Cost & Management Accounting – I B.S Raman
Chapter– I : Basic Concepts:
Meaning and definition : Cost, costing, Cost Accounting, cost accountancy and management accounting, Objectives of cost accounting, Limitations of Financial accounting, Relationship between Cost accounting and Financial accounting,
Advantages of cost accounting Systems, Methods and Techniques of cost accounting.
Chapter– II : Introduction of Costing System
Cost unit and cost centre, Classification of costs on the basis of elemeents, functions and behaviour.
Chapter– III : Cost Sheet:
Cost Sheet – Tenders and Quotations.
Chapter – IV : Material Control:
Material control: meaning and objectives, Purchase of Materials: Types of purchasing– centralized and decentralized purchasing, purchase procedure. Pricing of material purchases – simple problems, Stores control – Meaning – Types of Stores. Inventory conrol – Meaning and techniques, Fixation of stock levels – Economic Order Quantity, ABC Analysis.Physical stock verification: Periodical and continuous stock verification – merits, problems on stock levels, EOQ and Bin Card.
Chapter– V : Pricing of Material Issues:
Methods of pricing the material issues – Theory and Problems on FIFO and Weighted Average Methods.
Chapter – VI : Labour:
Labour : Meaning – Direct and Indirect labour, Time keeping and Time booking– Meaning and objectives, Idle time and Overtime : Causes and control, Labour Turnover : Meaning, causes and measurement of labour turnover-systems of wage payment – Theory and problems: Time wage: Merits and demerits, Piece rate system : Meris and demerits, Taylor’s differential piece rate system, Halsey’s Incentive plan, Rowan’s Incentive Plan.