Meaning-definition-scope-objectives-function-merits and demerits of Cost and Management Accounting-distinction between cost, management and financial accounting - Elements of cost-cost concepts and costs classification
Preparation of cost sheet-stores control- EOQ-maximum, minimum, reordering levels pricing of materials issues-FIFO,LIFO,AVERAGE COST, STANDARD PRICE methods -labour cost-remuneration and incentives-Case Study
Financial statement Analysis - preparation of comparative and common size statements - analysis and interpretation. Ratio analysis - classification of ratios-liquidity, profitability, solvency – inter firm comparison.
Fund flow analysis-cash flow analysis (problems only)
Standard costing-variance analysis-material and labour variances Marginal Costing-cost volume profit analysis. Budgeting and preparation of various budgets- Case Study
Reference Book:
1. R.S.N.Pillai and V.Bagavathi ,“Cost Accounting”,S.Chand and Company Ltd.New Delhi.2004 2. S.P.Iyyangar, “Cost Accounting Principles and Practice”, Sultan Chand, New Delhi.2005. 3. V.KSaxena & C.D.Vashist, “Cost Accounting”, Sultan Chand, New Delhi 2005. 4. M.N.Arora, “Cost Accounting”, Sultan Chand, NewDelhi 2005.
Text Book:
S.P. Jain and KL. Narang , “Cost Accounting”, Kalyani Publishers, NewDelhi.Edn.2005