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Analyzing and managing costs is crucial for business success. Industrial, service, and non-profit companies will not be successful in the long-term if they do not understand their costs.This textbook introduces the basic concepts and current developments in cost accounting. The book features numerous anecdotal examples from a wide range of industries, case studies, Microsoft Excel examples, and exercises to ensure a sustainable learning success.
The book sets a new standard for cost accounting textbooks. It aims at equipping students with a solid grounding in the concepts of cost accounting. With rich pedagogy and an easy-to-understand approach, it meets the specific requirements of the undergraduate students of different Indian universities. This book can also be useful for the students of CA, CS, MBA and ICWA level of Indian universities.
Introduction Accounting For Material Cost Accounting For Labour Cost Accounting For Overheads Activity Based Costing Unit Costing Job, Batch And Contract Costing Process Costing I Process Costing Ii Work-In-Progress Joint Products And By-Products Operating Costing (Service Costing) Integral And Non-Integral Systems Reconciliation Of Cost And Financial Accounts Marginal Costing
This text focuses on the role "cost accounting" plays in cost management systems, covering topics such as job-order costing, process costing and standard costing systems and overhead allocation.
Cost accounting, theory and practice.
A UGC recommended textbook for various commerce undergraduate programmes like BCom, BBA, BBM and BBS. Also useful for CA, CS, ICMA, MCom and MBA. The revised edition of Cost Accounting: Principles and Practice gives students a thorough grounding in cost concepts, cost behaviour and costing methods. The subject matter has been presented in a student-friendly, systematic and intelligible manner. Every discussion involving conceptual difficulties is immediately followed by a numerical example. A large number of charts and diagrams bring to light finer points of the subject and make it easily comprehensible. The subject matter has been organized on ';first things first' basis to sustain the interest of the students. An authentic book on Cost Accounting, which is indispensable for students at the undergraduate level New in this Edition Reworked text for better understanding of the concepts Recent questions from BCom, BBA, MBA, CA and CS examinations Model test papers in Appendix
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1. Cost Accounting : Meaning, Nature, Scope and Importance, 2. Cost : Concepts, Elements and Classification, 3. Material's Control and Valuation, 4. Labour Cost Control, 5. Overhead/ Expeness : Classification, 6. Overhead : Collection, Allocation, Apportionment and Absorption [Including Machine Hour Rate], 7. Single or Unit or Output Costing, 8. Calculation of Quotation, Estimaste or Tender Price, Reconciliation of Cost and Financial Accounts, Process Costing, Contract Costing Operating Costing Cost Audit,
Each chapter follows a standard structure designed to facilitate use. It includes an introduction, chapter objectives, a key points summary, and questions for review and self assessment.