Cost And Management Accounting 1 Edition(Hindi, Paperback, Dr. B. K. Mehta, Dr. B. P. Agarwal) | Zipri.in
Cost And Management Accounting 1 Edition(Hindi, Paperback, Dr. B. K. Mehta, Dr. B. P. Agarwal)

Cost And Management Accounting 1 Edition(Hindi, Paperback, Dr. B. K. Mehta, Dr. B. P. Agarwal)

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COST AND MANAGEMENT ACCOUNTING Unit I : Introduction : Meaning, Objectives and Advantages of Cost Accounting, Difference between Financial, Cost and Management Accounting and Cost Concepts and Classifications, Role of a Cost Accountant in an Organization. Unit II : Elements of Cost (a) Materials : Material/Inventory Control-Concept and Techniques, Accounting and Control of Purchases, Storage and Issue of Materials, Method of Pricing of Materials Issues—FIFO, LIFO, Simple Average, Weighted Average. (b) Labour : Accounting and Control of Labour Cost, Time Keeping and Time Booking, Concept and Treatment of Ideal Time, Over Time, Labour Turnover and Fringe Benefits. (c) Overhead : Classification, Allocation, Capacity Cost, Treatment of Certain Items in Costing Machine Hour Rate. Unit III : Methods of Costing Unit Costing, Job Costing, Contract Costing, Process Costing (Process Losses, Valuation of Work in Progress, Joint and by-Products) Service Costing (Only Transport), Reconciliation of Cost and Financial Accounts. Unit IV : Budgeting and Budgetary Control : Concept of Budget and Budgetary Control, Objectives, Merits and Limitations, Types of Budgets. Unit V : Absorption Versus Variable Costing : Distinctive Features and Income Determination. Cost-Volume Profit Analysis : Break-even Analysis-Algebraic and Graphic methods. Contribution/Sales Ratio, Key Factor. Margin of Safety. Angle of Incidence. Introduction of Fund Flow and Cash Flow Analysis.