Cost accounting

Cost Accounting is designed to provide essential skill sets to managers for planning and controlling their business financials. Covering a wide range of topics, this book is suitable for both undergraduate and postgraduate students of business study courses offered by universities across India. It a...

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Detalles Bibliográficos
Autor principal:	Alex, K. (-)
Formato:	Libro electrónico
Idioma:	Inglés
Publicado:	New Delhi, India : Dorling Kindersley (India) 2012.
Edición:	1st edition
Materias:	Accounting > India. Cost accounting > India.
Ver en Biblioteca Universitat Ramon Llull:	https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009627663606719

Tabla de Contenidos:

Cover
Brief Contents
Contents
Preface
About the Author
Chapter 1: Overview of Cost Accounting
1.1 Introduction
1.2 Evolution of CA
1.2.1 Cost
1.2.2 Costing
1.2.3 CA
1.3 Objectives of CA
1.4 Advantages of CA
1.5 Limitations of CA
1.6 Importance of CA to Business Concerns
1.7 Essentials of a Good CA System
1.8 CA Versus FA
1.8.1 A Short Summary of the Differences between CA and FA
Chapter Summary
Exercise for Your Practice
Discussion Questions
Chapter 2: Basic Concepts of Cost
2.1 Introduction
2.2 Cost Concepts and Terms
2.3 Elements of Cost
2.3.1 Direct Material
2.3.2 Direct Labour
2.3.3 Direct Expenses
2.3.4 Indirect Material
2.3.5 Indirect Labour
2.3.6 Indirect Expenses
2.4 Overheads
2.4.1 Factory/Works Overheads
2.4.2 Office and Administrative Overheads
2.4.3 Selling and Distribution Overheads
2.5 Classification of Costs
2.6 Types of Costing
2.7 Methods of Costing
2.7.1 Cost Unit
2.7.2 Cost Centre
2.7.3 Profit Centre
Chapter Summary
Exercise for Your Practice
Discussion Questions
Chapter 3: Cost Sheet/Statement of Cost
3.1 Introduction
3.2 Features of a Cost Sheet
3.3 Items not Included in Total Costs (Non-Cost Items)
3.4 Format of a Simple Cost Sheet
3.5 Advanced-Type Solved Problems
Chapter Summary
Exercise for Your Practice
Discussion Questions
Problems
Examination Problems
Chapter 4: Material Control/Inventory Control
4.1 Introduction
4.2 Objectives of Material Control
4.2.1 Essentials of a Good Material Control System
4.3 Requirements of Material Control
4.4 Duties of a Storekeeper
4.5 Levels of Stock
4.5.1 Minimum Stock Level
4.5.2 Maximum Stock Level
4.5.3 Reorder Level
4.5.4 Danger Level
4.5.5 Average Stock Level.
4.6 Economic Order Quantity
4.6.1 How Does EOQ Work?
4.6.2 How to Calculate EOQ?
4.7 ABC Analysis
4.8 Just-in-Time Analysis-the Origin
4.9 VED Analysis
4.10 Perpetual Inventory System
4.11 Periodic Inventory System
4.12 Stock/Material Turnover Ratio
4.13 Advanced-Type Solved Problems
Chapter Summary
Key Formulae
Exercise for Your Practice
Discussion Questions
Problems
Examination Problems
Chapter 5: Pricing of Materials
5.1 Introduction
5.2 FIFO (First in First Out)
5.3 LIFO (Last in First Out)
5.4 Simple Average Method
5.5 Weighted Average Method
5.6 Advanced-Type Solved Problems
Chapter Summary
Exercise for Your Practice
Discussion Questions
Problems
Examination Problems
Chapter 6: Labour
6.1 Introduction
6.2 Labour Cost
6.3 Important Factors For Controlling Labour Cost
6.4 Distinction between Direct and Indirect Labour Costs
6.5 Labour Turnover
6.5.1 Internal Versus External Turnover
6.5.2 Voluntary Versus Involuntary Turnover
6.5.3 Causes of Labour Turnover
6.5.4 Effects of Labour Turnover
6.5.5 Costs of Labour Turnover
6.5.6 Benefits of Labour Turnover
6.5.7 Measurement of Labour Turnover
6.6 Time and Motion Study
6.6.1 Time Study
6.6.2 Motion Study
6.6.3 Merits of Time and Motion Studies
6.7 Time Wage System
6.7.1 Merits of Time Wage System
6.7.2 Demerits of Time Wage Payment
6.8 Piece Wage System
6.8.1 Advantages of the Piece Wage System
6.8.2 Disadvantages of the Piece Wage System
6.9 Straight Piece-Rate System
6.10 Differential Piece-Rate System (or Taylor's Plan)
6.10.1 Advantages of the Differential Piece-Rate System
6.10.2 Disadvantages of the Differential Piece-Rate System
6.11 Merrick's Multiple Piece-Rate Plan
6.11.1 Advantages of Merrick's Multiple Piece-Rate Plan.
6.11.2 Disadvantages of Merrick's Multiple Piece-Rate Plan
6.12 Gantt's Task and Bonus Wage Plan
6.12.1 Advantages of Gantt's Plan
6.12.2 Disadvantages of Gantt's Plan
6.13 Halsey's Premium Plan
6.13.1 Advantages of Halsey's Premium Plan
6.13.2 Disadvantages of Halsey's Premium Plan
6.14 Rowan's Plan
6.14.1 Advantages of Rowan's Plan
6.14.2 Disadvantages of Rowan's Plan
6.15 Emerson's Efficiency Plan
6.15.1 Advantages of Emerson's Efficiency Plan
6.15.2 Disadvantages of Emerson's Efficiency Plan
6.16 Advanced-Type Solved Problems
Chapter Summary
Key Formulae
Exercise for Your Practice
Discussion Questions
Problems
Examination Problems
Chapter 7: Overheads Analysis
7.1 Introduction
7.2 Overhead Costs
7.2.1 Definition of Overhead Costs
7.3 Classification of Overheads
7.3.1 Functional Classification
7.3.2 Element-wise Classification
7.3.3 Behaviour-wise Classification
7.4 Allocation of Overheads
7.5 Apportionment of Overheads
7.6 Allocation Versus Apportionment
7.7 Bases for Apportionment
7.8 Primary Distribution of Overheads
7.9 Secondary Distribution of Overheads
7.10 Step Method
7.11 Reciprocal Method
7.11.1 Simultaneous Equations Method
7.11.2 Repeated Distribution Method
7.11.3 Trial-and-Error Method
7.12 Advanced-Type Solved Problems
Chapter Summary
Key Formulae
Exercise for Your Practice
Discussion Questions
Problems
Examination Problems
Chapter 8: Overhead Rates
8.1 Introduction
8.2 Absorption of Overheads
8.2.1 Under absorption of Overheads and Over absorption of Overheads
8.3 Machine Hour Rate
8.3.1 The Advantages of MHR
8.3.2 Ordinary MHR
8.3.3 Composite MHR
8.3.4 Disadvantages of MHR
8.3.5 Computation of MHR
8.4 Miscellaneous Illustrations
8.5 Advanced-Type Solved Problems.
Chapter Summary
Exercise for Your Practice
Discussion Questions
Problems
Examination Problems
Chapter 9: Reconciliation of Cost and Financial Accounts
9.1 Introduction
9.2 Reasons for Disagreement in Profit
Chapter Summary
Key Formulae
Exercise for Your Practice
Discussion Questions
Problems
Chapter 10: Contract Costing
10.1 Introduction
10.2 Meaning of Contract Costing
10.2.1 Accounting Procedure of Contract Costing
10.2.2 Treatment of Profit on Incomplete Contract
10.2.3 Contract Lasting for More Than One Year
Chapter Summary
Key Formulae
Exercise for Your Practice
Discussion Questions
Problems
Examination Problems
Chapter 11: Service Costing/Operating Costing
11.1 Introduction
11.1.1 When is Operation Costing Appropriate?
11.1.2 Cost Units Used in Service Costing
11.1.3 Transport Costing
11.1.4 Hospital Costing
11.1.5 Hotel Costing
11.1.6 Canteen Costing
11.2 Advanced-Type Solved Problems
Chapter Summary
Exercise for Your Practice
Discussion Questions
Problems
Chapter 12: Process Costing
12.1 Introduction
12.2 Advantages and Disadvantages of Process Costing
12.2.1 Advantages of Process Costing
12.2.2 Disadvantages of Process Costing
12.3 Industries where Process Costing is Applied
12.4 Characteristic Features of Process Costing
12.5 Accounting Procedure of Process Costing
12.6 Normal Loss
12.7 Abnormal Loss
12.8 Abnormal Gain
12.9 Treatment of Normal Process Loss, Abnormal Process Loss and Abnormal Gain
12.10 Job Costing Versus Process Costing
12.11 Interprocess Profits and their Accounting Procedure
12.11.1 Interprocess Profits
12.11.2 Accounting Procedure for Interprocess Profit
12.12 Equivalent Production
12.13 Joint Products and By-Products
12.13.1 Features of Joint Products.
12.13.2 By-products
12.13.3 Difference between By-products and Joint Products
12.14 Split-Off Point/Separation Point
12.15 Joint Costs
12.16 Separation Costs
12.17 Difficulties in Costing Posed By-products and Joint Products
Physical Units Method
Reverse Cost/Net Realizable Value Method
Chapter Summary
Exercise for Your Practice
Discussion Questions
Problems
Joint Products and By-products
Chapter 13: Marginal Costing
13.1 Introduction
13.2 Features of Marginal Costing
13.3 Limitations of Marginal Costing
13.4 Two Underlying Principles in Marginal Costing
13.5 Basic Terms Used in Marginal Costing
13.6 Important Formulae Used in Marginal Costing
Contribution
Break-Even Analysis
13.7 Applications of Marginal Costing
13.7.1 Profit Planning
13.7.2 Evaluation of Performance of a Concern
13.7.3 Fixation of Selling Prices
13.7.4 Selection of a Suitable Product Mix
13.7.5 Maintaining a Desired Level of Profits
13.7.6 Comparing Alternative Methods of Production
13.7.7 Deciding Among Alternative Courses of Action
Make or Buy Decision
Plant Merger Decision
Product Mix or Sales Mix
Elimination of a Product or Department
Fixation of Selling Price
Profit Planning
Introduction of a New Product
Alternative Method of Production
Advanced Sums with Answer
Chapter Summary
Key Formulae
Exercise for Your Practice
Additional Exercises
Discussion Questions
Chapter 14: Budgetary Control
14.1 Introduction
14.2 Meaning of Budget
14.3 Purposes of Budgeting
14.4 Salient Features of the Budgetary Control System
14.4.1 Advantages of the Budgetary Control System
14.4.2 Limitations of the Budgetary Control System
14.4.3 Budget Period
14.5 Different Types of Budgets
14.5.1 Fixed Budgets
14.5.2 Flexible Budget.
14.5.3 Need for Flexible Budgets.

Cost accounting

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