Description

Minor in Accounting – I

FYBCOM Semester II

As Per NEP 2020
(w.e.f. the Academic Year 2024-25)

Syllabus

Module 1: Fundamentals of Cost Accounting
1. Evolution, Scope, Objectives and Significance of Cost Accounting
2. Introduction to Methods of Costing : Job Costing, Process Costing, Batch Costing, Operating Costing and Contract Costing (Theoretical Aspects Only)
3. Application of Cost Accounting for Business Decisions
4. Definition of Cost, Cost Centre, Cost Unit and Cost Drivers (Small Case Studies)
5. Classification of Costs (With Reference to Cost Accounting Standard 1) (Small Case Studies)

Module 2 : Statement of Cost and Profit
1. Elements of Cost, Concept and Advantages of Cost Sheet
2. Preparation of Cost Sheet and Ascertainment of Profit (Simple Illustrations and Case Studies)