Revised Syllabus of Cost Accounting Paper – III

Revised Syllabus of Cost Accounting Paper – III

 

3.5.2 Cost Accounting Paper – III

Modules at a Glance

 

Sr. No. Modules No. of Lectures
1 Uniform Costing and Inter-Firm  Comparison 10
2 Integrated System and Non Integrated System of Accounts 15
3 Operating Costing 10
4 Process Costing- Equivalent Units of Production and Inter-process Profit (FIFO Method) 15
5 Introduction to Emerging concepts in costing 10
Total 60

 

Sr. No Modules/ Units
1 Uniform Costing and Inter-Firm Comparison
  Uniform CostingMeaning of and need for uniform costing

Essentials for success of uniform costing

Advantages and limitations of uniform costing

Areas of Uniformity, Uniform cost manual

Simple practical problems

 

Inter-Firm Comparison

Pre requisites of inter firm comparison

Advantages and limitations

Simple practical problems

2 Integrated System and Non Integrated System of Accounts
  Integrated SystemMeaning

Advantages and disadvantages

Distinctive features

Journal Entries.

Simple practical problems

 

Non-Integrated System

Meaning

Advantages and disadvantages

Distinctive features

Cost control accounts to be prepared

Journal entries

Simple practical problems

3 Operating Costing
  Meaning of operating costingDetermination of per unit cost

Pricing of services

Collection of costing data

Simple practical problems based on costing of hospital, hotel,  goods and passenger transport  services

4 Process Costing- Equivalent Units of Production and Inter-process Profit (FIFO Method)
  Work in Progress and Equivalent Production (FIFO Method)Inter Process Profit

Simple practical problems

5 Introduction to Emerging concepts in costing
  Target CostingActivity Based Costing  (ABC)

Product Life costing

Excluding Practical Problems

cost

By BAF team

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