COST & MANAGEMENT ACCOUNTING Book for BBA 2nd Semester Lucknow University

Syllabus

P8: Cost & Management Accounting

UNIT-I

Introduction to Cost Accounting: Meaning, Objectives and Differences with Financial Accounting, Classification of Cost, Preparation of Cost Sheet, Difference between Marginal and Absorption Costing, Cost Volume Profit Analysis.

UNIT-II

Methods of Costing: Job Costing, Process Costing, Activity Based Costing. Reconciliation of Costing and Financial Records.

UNIT-III

Introduction to Management Accounting: Meaning, Objectives, Difference between Cost and Management Accounting. Relevant Costing and Decision Making: Special Order and Addition, Deletion of Product and Services, Optimal uses of Limited Resources, Pricing Decisions, Make or Buy Decisions.

UNIT-IV

Budgets and Budgetary Control: Preparing Flexible Budgets. Standard Costing and Variance Analysis for Material and Labour. Introduction to Responsibility Accounting: Meaning and Types of Responsibility Centres.