CA-1 (BCOM 4th)

UNIT–I

Meaning, Nature, Scope and Advantages of Cost Accounting, Management Accounting,

Distinction between Cost ,Financial and Management Accounting, Elements of Cost & Basic

Cost Sheet. Materials; Purchase and Storage, Control and Pricing of the Material, Issue of

Material. Labour: Meaning, Components of Labour Cost, and methods of wage payment and

incentive plans. Meaning causes effects, accounting & control of idle time and overtime cost.

Overheads: Classification, Collection, Allocation, Apportionment and Absorption.

Reconciliation of Cost and Financial Accounts.

UNIT –II

Methods for Cost Determination: Job, Batch, Contract, Process (including Joint and ByeProducts).

UNIT–III

Tools for Cost Control: Marginal Costing and its applications, Budgetary Control, Standard

Costing and Analysis of Variances.

UNIT –IV

Basics of Modern Techniques of Costing: Basic Concept of Activity-Based Costing (ABC),

Target Costing, Life Cycle Costing