Hi B.Com. Students, I am sharing B.Com. First Year subject - Cost Accounting notes, book for Hindi medium students. Cost Accounting is mostly taught as part of the B.Com. 1st Year course and these Hindi medium PDF lecture notes will help prepare well for your BCom semester exams.
The major topics covered in these Hindi Medium B.Com. First Year lecture notes and Book of Cost Accounting are:
The major topics covered in these Hindi Medium B.Com. First Year lecture notes and Book of Cost Accounting are:
- Cost Accountancy-Meaning, nature and scope, Financial Accounting Vs. Cost Accounting, Objectives, Importance, Limitations, Techniques.
- Analysis of Cost-Cost centre, elements of cost, components of total cost, classification of costs, Unit costing (including tender price) and operating cost.
- Material Control-purchasing, receiving, inspection and storage, pricing of material issues, stock audit, material issues.
- Control of labour costs personnel department, engineering and works study department, timekeeping department, pay master's department, cost accounting department, methods of wage payment.
- Overheads-classification, distributions of factory office, selling and distribution overheads (Including machine hour rate).
- Job and contract costing, Process costing, Reconciliation of Cost and Financial Accounts
- A brief overview of Cost Audit and Costing reporting.
- Marginal Costing and break-even analysis, segregation of semi-variable overheads, contribution, P/V Ratio, break even point and break even charts, advantages, limitation and application.
- Budgetary Control-Meaning, advantages, limitations, steps, types of budgets: sales and cash, flexible budget.
- Standard Costing and variance analysis-material, labour variance.
