Cost Accounting: Principles And Practice

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Table Of Contents Part I : Fundamental principles Nature and scope of cost accounting Cost analysis, concepts, classifications and cost sheet Part II: Cost elements Material Control Techniques of material control Material losses and miscellaneous items in materials Labour cost computation and control Remuneration and incentives Overhead classification, apportionment and absorption Accounting and control of overheads Miscellaneous items in overheads Part III: Accounting methods Cost hedger accounting Reconciliation of cost and financial accounts Integral (Or integrated) accounting Part IV: Methods of costing Job, batch and contract costing One operation (Unit or output) costing Service (Or Operating) costing Process costing Joint products and by-products costing Uniform costing and inter-firm comparison Part V: Techniques of cost analysis and control Nature and scope of management accounting A absorption costing and marginal costing Cost-volume-profit analysis Cost analysis for decision makingBudgetary control Standard costing and variance analysis Responsibility accounting Performance evaluation Cost control and cost reduction Cost audit and cost accounting records Information system and reporting to management Computer accounting system Productivity and value analysis Part VI: Emerging concepts in cost management Introduction to cost management Activity based costing (ABC) Target costing Life cycle costing Value chain analysis Enterprise resource planning (ERP) Material requirement planning (MRP)