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(UNIVERSITY OF DELHI)
REVISED SYLLABUS FOR Courses of Reading For B.Com. for Academic Year 2006-2007 and onwards
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B. Com – Part III
Paper – XII
COST ACCOUNTING
Duration : 3 hrs. Max. Marks: 75
Lectures: 75
Objectives:
1. To acquaint the student with basic concepts used in cost accounting and various
methods involved in cost ascertainment systems.
2. To provide the student knowledge about use of costing data for planning, control
and decision making.
COURSE CONTENTS:
Unit – I
Introduction: Meaning, objectives and advantages of cost accounting, difference between
cost accounting and financial accounting. Cost concepts and classifications, cost unit,
cost centre, cost object. 8 Lectures
Unit – II
Accounting and Control of material cost: Issue of materials. Methods of pricing of
material issues – FIFO, LIFO, Weighted Average. Inventory control – concept and
techniques like fixing of stock levels, EOQ, ABC analysis, perpetual & periodic
inventory systems, Material losses and their treatment.
10 Lectures
Unit – III
Accounting and Control of Labour Cost: Time keeping and time booking, concept and
treatment of idle time, over time and labour turnover.
8 Lectures
Unit – IV
Overheads: Classification, allocation, apportionment and absorption of overhead.
Treatment of over-and under-absorption. 10 Lectures
Unit – V
Methods of Costing: Job Costing, single output and Contract Costing, Process costing
(excluding treatment of work-in-progress, joint and by-products), service costing
(Transport Costing).
15 Lectures
Unit – VI
Reconciliation of Cost and Financial Accounts 4 Lectures
Unit – VII
Marginal Costing- Meaning, Assumptions and uses. Cost-Volume-Profit Analysis:
Break-even analysis, Decision making areas - products mix, make / Buy, pricing
decisions.
15 Lectures
Unit – VIII
Budgetary Control: Concept of budget and budgetary control, objectives, merits and
limitations. Fixed and Flexible budgets, Cash Budget.
5 Lectures
Suggested Readings:
1. Jawahar Lal, Cost Accounting, Tata McGraw Hill Publishing Co., New Delhi.
2. M. N. Arora, Cost Accounting – Principles and Practice, Vikas Publishing House,
New Delhi.
3. D. K. Mittal and Luv Mittal, Cost Accounting, Galgotia Publishing Co., New
Delhi.
4. Ravi M. Kishore, Cost Accounting, Taxmann Allied Services Pvt. Ltd. New
Delhi.
5. B.M. Lall Nigam and I.C. Jain, Cost Accounting, Principles, Methods and
Techniques, K.L. Malik & Sons Pvt. Ltd., Daryaganj, New Delhi.
6. M.C. Shukla, T.S. Grewal and M P. Gupta, Cost Accounting, Text and Problems,
S. Chand & Co. Ltd., New Delhi.
7. S.P. Jain and K. L. Narang, Cost Accounting, Principles and Methods, Kalyani
Publishers, Jalandhar.
8. S. N. Maheshwari & S.N. Mittal, Cost Accounting, Theory and Problems Shri
Mahabir Book Depot, New Delhi.
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