Cost & Management Accounting

The Cost & Management Accounting book has been published strictly according to the syllabi of B. Com. IInd Year of Kanpur University.

• 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.
• Chapter on ‘Cost Audit’ has been thoroughly revised on the basis of Companies Act, 2013 and Companies (Cost Records and Rules), 2014.
• 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.
• Most important feature of this edition is that some advanced exercises with solutions and problems with answer have been given chapter-wise at the end of the book.
• The ‘Practice Manual of Cost Accounting’ contains the solution of unsolved Numerical questions given at the end of each chapter in this book.

Cost & Management Accounting Book Syllabus For B.Com II Year of Chhatrapati Shahu Ji Maharaj University (CSJMU)

• Unit-I: Introduction : Nature and scope of cost accounting: Cost concepts and classification; methods and techniques; Installation of costing system; Concept of cost audit.
• Unit-II: Accounting for Material : Material control; Concept and techniques; Pricing of material issues; Treatment of material losses.
• Unit-III: Accounting of Labour : Labour cost control procedure; Labour turnover; Idle time and overtime; Methods of wage payment – time and piece rates; Incentive Schemes.
• Unit-IV: Accounting for Overheads : Classification and departmentalization; Absorption of overheads; Determination of overhead rates; Under and over absorption and its treatment.
• Unit-V: Unit costing and Reconciliation statement.
• Unit-VI: Job, batch and contract costing.
• Unit-VII: Process costing : excluding inter-process profits and joint and byproducts.
• Unit-VIII: Operating costing.
• Unit-IX: Marginal Costing.
• Unit-X: Cost volume and profit Analysis

Cost & Management 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. Service Costing (Operating Costing)
19. Cost Audit
20. Cost Records
21. Cost Control Accounts : Non-Integrated and Integrated
22. Cost-Volume-Profit Analysis : Break-Even Point
23. Absorption Costing and Marginal Costing : Concept and Computation
24. Marginal Costing : As a tool for Decision-Making

Note : Chapter Nos. 20 and 21 are not included in the new syllabus.