Cost Accounting TYBcom Sem 5 Manan Prakashan

• Publisher : Manan Prakashan
• Author: Ainapure & Ainapure
• Edition: 2024
• Availability: In Stock
• Normally Deliver within 3-4 days

• Description :

  Cost Accounting TYB.Com Sem 5 Manan Prakashan Book is base on latest updated syllabus and paper pattern prescribed by Mumbai University for B.Com (Bachelor of Commerce) 3rd Year semester 5 published by Manan Prakashan.

  1. Introduction to Cost Accounting
  (a) Objectives and Scope of Cost Accounting
  (b) Cost Centres and Cost Units
  (c) Cost Classification for Stock Valuation, Profit Measurement, Decision Making and Control
  (d) Coding Systems
  (e) Elements of Cost
  (f) Cost Behaviour Pattern, Separating the Components of semi-variable Costs

  2. Material Cost
  (i) Procurement Procedures – Store Procedures and Documentation in respect of Receipts and Issue of Stock, Stock Verification
  (ii) Inventory Control – Techniques of Fixing of Minimum, Maximum and Reorder Levels, Economic Order Quantity, ABC Classification; Stocktaking and Perpetual Inventory
  (iii) Inventory Accounting
  Note : Simple practical problems based on
  Calculation of EOQ
  Raw Material Turnover Ratio
  Preparation of stock ledger and valuation of inventories, based on FIFO and Weighted average cost

  3. Labour Cost
  (i) Attendance and Payroll Procedures, Overview of Statutory Requirements, Overtime, Idle Time and Incentives
  (ii) Labour Turnover
  (iii) Utilisation of Labour, Direct and Indirect Labour, Charging of Labour Cost, Identifying Labour Hours with Work Orders or Batches or Capital Jobs
  (iv) Efficiency Rating Procedures
  (v) Remuneration Systems and Incentive Schemes
  Note : Simple practical problems based on :
  Preparation of labour cost statement
  Remuneration and incentive systems based on Piece work plan, Halsey Premium Plan, Rowan system, Gantt’s Task

  4. Overheads
  Functional Analysis – Factory, Administration, Selling and Distribution
  Behavioural Analysis – Fixed, Variable, Semi Variable Cost
  Note : Simple practical problems on
  Departmentalization and apportionment of primary overheads,
  Computation of overhead rates including Machine overhead rates
  Basic concepts of treatment of over/under absorption of overheads – Direct Labour method and Prime Cost method

  5. Classification of Costs and Cost Sheet
  Classification of Costs, Cost of Sales, Cost Centre, Cost Unit, Profit Centre and Investment Centre
  Cost Sheet, Total Costs and Unit Costs, Different Costs for different purposes
  Note : Simple practical problems on preparation of cost sheet

  6. Reconciliation of Cost and Financial Accounts
  Practical problems based on Reconciliation of Cost and Financial Accounts