Jiwaji University, Madhya Pradesh, General Semester 2, Cost Accounting Syllabus

UNIT – I: Cost Accounting: An Overview and Material Cost:

Concept of cost accounting, Nature, Scope, Objectives and Functions of
cost accounting, Advantages and Limitations of cost accounting,
Methods and Techniques of cost accounting.
Elements and Classification of cost, Concept of material control,
Methods of pricing material issues.
UNIT – II: Labour Cost Control and Overheads:

Labour cost management, Methods of remuneration, Labour turnover,
Labour cost control.
Classification of overheads, Codification of overheads, Sources of
collection of overheads, Departmentalization of overhead, Allocation,
Apportionment and Absorption of overheads.

UNIT – III: Cost System:

Preparation of cost sheet, Statement of cost, Tender price or Quotation
price.
Cost audit and Cost reduction.

UNIT – IV: Process Costing:

Process Costing- Meaning, Accounting procedure of costing, Wastage,
Scrap, Defectives and Spoilage, Treatment of normal, Abnormal losses
and Abnormal gain, Oil refinery process, Inter process profit.

UNIT – V: Operating Costing:

Concept and Objectives of operating cost, Transport services, Power
house costing, Hotel costing, Canteen costing, Cinema costing and
Hospital costing.