• In this revised edition, several New Illustrations (solved) of real worth have been added and questions graded. All the chapters have been closely screened and revised to make the book utility-oriented in a larger measure. Questions asked in various universities examinations have been incorporated in the book.

Following chapters have been included in the book to cover the new syllabus:

• Life Cycle Costing
  
• Activity-Based Costing
  
• Back Flush Costing
  

The Illustrations and Practical Questions have been given Topic-wise, graded from easy to difficult. The students of elementary studies may select easy questions Topic-wise and leave difficult ones. Cost Accounting contains solutions to the unsolved problems given at the end of each chapter of this book under the heading `Numerical Questions’.

Cost Accounting New Syllabus For Dr. Bhim Rao Ambedkar University, Agra of B.B.A.

Unit I: Introduction to Cost Accounting: Basic Cost Concepts-elements of cost, classification of cost, total cost build up and cost sheet, Emergigterms viz. Life Cycle Costing, Activity Based Costing, Back-flush Costing, Materials Control: Meaning-Steps Involved-materials and inventory-techniques of material/inventory control-valuation of incoming & outgoing material—material losses.

Unit II: Labour Cost Control: Direct and Indirect Labour, Steps Involved—treatment of Idle time, Holiday Pay, Overtime etc. in cost accounts, casual workers & out workers, Labour turnover, methods of wage payment, Incentive plans.

Unit III: Overheads: Meaning & Classification of overheads-Treatment of specific items of overheads in cost accounts-stages involved in distribution of overheads-methods of absorption of overheads-treatment of under and over absorption of overheads.

Unit IV: Methods of Costing: Single output costing, job costing, contract &batch costing, Process (including joint products and by-products and inter-process profits), Operating/Service costing (Transport & Power House only).

Cost Accounting Book Contents

1. Cost Accounting: An Introduction
2. Cost: Elements, Concepts and Classification (As Per CAS-1)
3. Material Cost Accounting (including Material Purchase and Issue Pricing)
4. Material/Inventory Cost Control: Concept and Techniques (Including Treatment of Material Losses)
5. Labour Cost Accounting Labour Turnover, Idle Time and Overtime (In The Context of CAS-7)
6. Methods of Wage Payment: Time Rates, Piece Rates and Incentive Schemes
7. Accounting for Overheads: Classification and Treatment
8. Overheads: Allocation, Apportionment (Departmentalisation) and Absorption (In the Context of CAS-3)
9. Machine Hour Rate Method
10. Unit or Output Costing-I (Cost Sheet, Cost Statement and Production Account)
11. Unit or Output Costing-II (Calculation of Estimates Tender and Quotation Price)
12. Contract Costing (Including AS-7)
13. Job and Batch Costing
14. Process Costing (Including Joint Products and By-Products)
15. Process Costing: Inter-Process Profits
16. Process Costing: Equivalent Production
17. Reconciliation of Cost and Financial Accounts
18. Operating Costing
19. Life-Cycle Costing
20. Activity-Based Costing
    ● Appendix: Back Flush Costing

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