Assam University b.com Hons Syllabus-303 3rd sem ADVANCED COST ACCOUNTING - I

ADVANCED COST ACCOUNTING - I  BCMH A 303 (HONOURS PAPER)  Objective : This course aims at developing and understanding application of ...

ADVANCED COST ACCOUNTING - I 

BCMH A 303 (HONOURS PAPER) 

Objective : This course aims at developing and understanding application of cost accounting techniques. 

Full Marks - 50 

UNIT 1 

COST ACCOUNTING FUNDAMENTALS

1.1 Installation of costing system.
1.2 Characteristics of an ideal costing System.
1.3 Methods and types of costs.
1.4 Elements of cost and preparation of cost sheet.

UNIT 2 

JOB AND BATCH COSTING

2.1 Job Costing-Feature, Objective, Advantages & Disadvantages, Procedure.
2.2 Batch Costing- Procedure.

UNIT 3 

PROCESS COSTING 10

3.1 Process Costing- Features, Advantage & Disadvantages.
3.2 Production cost in Process Costing.
3.3 Process Losses- Normal Process Loss and Abnormal Process Loss, Abnormal Gain.

UNIT 4 

CONTRACT COSTING

4.1 Contract Costing- Features, Types of Contracts.
4.2 Recording of Cost, Value and Profit of Contracts.
4.3 Profit on incompleted Contracts.

UNIT 5 

UNIT OR OUTPUT COSTING 10

5.1 Tenders or Quotations.
5.2 Treatment of Scrap.
5.3 Production Account.

Suggestion Readings: 

1. M.N. Arora; Cost Accounting- Principles & Practice, Vikash Publishing House, New Delhi.
2. B.Banerjee; Cost Accountancy, World Press, Kolkata.
3. S.P. Jam & K.LNarang; cost accountancy- Principles & Practice, Kalyani Publishers.
4. Maheswari, S.N. Advanced Problems & Solutions in cost Accounting, Sultan Chand, New Delhi.
5. Tulsian, P. C. Practice Costing, Vikash Publishing House, New Delhi.