MI4303 Cost Accounting Syllabus:
MI4303 Cost Accounting Syllabus – Anna University PG Syllabus Regulation 2021
COURSE OBJECTIVE:
To provide the students, knowledge of the nuances involved in costing techniques followed in the corporate world.
UNIT I INTRODUCTION
Nature, Scope and Importance of Cost Accounting – Relationship between Cost, Financial and Management Accounting – Installation of Cost Accounting System – Cost and Profit Centers – Classification of Costs – Cost Sheets, Tenders and Quotations.
UNIT II MATERIAL COST
Material Cost – Material Control – Purchase Control – Inventory Control, meaning and Techniques – Different methods of Pricing Material Issues.
UNIT III LABOUR COST
Labour Cost – Computation and treatment of Labour cost – Methods of Remuneration – Time and Piece Rate System – Labour Turnover and its measurement.
UNIT IV OVER HEADS
Overheads – Classification, Allocation, Apportionment – Primary and Secondary – Methods of Absorption of Overhead – Under and Over Absorption – Machine Hour Rate.
UNIT V PROCESS COSTING
Process Costing – Normal and Abnormal Loss (Equivalent Production and Inter Process Profit excluded) – Job Costing – Contract Costing.
TOTAL: 45 PERIODS
COURSE OUTCOME:
Students are expected to possess good knowledge of the basic nuances involved in Cost Accounting.
TEXT BOOKS:
1. Cost Accounting, S.P.Jain and K.L.Narang, Kalyani Publications, 2014.
2. Cost Accounting, M.Y.Khan, P.K.Jain, JBA Publishers, 2015.
3. Cost and Management Accounting, Drury C., Cengage Learning India, 2013.
REFERENCES:
1. Cost Accounting, David Russel, G.J.Wilkinson-Riddle, Ashok Patel, Pearson India, 2013.
2. Cost Accounting,T.S.Reddy. Y.Hari Prasad Reddy, Margham Publications, 2015.
3. Cost Accounting, M.C.Shukla, T.S.Grewal, M.P.Gupta,S.Chand,2014.