Syllabus of University of Pune B.B.M-Cost Accounting

Cost Accounting
Course Code : 201
Course Title : Cost Accounting
Objectives: 1) To Impart the Knowledge of Basic cost concepts, element of cost & Preparation of
Cost Sheet.
2)To provide basic knowledge of important Methods & Techniques of costing.
Level of Knowledge : Basic understanding of the subject.
Units Topics Teaching Hrs

Unit 1: Introduction. 8
1.1 Concept of cost, costing, cost Accounting & Cost Accountancy
1.2. Limitations of Financial Accounting
1.3. Origin and objectives of cost Accounting
1.4. Advantages and Limitations of Cost Accounting
1.5. Difference between Financial and Cost Accounting
1.6. Cost Unit & Cost Centre

Unit 2: Elements of cost 8
2.1. Material, Labour and other Expenses
2.2. Classification of cost & Types of Costs
2.3. Preparation of Cost Sheet

Unit 3: Methods of Costing (Theory Only) 14
3.1. Job Costing – Meaning, Features, Advantages and Limitation
3.2. Contract Costing – Basic Concepts
3.3. Process Costing - Meaning, Features, Normal and Abnormal
Loss/ Gains
3.4. Operating Costing – Meaning, Features & Objectives
Techniques of Costing

Unit 4. Budget and Budgetary Control- Definition, Meaning and 6
objectives of Budgetary control Advantages and disadvantages
of Budgetary Control Types of Budget

Unit 5. Marginal Costing – Meaning and Various Concepts - Fixed Cost 6
Variable Cost, Contribution, P/V Ratio, Break Event Point, Margin
of Safety

Unit 6. Standard Costing- Definition and Meaning of Various Concepts 6
Advantages and Limitations of Standard Costing
Variance Analysis – Material and labour Variances only
Total Periods 48
Area of Practical problems:
Simple Problems on
1) Cost Sheet
2) Techniques of Costing
I) Marginal Costing
II) Budget and Budgetary Control – Flexible and Cash Budget
III) Standard Costing – Material and Labour Variances only
Allocation of Marks:
Theory – 50%
Practical Problems – 50%
Compulsory one industrial visit for updating practical knowledge.

Books, Journals and Website Recommended: -
Books -
1. Advanced cost Accounting by Saxena and Vasistha.
2. Advanced cost Accounting by S.P.Jain and Narong.
3. Cost Accounting by S.N.Maheshwari
4. Cost Accounting by Ratnam.
5. Practice in Advanced Costing and Management Accounting by Prof. Subhash Jagtap Nirali Prakashan, Pune.
6.Cost and Works Accounting II and IIIProf.Subhasg Jagtap,Prof.Pagar and Dr.Nare
K.S.Publication,Pune.
7.Cost Accounting – Bhatta HSM,Himalaya Publication
8. Cost Accounting – Prabhu Dev , Himalaya Publication
9. Advanced Cost Accounting – Made Gowda,Himalaya Publication

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