Unit 1: Introduction
1.1 Concept of Cost,
1.2 Costing
1.3 Cost Accounting
1.4 Cost Accountancy
1.5 Limitations of Financial Accounting
1.6 Origin of Cost Accounting
1.7 Objectives of cost Accounting
1.8 Advantages of Cost Accounting
1.9 Limitations of Cost Accounting
1.10 Difference between Financial and Cost Accounting
1.11 Cost Unit
1.12 Cost Centre
Unit 2: Elements of cost
2.1 Material
2.2 Labour
2.3 Other Expenses
2.4 Types of Costs
2.5 Preparation of Cost Sheet
Unit 3: Methods of Costing
3.1. Job Costing
3.2 Advantages of Job Costing
3.3 Limitation of Job Costing
3.4 Contract Costing – Basic Concepts
3.5 Process Costing
3.6 Normal and Abnormal Loss/ Gains
3.7 Operating Costing
Unit 4. Budget and Budgetary Control
4.1 Definition of Budget
4.2 Meaning of Budgetary Control
4.3 Objectives of Budgetary Control
4.4 Advantages of Budgetary Control
4.5 Disadvantages of Budgetary Control
4.6 Types of Budget
Unit 5. Marginal Costing
5.1 Meaning of Marginal Costing
5.2 Various Concepts of Marginal Costing
5.3 Fixed Cost
5.4 Variable Cost
Written by Vinod Kumar, founder of Accounting Education. You can follow him on the social web or sign up for the email newsletter for your daily dose of how-to guides and video tutorials.
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