activities You will learn the core cost and management accounting concepts and methods OBJECTIVES AND SKILLS The key learning objectives of the course focus on the following topics: 1 Understanding cost accounting systems in their organizational settings 2 How cost accounting can help you to make decisions in organizations 3 Fundamental
13 Drury Colin : Management and Cost Accounting; International Thomson Business Press, London 14 K S Thakur : Cost Accounting – Theory & Practice; Excel Books, A-45, Naraina, Phase-I, New Delhi-110028 15 B M Lall Nigam and I C Jain Cost Accounting Principles and Practice - PHI Learning Private Limited
1 1 Cost Accounting : Compared with financial accounting, cost accounting is relatively a recent development In fact, cost accounting started as a branch of financial accounting, but now it may well be regarded as a profession in its own right The vital importance that cost accounting has acquired in the modem
A business organization is free to choose the accounting year, i e a calendar year can be adopted as accounting year or ? nancial year starting from 1st April to 31st March can be an accounting year The assessment year for income tax purpose is always from 1st April to 31st March and hence many organizations adopt this period as accounting
Title: B COM -III Paper XII -COST ACCOUNTING Author: Administrator Created Date: 4/4/2012 1:00:02 PM
During these 400 years, the purpose of Cost Accounting needs are served as a small branch Profit is the resultant of two varying factors, viz , sales and cost
STUDY MATERIAL FOR B B A COST ACCOUNTING SEMESTER - IV, ACADEMIC YEAR 2020-21 Page 4 of 98 2 These accounts have to be prepared
2 Briefly state the differences between Cost Accounting and Financial Accounting 3 From the Estimated scrap value after the expiry of life (15 years) 35,000
The second element of the cost of manufacturing a product is labour The role of workers employed in the factory at the end of the accounting year Interest on
2 (a) Explain the treatment of the following items isi cost accounts: (1) Bons payable to employees material consumed and waves paid during the year Etuiti