You can read M.Com Advanced Cost Accounting Notes Online at here.
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Following concepts are in M.Com Advanced Cost Accounting Notes
UNIT-I Nature and Scope of Cost Accounting; Introduction, meaning of cost accounting, scope of cost accounting, objectives of cost accounting, advantages of cost accounting, financial accounting v/s. cost accounting, limitations of cost accounting, general principles of cost accounting, cost system characteristics of an ideal cost system, installations of a cost system Cost Terms and Purposes; Cost in general, cost objectives, cost system, cost behaviour pattern, variable cost and fixed cost, shut down cost, average cost, total cost, product cost, period cost, inventoriable cost, fringe cost. Classification of cost; Preparation of Statement of Cost, Collection of cost for Tenders or Quotations.
UNIT-II Inventory Planning, Control and Costing: Techniques of Inventory Control; Level Setting, Economic Order Quantity, Just- in Time Inventory System, ABC Analysis, VED Analysis and Perpetual Inventory System. Methods of Valuing Material Issues. Accounting for Pay-Roll: Methods of Wage Payment and Incentive Plans. Overheads Allocation, Apportionment, Re-apportionment and Absorption.
UNIT-III Reconciliation of Cost and Financial Accounts; Need for Reconciliation, Reasons for disagreement between the profits disclosed by financial accounts and cost accounts. Standard Costing and Variance Analysis: Meani9ng of Standard Costing, Preliminaries to the cost og Standard cost, Analysis of Material, Labour, Overheads and Sales Variance.
UNIT-IV Service or Operating Costing; Transport Costing, Hospital Costing, Hotel Costing and Power House Costing. Contract Costing; Recording of Cost value and profit of contract. Process Costing;Features of Process Costing, Application of Process Costing, Elements of Production Cost, Process Losses, Inter-process Profits.
You can donate Accounting Education at here.
Following concepts are in M.Com Advanced Cost Accounting Notes
UNIT-I Nature and Scope of Cost Accounting; Introduction, meaning of cost accounting, scope of cost accounting, objectives of cost accounting, advantages of cost accounting, financial accounting v/s. cost accounting, limitations of cost accounting, general principles of cost accounting, cost system characteristics of an ideal cost system, installations of a cost system Cost Terms and Purposes; Cost in general, cost objectives, cost system, cost behaviour pattern, variable cost and fixed cost, shut down cost, average cost, total cost, product cost, period cost, inventoriable cost, fringe cost. Classification of cost; Preparation of Statement of Cost, Collection of cost for Tenders or Quotations.
UNIT-II Inventory Planning, Control and Costing: Techniques of Inventory Control; Level Setting, Economic Order Quantity, Just- in Time Inventory System, ABC Analysis, VED Analysis and Perpetual Inventory System. Methods of Valuing Material Issues. Accounting for Pay-Roll: Methods of Wage Payment and Incentive Plans. Overheads Allocation, Apportionment, Re-apportionment and Absorption.
UNIT-III Reconciliation of Cost and Financial Accounts; Need for Reconciliation, Reasons for disagreement between the profits disclosed by financial accounts and cost accounts. Standard Costing and Variance Analysis: Meani9ng of Standard Costing, Preliminaries to the cost og Standard cost, Analysis of Material, Labour, Overheads and Sales Variance.
UNIT-IV Service or Operating Costing; Transport Costing, Hospital Costing, Hotel Costing and Power House Costing. Contract Costing; Recording of Cost value and profit of contract. Process Costing;Features of Process Costing, Application of Process Costing, Elements of Production Cost, Process Losses, Inter-process Profits.
