Description

Cost Accounting

SYBAF Semester III

Syllabus

1. 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 purpose
Problems on Preparation of Cost Sheet and Estimated Cost Sheet

2. Reconciliation of Cost and Financial Accounts
Practical problems based on reconciliation of cost and Financial accounts

3. Contract Costing
Progress payments, Retention money, Contract accounts, Accounting for material, Accounting for Tax deducted at source by the contractee, Accounting for plant used in a contract, treatment of profit on incomplete contracts, Contract profit and Balance sheet entries.
Escalation clause
Practical Problems

4. Process Costing
Process loss, Abnormal gains and losses, Joint products and by products
Excluding Equivalent units, Inter-process profit
Practical Problems Process Costing and joint and by products