Advanced Cost Accounting

The book has been published according to the latest Syllabus of Kumaun University, Nainital for B.Com. Semester IV.

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 university examinations have been incorporated into the book.

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. The most important feature of this edition is that some advanced exercises with solutions and problems with answers have been given chapter-wise at the end of the book.

A companion book ‘Practice Manual of Cost Accounting’ prepared by the same authors has been published for the benefit of the students. The book contains solutions to the unsolved problems given at the end of each chapter of this book under the heading `Numerical Questions’.

Advanced Cost Accounting Syllabus For B.Com. Semester IV of Kumaun University, Nainital

Unit-I: Process Costing: Accounting treatment of Normal and Abnormal Wastage and Abnormal Effectiveness, Inter-Process Profits.

Unit-II: Accounting for joint Product and By-Product, Apportionment of Joint Expenses,

Unit-III: Operating Costing: Costing of Transport, Electric, Hotel & Restaurant, Hospital

Unit-IV: Budget and Budgetary Control, Advantages, Fixed Budget, and Flexible Budget.

Unit-V: Variance Analysis: Standard Costing: Direct Materials and Direct Labour Cost Variance.

Advanced Cost Accounting Book Contents

1. Process Costing (Including Joint Products and By-Products)
2. Process Costing: Inter-Process Profits
3. Operating Costing
4. Budget and Budgetary Control
5. Standard Costing
6. Variance Analysis (I) (Direct Material & Direct Labour Variance)