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Advance Cost Accounting [Syllabus]

Advance Cost Accounting [Syllabus]

B.Com Accountancy Honors:

  • Unit 1: Job, Batch and Contract Costing: Job costing, Procedure of Job Cost accounting, Application of Job costing. Meaning of Batch Costing, Application of batch costing, Determination of Economic Batch Costing. Meaning of Contract Costing, Recording of Contract Costs, Meaning of the terms used in contract costing, Profits/ Loss on incomplete contracts, Calculation of work in progress , Entries in the balance Sheet. 


  • Unit 2: Process Costing: Meaning of Process Costing, Treatment of Normal process Loss, Abnormal process loss and Abnormal gain. Equivalent Production. 

  • Unit 3: Marginal Costing: Concept of Marginal Costing, Distinction between Absorption Costing and Marginal costing, Contribution, Break even analysis, margin of safety, Profit Volume graph. Practical Application of Marginal Costing

  • Unit 4: Standard Costing: Concept, Advantages and Disadvantages of Standard Costing, Material and labour variances.

  •  Unit 5: Budget and Budgetary Control: Meaning of Budget and budgeting, Types of Budget; Fixed Budget and Flexible budgets, Preparation of functional budget, Flexible budget and Cash Budget. 

  • Unit 6: Activity Based Costing: Problems of traditional costing; Meaning of Activity Based Costing; Stages in Activity Based Costing; Cost analysis under Activity Based Costing. 

For 2018-19 as per KNU

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