COST ACCOUNTING B.COM SEMSTER -3 PAPER – 2

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About Course

Cost Accounting (As per University Syllabus & CAS Standards)

🔹 COURSE DESCRIPTION 

This course provides a comprehensive and systematic study of Cost Accounting as prescribed in the university syllabus. It covers fundamental concepts, cost classification, material cost, employee cost, overheads, and modern costing techniques such as Activity Based Costing (ABC). The course also explains relevant Cost Accounting Standards (CAS-1, CAS-3, CAS-6, CAS-7) with practical illustrations.

The subject is designed to build conceptual clarity along with problem-solving skills required for B.Com, BBA, and other commerce examinations. Special emphasis is given to inventory control, wage systems, overhead absorption, and cost determination methods used in real business organizations.

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What Will You Learn?

  • Students will learn the meaning, nature, scope, and objectives of Cost Accounting.
  • They will understand material control, purchase procedures, valuation of materials as per CAS-6, and inventory control techniques like EOQ, ABC analysis, and inventory ratios.
  • The course explains accounting for employee cost including timekeeping, wage systems, incentives, idle time, overtime, and labour turnover as per CAS-7.
  • Learners will gain in-depth knowledge of overhead accounting, allocation, apportionment, absorption, and under or over absorption of overheads.
  • Finally, students will understand unit costing and Activity Based Costing, including its stages, cost determination, and comparison with traditional costing.
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Course Content

SYLLABUS

  • SYLLABUS

SYLLABUS MIND MAP

ONE WEEK SERIES

LAST YEAR PAPER

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