All Graduates must acquire knowledge about the costing concepts and their practices. It helps in better planning and controlling the cost with the motto of Increasing profit. The main objective of this book& introduction is to acquaint students with the fundamentals of “Methods and Techniques of Cost Accounting”, and their applicability, and how to use them effectively and efficiently across a wide range of disciplines.
The Tumkur University, 4th Semester, B.Com., syllabus of SEP includes the book “Methods and Techniques of Cost Accounting”. Specialists in cost accounting are becoming more prevalent. In the first level of student learning, the costing procedures, budget, and profitability for numerous different products, services, and activities are discussed. The issues should be researched by the students, and they should choose a career that offers them many chances both domestically and abroad. The aim of this book is to give a reflection on corporate resource use and related cause-and-effect insights into an organization & past, present, and future economic activities. Students can achieve their objectives with the help of costing techniques. The following are the goals of this book to Identify and use the proper theories, ideas, and concepts related to cost accounting, and when choosing and presenting data using different cost accounting-related approaches, use appropriate judgment.
Contents –
UNIT – 1 Job, Batch and Contract Costing
UNIT – 2 Process Costing
UNIT – 3 Service Costing
UNIT – 4 Marginal Costing and Cost Volume Profit Analysis
UNIT – 5 Budgetary Control and Standard Costing
