COST AND MANAGEMENT ACCOUNTING RTMNU BBA SECOND SEM

Syllabus

Cost and Management Accounting

UNIT 1

Introduction to Cost Accounting - Meaning of Cost, Costing and Cost Accounting, Features, Scope and Functions of Cost Accounting, Advantages and Limitations of Cost Accounting; Concept of Cost; Analysis and Classification of Costs; Elements of Cost; Preparation of Cost Sheet (Statement of Cost); Quotations and Tender.

UNIT 2

Process Costing - Meaning, Features and Applicability, difference between Process and Job Costing, Wastage and by-products, Normal and Abnormal Loss. Preparation of Process Accounts (up to Abnormal Loss and Abnormal Gain only). Operating Costing- Classification of Costs, Features of Operating Costing: Preparation of Log Sheet for Transport (Goods and Passenger) Costing Only.

UNIT 3

Marginal Costing and CVP Analysis - Introduction, Application of Marginal Costing in Terms of Cost Control, Cost – Volume Profit Analysis, Break Even Charts and Profit Charts, Level of Activity Planning- Break-Even-Analysis: Application of BEP for Various Business Problems.

UNIT 4

Budget and Budgetary Control- Concepts, Types of Budgets, Budgetary Control, Types of Budgets, Advantage and Limitations of Budgets, Simple Problems based on Flexible and Cash Budget, Basic Concept of Zero-Base Budgeting.