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Utkal University, Odisha, General Semester 4, Cost and Management Accounting Syllabus

Cost and Management Accounting Lecture notes | Videos | Free pdf Download | Previous years solved question papers | MCQs | Question Banks| Syllabus

Unit - 1 Introduction

1.1 Meaning objectives and advantages of cost accounting

1.2 Cost accounting vs financial accounting

1.3 Cost concepts and classification

1.4 Elements of cost

1.5 Material and inventory control concept and techniques

1.6 Accounting and control of material purchase

1.7 Storage and issue of materials

1.8 Methods of pricing of materials issueFIFO LIFO and Average

Unit - 2 Labour and Overheads

2.1 Accounting and control of labour cost

2.2 Time keeping and time booking

2.3 Cause and treatment of ideal time overtime labour turnover and fringe benefits

2.4 Methods of wage payment

2.5 Incentive schemesHalsey Rowan Taylor’s differential price wage

2.6 Classification allocation apportionment and absorption of overhead

2.7 Under and overabsorption methods of overhead

Unit - 3 Methods of Costing

3.1 Unit Costing

3.2 Job Costing

Features of job costing

3.3 Contract Costing

3.4 Process Costing excluding process losses valuation of work in progress joint and byproducts

Unit - 4 Budgeting and Standard Costing

4.1 Budgeting and budgetary control merits and limitations Budget administration Functional Budgets Fixed and flexible budget Zero based budget

4.2 Standard Costing variance Analysis Material Labour Overhead.

Unit - 5 Marginal Costing

5.1 Absorption vs variable costing

5.2 Distinctive features and income determination of absorption and variable costing

5.3 Cost volume and profit analysis graphic and algebraic methods

5.4 Contribution margin of safety and angle of incidence