B.K.Dhar
Assistant Professor
IIBA-USTC
babludhar@hotmail.com
http://dhar.weebly.com
SYLLABUS OF COST ACCOUNTING
Prerequisite
Financial Accounting 1 and Financial Accounting 2
Objectives
This course explores essential cost accounting principles
and procedures. A major goal to set for yourself in the
course is to understand and be able to apply common
accounting techniques used in business for planning,
analyzing revenue and cost information, and making
decisions regarding operations and important assets.
Topics will include manufacturing and responsibility
accounting, budgeting, job cost and process cost
accounting, development and use of standard costs, and
cost-volume-profit analysis.
1. An introduction to cost terms and purposes
Costs and Cost Terminology; Cost-Behavior Patterns
2. Cost-volume-profit analysis
Cost-Volume-Profit Assumptions and Terminology
3. Job costing
Building-Block Concepts of Costing Systems; Job
Costing in Manufacturing
4.
Activity-based costing
Using ABC Systems for improving cost management
and profitability
5. Inventory costing
Inventory cost for manufacturing companies
6. Determining how costs behave
General issues in Estimating Cost Functions
7. Decision making and relevant information
9. Balanced scorecard, and strategic
profitability analysis
Implementation of Strategy and Balance Score
10. Allocation of support department costs
Allocating cost of a support department to operating
divisions
11. Cost allocation: joint products and
byproducts
Joint cost basics; Approaches to allocating joint costs
12. Process costing
Illustrating process costing; Hybrid costing system
13. Spoilage, rework, and scrap
Different types of spoilage
14. Inventory management, just-in-time,
simplified costing methods
Inventory management in retail organization; EOQ; JIT
Chapter Distribution:
First Term
: Chapter 1 to 4
Mid Term
: Chapter 5 to 8
Final Term
: Chapter 1 to 14
Books:
Text:

References:

Cost Accounting 4e
Barfield raiborn kinney

Major Influences on Pricing Decisions
Cost Accounting 12e
Horngren Datar Foster
Information and the decision process
8. Pricing Decisions and Cost Management
and
Fundamentals of cost accounting
Maher lanen rajan