| 1. | Basic aspects of Cost Accounting | 15% |
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| | • | Cost Concepts and Classification of costs | | • | Materials: accounting and control systems procedures and techniques | | • | Labour: accounting, incentive schemes and control systems and procedures | | • | Direct Expenses | | • | Indirect expenses: allocation, apportionment, re-apportionment and absorption of overhead costs. | | • | Cost Accounting Standards. |
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| 2. | Cost Accounting Methods and systems | 20% |
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| | • | Job, batch, contract and process costing. | | • | Cost accounting for service sector | | • | Accounting entries for an integrated accounting system – cost ledgers | | • | Reconciliation between cost and Financial profit and loss account. | | • | Interlocking accounting |
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| 3. | Decision Making Tools | 20% |
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| | • | Marginal costing, break even analysis and its applications in decision making | | • | Absorption costing as a system of profit reporting and stock valuation. | | • | Throughput accounting as a system of profit reporting and stock valuation. | | • | Activity-based costing for profit reporting and stock valuation. | | • | Integration of standard costing with marginal cost accounting, absorption cost accounting and throughput accounting. | | • | Process costing including establishment of equivalent units in stock, work-in-progress and abnormal loss accounts and use of various methods like first-in-first-out, average cost and standard cost methods of stock valuation. |
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| 4. | Budgeting | 15% |
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| | • | Budget Concepts and Preparation | | • | Fixed and Flexible Budgets | | • | Time series analysis including moving totals and averages, treatment of seasonality, trend analysis using regression analysis and the application of these techniques in forecasting product and service volumes. | | • | Fixed, variable, semi-variable and activity-based categorizations of cost and their application in projecting financial results. | | • | Zero base budgeting |
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| 5. | Standard Costing | 15% |
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| | • | Manufacturing standards for material, labour, and overhead. | | • | Price/rate and usage/efficiency variances for materials, labour and overhead. Further subdivision of total usage/efficiency variances into mix and yield components. | | • | Fixed overhead variances. | | • | Planning and operational variances. | | • | Sales price and sales revenue/margin volume variances (calculation of the latter on a unit basis related to revenue, gross margin and contribution margin). Application of these variances to all sectors, including professional services and retail analysis. | | • | Interpretation of variances: interrelationship, significance. | | • | Benchmarking for setting standards |
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| 6. | Costing and performance management | 10% |
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| | • | Business performance measurement for performance improvement |
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| 7. | Recent trends in cost and Management Accounting | 5% |
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| Title | Author | Publisher |
|---|
| A Text Book of Cost Accountancy | M.N.Arora | Vikas Publishing Pvt., Ltd. |
| Cost Accountaing: Method & Problems | B.K.Bhar | Academic Publishers |
| Cost Accounting-A Managerial Emphasis | Horngren, Foster & Dater | Prentice Hall |
| Cost Accounting | N.K.Prasad & A.K.Prasad | Book Syndicate |
| Cost Accounting | Bhabatosh Banerjee | World Press |
| Fundamental Managerial Accounting Concept | Edmonds, Edmonds And Tsay | Irwin McGraw Hill |
| Principles and Practice of Cost Accounting | Asish Bhattacharya | Sultan Chand |
| Management Accounting | R.S.N.Pillai & Bhagavati | S.Chand |
| Cost Accounting | Moriarity and Allen | John Wiley |
| Advanced cost and Management | V.K.Saxena & C.D. Vashist | Sultan Chand & Sons |
| Cost Accounting – Theory and Practices | Bhabatosh Banerjee | Sultan Chand & Sons |
| Advanced Cost & Management Accounting-Problems & Solutions | V.K.Saxena & C.D.Vashist | Prentice Hall of India(p) Ltd. |
| Cost Accounting | R.S.N.Pillai & Bhagavati | S.Chand |
| Studies in Cost Management | S.N.Maheshwari | Sultan Chand & Sons |
| Cost and Management Accounting | M.E.Thukaram Rao | New Age International |
| Management Accounting | M.E.Thukaram Rao | New Age International |
