COST AND MANAGEMENT ACCOUNTING
By: RAO, THUKARAM ME
Material type:
TextPublisher: NEW AGE INTERNATIONAL Subject(s): NATURE AND SCOPE OF COST ACCOUNTING Introduction Need for Cost Accounting Growth and Development of Cost Accounting Definition and Scope of Cost Accounting Scope of Cost Accounting Nature of Cost Accounting Relationship between Financial Accounting and Cost Accounting Differences between Cost and Management Accounting Relationship between Cost, Estimate and Price Purposes of Objects of Cost Accounts Functions of Cost Accountant installation of Cost Accounts Requisites or Essentials of Cost Accounting System Organisation of Cost Accounting Department Advantages of Cost Accounting Limitations of Cost Accounting Criticisms or Objections Levelled against Cost Accounts COST ANALYSIS AND CLASSIFICATION Definition of Cost Role of Cost in Cost Accounting Cost Unit and Cost Centre Costing Techniques Costing Systems Costing Methods Cost Classification Cost Conventions Components of Total Cost Cost Sheet ELEMENTS OF COST MATERIALS COST PURCHASE CONTROL Introduction Types of Materials Direct and Indirect Materials Definition of Importance of Purchasing Organisation of Purchase Department Qualifications of Purchase Manager Duties and Responsibilities of Purchase Manager Purchase Procedure Ascertaining Purchase Cost or Valuation of Materials Receivec Treatment of Materials Receiving and Handling Charges 4. MATERIALS COST—STOREKEEPING Objectives of Storekeeping Importance of Storekeeping Essentials of Good Storekeeping Location of Layout of Stores Department Organisation of Stores Department Duties and Responsibilities of Storekeeper Storekeeping Records .Materials Handling Inventory Control or Material Control or Stores Control Essentials of Material Control Techniques of Material Control 5. MATERIALS COST—ISSUE CONTROL Introduction Objects of Materials Issue Control Principles Regarding Materials Issue Methods of Pricing Materials Issue Comparison of Different Methods of Pricing Factors Influencing Pricing of Material Issues Accounting of Materials Supplied by Customers ACCOUNTING OF MATERIAL LOSSES Introduction Classification of Material Losses Accounting Treatment of Waste Accounting of Scrap Accounting of Spoilages Accounting of Defectives Control of Waste, Scrap, Spoilage and Defectives TOOLS, PATTERNS, DESIGNS, BLUE-PRINTS AND PACKING MATERIALS Tools Patterns Designs Drawings and Blueprints Packing Materials LABOUR COST CONTROL Introduction Direct and Indirect Layout Labour Control Time Keeping and Time Booking Motion Study, Time Study and Work Study Job Evaluation Merit Rating Labour Productivity Labour Turnover Casual and Out Workers LABOUR COST ACCOUNTING Introduction Characteristics of a Sound Wage System Methods of Wage Payment Preparation of Payroll Treatment of Certain Items in Cost Accounts DIRECT EXPENSES Introduction Features of Direct Expenses Direct Expenses vs. Direct Materials Direct Expenses vs. Indirect Expenses Accounting of Direct Expenses in Cost Accounts Control of Direct Expenses FACTORY OVERHEADS Introduction Steps in Overhead Accounting Under-Absorption and Over-Absorption of Factory Overheads Capacity Cost OFFICE, ADMINISTRATION, SELLING AND DISTRIBUTION OVERHEADS Definition and Features of Office and Administration Overheads Classification and Collection of Administration Overheads Accounting of Administration Overheads in Cost Accounts Control of Administration Overheads Definition and Classification of Selling and Distribution Overheads Accounting of Selling and Distribution Overheads Control of Selling and Distribution Overheads Treatment of Certain Items in Cost Accounts METHODS OF COSTING SINGLE OR OUTPUT OR UNIT COSTING Introduction Features and Objects of Output Costing Cost Collection Treatment of Work-in-Progress and Scrap Cost Presentation—Preparation of Cost Sheet Preparation of Comparative Cost Sheet Preparation of Tender Statement Production Account JOB AND BATCH COSTING Introduction Definition and Features of Job Costing Procedure of Job Costing Accounting System Under Job Costing Treatment of Spoilages. Defectives Under Job Costing Reports in Job Costing Batch Costing CONTRACT COSTING Features of Contract Costing Similarities and Dissimilarities between Job and Contract Costing Procedure of Contract Costing PROCESS COSTING Introduction Definition and Features of Process Costing Application of Process Costing Differences between Job and Process Costing Recording of Elements of Costs in Process Costing Advantages and Disadvantages of Process Costing Costing Procedure Involved in Process Costing Treatment of Normal Loss Rejects and Rectification Abnormal Loss and Abnormal Gain Account Inter-Process Profit Equivalent Production JOINT PRODUCTS AND BY-PRODUCTS Definition and Feature of Joint Products Objects of Treating Joint Costs Co-products Treatment of Joint Cost of Joint Products Definition and Features of By-products Differences between Joint Products and By-products Treatment of By-products OPERATING OR SERVICE COSTING Definition. Characteristics and Applications of Operating Costing Components of Total Cost in Operating Costing Transport Costing Power'llouse Costing or Boiler I louse Costing Canteen or Hotel Costing Hospital Costing Cinema Costing, SYSTEMS OF MAINTAINING COST ACCOUNTS NON-INTEGRAL OR COST LEDGER ACCOUNTING SYSTEM Introduction Interlocking System Ledgers Maintained under Interlocking System Accounts Maintained under Cost Books Entries to Record Transactions under Interlocking System RECONCILIATION OF COST AND FINANCIAL ACCOUNTS Introduction Need for and Objectives of Reconciliation Reasons for Differences in Profit Procedure of Reconciliation Advantages of Reconciliation Presentation of Reconciliation Statement INTEGRAL ACCOUNTING Introduction Definition and Features of Integrated Accounting Journal Entries under Integral Accounting Third Entry Method Cost Record Rule COST CONTROL TECHNIQUES MARGINAL COSTING Absorption Costing Marginal Costing Similarities and Dissimilarities between Absorption and Marginal Costing Cost Behaviour and its Impact over Marginal Costing Arguments in Favour of Marginal Costing Marginal Cost Equation Marginal Costing and Valuation of Finished Stock Utility. Advantages and Limitations of Marginal Costing Precautions to he Taken While Adopting Marginal Costing Applications of Marginal Costing COST-VOLUME-PROFIT ANALYSIS Introduction Objectives of Cost-Volume-Profit Analysis UNIFORM COSTING Introduction Definition and Features and Applications of Uniform Costing Advantages and Disadvantages of Uniform Costing Procedure Involved under Uniform Costing Uniform Costing Manual Inter-firm Comparison COST REDUCTION Introduction Advantages Cost Control and Cost Reduction Areas Covered by Cost Reduction Cost Reduction Committee ACTIVITY BASED COSTING Introduction Implementation of ABC Systems MANAGEMENT ACCOUNTING NATURE AND SCOPE OF MANAGEMENT ACCOUNTING Introduction Need for Management Accounting Definition and Characteristic Features of Management Accounting Nature of Management Accounting Objectives of Management Accounting Scope of Management Accounting Functions of Management Accounting Relationship between Management Accounting and Financial Accounting Relationship between Cost Accounting and Management Accounting Advantages of Management Accounting Limitations of Management Accounting Management Accountant—Functions, Role, Duties and Qualities Position and Role of Management Accountant Duties of Management Accountant Qualities of Management Accountant Installation of Management Accounting Tools and Techniques of Management Accounting Organisation of Management Accounting Management Accounting and Finance Functions Conventions/Concepts/Principles of Management AccountingDDC classification: 657.42
| Item type | Home library | Shelving location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Text book
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MIIMLIBRARY | RACK NO-27 | 657.42 (Browse shelf) | Available | 1971 |
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