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 |
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