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Advanced Cost Accounting

This document outlines the objectives and modules of an advanced cost accounting course. The course covers topics like process costing, marginal costing, budgetary control, standard costing, and cost accounting systems over 5 modules spanning 90 hours.

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pooja saini
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2K views2 pages

Advanced Cost Accounting

This document outlines the objectives and modules of an advanced cost accounting course. The course covers topics like process costing, marginal costing, budgetary control, standard costing, and cost accounting systems over 5 modules spanning 90 hours.

Uploaded by

pooja saini
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ADVANCED COST ACCOUNTING

Semester IV Credit -3
Code : AC04C16 Hrs – 90

Objectives
. To learn about the higher application of cost accounting techniques and
methods.
. To know the application of cost control techniques.

MODULE 1
Process costing-Normal loss-Abnormal loss-Abnormal gain-Interprocess profit-Equivalent
production-Valuation of work in progress- Joint product-Bye product-Advanced problems.

(20 Hrs)
MODULE 2
Marginal costing-Breakeven analysis-cost volume profit analysis application of marginal costing in
business decisions-application of differential costing in business decisions- Advantages and
limitations-Advanced problems of application.
(25
Hrs)
MODULE 3
Budgetary control-Budget and budgetary control-preliminary steps for the adoption of a system of
budgetary control-types of budget functional budget-cash budget-fixed and flexible budgeting-
zero base budgeting-performance budget-responsibility accounting-advantages and limitations of
budgetary control.
(15 Hrs)
MODULE 4
standard costing-standard cost-standard costing Vs budgetary control-variance analysis-material,
labour, overhead, sales variances advantages and limitations of standard costing.

(20 Hrs)
MODULE 5
cost accounting system-cost ledger accounting-integral account ingreconciliation of cost and
financial accounting.
(10 Hrs)

REFERENCE BOOKS
1. Advanced cost accounting, M.L.Agarwal, Sahitya bhavan, Agra.
2. Advanced cost accounting, SN.Maheswari & Mittal.
3. Cost and management accounting, MN.Arora, Himalaya Publishing House.
4. Advanced cost accounting, Gowda, Himalaya Publishing House.
5. Advanced cost accounting, Nigam & Sharmma.
6. Advanced cost accounting, NK.Prasad.
7. Cost and Management accounting, SN.Maheswari.
8. Advanced cost accounting, SP.Iyengar.
9. Advanced cost accounting, Saxena & Vasisht.
10. Advanced Cost Accounting, S.P. Jain & K.L.Narang; Kalyani Publishers

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