Block-I: cost accountancy, Activity Based costing and cost Reduction.
Accountancy: Objectives, Introduction ,Definition of cost,
costing and cost Accounting ;nature of cost Accounting,objective of cost accounting,
Importance of cost Accounting, Evolution of cost Accounting system
and cost concepts.
Activity Based costing: Objectives
,Weaknesses of conventional
costing, meaning of Activity based costing, Stages and Flow of costs in
Activity Based costing, cost Analysis
under Activity Based costing ,Differences between Activity Based
costing and conventional costing,
Scope of Activity Based costing ,benefits and Limitations of Activity Based costing, Installation of Activity Based costing .
cost Reduction: Objectives,
Meaning of cost Reduction, cost control
and cost Reduction ,objectives of
cost Reduction ,principles of cost
Reduction and control, scope and areas of cost control and cost Reduction,
Distinction between cost control and cost Reduction Techniques to control and Reduce costs, Advantages of
cost Reduction, Dangers of cost
Reduction Efforts, cost Reduction-its organization.
Block-2: operating costing,
process costing and reconciliation of cost and Financial Accounts.
Unit –I: Operating
costing: Objectives, concept of
transport costing –objectives,
composition of costs ,Ascertainment of costs, Illustration 1 to
process costing: Objectives
,process costing, Introduction,
Applicability of process costing, Essential
characteristics of process
costing ,Distinction between job costing
and process costing, General principles of process costing ; Illustration-I. Normal process
Loss: Illustration-2,Abnormal process Loss: Illustration-3,Abnormal
Gain/Effectiveness : Illustration-4,Inter
–process profit: Illustratin-5. By –product
and its accounting treatment:
illustration-6,joint products and their
Reconciliation of cost and financial
Accounts: Objectives, Introduction, objectives of Reconciliation, Need for Reconciliation,
Reasons for disagreement between
cost Accounts and financial Accounts, Differing Treatment of items, Effects of various items on
profit, procedure of Reconciliation, Illus tration-1 to 5.
and Interpretation of Accounts; Study of financial statements ;
Techniques of financial statement analysis.
Unit-I: Analysis and
Interpretation of Account: Objectives, meaning of
financial statement analysis,
objectives of financial statement analysis,
Interpretation of financial
interested in financial
Analysis and Interpretation of
Accounts: Objectives, meaning of financial statement Analysis, Interpretation of financial
statement, parties interested in financial statements, Limitations of
financial statement Analysis, procedure for interpretation.
of financial statement ;Techniques of financial statement
Analysis: Objectives, Techniques of financial
–Horizontal Analysis, Vertical Analysis, trend Analysis ,Ratio- Analysis, comparative financial Statements ,and Common-size
Block-4: Analysis and
Interpretation of financial data ;Ratio
Analysis and Interpretation of financial Data: Objectives
,Meaning ,purpose and need for
Ratio Analysis ,Advantages of
ratio Analysis, Limitations of Ratio
Analysis: Objectives, Different
modes of expressing ratios,
Balance sheet Ratio ,Revenue Ratio, and Composite Ratios. Functional
or purpose classification of Ratio-Liquidity Ratio,
Leverage Ratio, profitability Ratio,
Block-5: Working capital : concept and management ; projection of
working capital requirements .
capital –concept and management, Objectives ,meaning of working
capital ,concept of working
capital ,Importance of working
capital, factors affecting
the amount of Working capital, classification of working capital, working capital cycle.
Unit-II: projection of working capital requirements ;in
case of Trading organization –in case of
Manufacturing organization . Objectives,
estimating Working capital requirements -manufacturing concerns ,illustrations.