Description

Cost Accounting (Paper III)

 

TYBAF Semester V

 

Syllabus

 

1. Uniform Costing and Inter-Firm Comparison
Uniform Costing
Meaning of and Need for Uniform Costing
Essentials for Success of Uniform Costing
Advantages and Limitations of Uniform Costing
Areas of Uniformity, Uniform Cost Manual
Inter-Firm Comparison
Pre requisites of inter firm comparison
Advantages and Limitations
Practical Problems

2. Integrated System and Non Integrated System of Accounts
Integrated System
Meaning, Features, Advantages and Disadvantages
Journal Entries and Preparing Integrated Ledgers
Practical Problems
Non-Integrated System
Meaning, Features, Advantages and Disadvantages
Journal Entries and Preparing Cost Control Accounts
Practical Problems

3. Operating Costing
Meaning of Operating Costing
Determination of per unit cost
Pricing of Services
Collection of Costing Data
Practical problems based on costing of hospital, hotel, goods and passenger transport services

4. Process Costing – Equivalent Units of Production and Inter-Process Profit
Valuation of Work in Progress and Equivalent Production
(FIFO Method and Weighted Average Method)
Inter Process transfer at Profit
Practical Problems

5. Activity Based Costing System
Activity Based Costing – Introduction, Advantages, Limitations,
Identification of Cost Drivers,
Practical Problems on Traditional v/s Activity Based Costing System