SEMESTER 1 – COST ACCOUNTING I C415MC102 Objective: To familiarize and acquire adequate knowledge with the basic cost concepts required for effective decision making in firms. Module 1 Basic Concepts 7Hrs – Meaning Cost accounting Cost accountancy Costing Cost accounting and – – – – management Objectives of Cost Accounting Cost accounting v/s Financial – – Accounting Cost Accounting v/s Management Accounting Advantages of cost – – accounting Methods of costing Techniques (types) of costing Cost – – –– centres(Meaning and purpose) Cost units(Meaning and importance) Cost – – accounting departments–Brief note on Cost Audit Records and Report Rules. Module 2 Cost Concepts and Classification 12 Hrs – Cost Expenses Losses Classification of costs Natural classification of costs – – – – – Cost behaviour (in relation to changes in output or activity or volume Degree of – traceability to the product Association with the product Functional classification – – of costs Costs of control other costs Cost statement or cost sheet Tender and – – – quotation - Job and Batch Costing. Module 3 Material Control and Material Costing 12Hrs –
SEMESTER – 1 COST ACCOUNTING I C415MC102 Objective: To familiarize and acquire adequate knowledge with the basic cost concepts required for effective decision making in firms. Module 1 – Basic Concepts 7Hrs Meaning – Cost accounting – Cost accountancy – Costing – Cost accounting and management – Objectives of Cost Accounting – Cost accounting v/s Financial Accounting – Cost Accounting v/s Management Accounting – Advantages of cost accounting – Methods of costing – Techniques (types) of costing –– Cost centres(Meaning and purpose) – Cost units(Meaning and importance) – Cost accounting departments–Brief note on Cost Audit Records and Report Rules. Module 2 – Cost Concepts and Classification 12 Hrs Cost – Expenses – Losses – Classification of costs – Natural classification of costs – Cost behaviour (in relation to changes in output or activity or volume – Degree of traceability to the product – Association with the product – Functional classification of costs – Costs of control other costs – Cost statement or cost sheet – Tender and quotation - Job and Batch Costing. Module 3 – Material Control and Material Costing 12Hrs
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