EOQ – ABC Analysis – JIT-VED-FSND -Issue of Materials to Production – Pricing
methods: FIFO-LIFO with Base Stock and Simple and Weighted Average methods. (Including
problems)

UNIT-III: LABOUR AND OVERHEADS: Labour: Direct and Indirect Labour Cost – Methods of
Payment of Wages (only Incentive Plans): Halsey, Rowan, Taylor Piece Rate and Merrick Multiple
Piece Rate Methods. Overheads: Classification - Methods of Allocation - Apportionment and
Absorption of overheads. (including problems)

UNIT-IV: UNIT COSTING AND JOB COSTING: Unit Costing: Features - Cost Sheet – Tender
and Estimated Cost Sheet. Job Costing: Features - Objectives – Procedure - Preparation of Job Cost
Sheet.(including problems)

UNIT-V: CONTRACT AND PROCESS COSTING: Contract Costing: Features - Procedure of


Contract Costing – Guidelines to Assess profit on incomplete Contracts – Advantages Process
Costing: Meaning – Features – Preparation of Process Account – Normal and Abnormal
Losses.(including problems)

SUGGESTED BOOKS:
1. Cost Accounting: Jain and Narang, Kalyani
2. Cost Accounting: M.N. Arora, Himalaya
3. Cost and Management Accounting: PrashantaAthma, Himalaya
4. Cost Accounting: Jawaharlal, Tata Mcgraw Hill
5. Cost Accounting: Theory and Practice: Banerjee, PHI
6. Introduction to Cost Accounting: Tulsian, S.Chand
7. Cost Accounting: Horngren, Pearson
8. Cost Accounting: Ravi M. Kishore, Tax Mann Pulications.

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