B.Com201 Cost Accounting GGSIPU B.Com 3rd Sem NEP 2024-25 Notes

Unit 1 [Book]
Concept and Nature of Cost Accounting	VIEW
Concept and Significance of Cost and Costing, Cost classification, Costing System, Cost unit, Cost Center	VIEW
Preparation of Cost Sheet for Manufacturing and Service sector	VIEW
Material Cost: Direct and Indirect Material, Valuation of Materials	VIEW
Level Setting	VIEW
Inventory Control:	VIEW
Just in Time (JIT)	VIEW
Kanban	VIEW
Kaizen	VIEW
Economic Order Quantity (EOQ)	VIEW

Unit 2 [Book]
Employee Cost and Overheads: Meaning and Classification of Employee cost, Time and piece rate plans, Profit Sharing, Employee Productivity and Cost	VIEW
Labor Cost control techniques, Remuneration and Incentive Schemes (Rowan & Halsey Plan only)	VIEW
Definition, Classification, Treatment of Production, Administration and Selling & Distribution Overheads	VIEW
Treatment of Over & Under-absorption of Overheads	VIEW
Treatment of Research and Development cost	VIEW

Unit 3 [Book]
Job Costing	VIEW
Batch Costing	VIEW
Process Costing	VIEW
Differences between Job Costing, Batch Costing, Process Costing	VIEW
Determination of Cost in Process Costing	VIEW
Normal and Abnormal Loss and Gain	VIEW
Interprocess Costing and Profit ascertainment	VIEW

Unit 4 [Book]
Methods of Cost Determination in Contract costing, Escalation clause and Cost-plus contract	VIEW
Meaning and Scope of Service costing, Factors in ascertaining Service Cost	VIEW
Concept, Significance and Salient features of ABC, Stages and flow of costs in ABC, Application of ABC in a Manufacturing organization and Service industry	VIEW