A textbook of cost and management accounting /
M. N. Arora
- 10th revised edition
- New Delhi : Vikas publishing house PVT Ltd., c2018
- xii, 227 p. : ill. ; 10 cm.
SECTION 1:COST ACCOUNTING
CHAPTER1 OVERVIEW OF COST ACCOUNTING Accounting as an information system;meaning of costing and cost accounting;objectives and functions of cost accounting;cost accounting and financial accounting-A Comparison;meaning of cost;cost center;cost unit;methods of costing;techniques of costing;cost ascertainment and cost estimation;classifications of cost;special costs for management decision making;elements of cost;installation of a costing system;advantages of cost accounting.
CHAPTER 2 MATERIAL COST Meaning of material;material control (inventory control);techniques of inventory control;ABC Technique (selective control);stock levels;inventory turnover;slow,non-moving and obsolete materials;purchase of materials;purchase procedure;purchase price;store-keeping;classification and codification of materials.
CHAPTER 3 EMPLOYEE COST(Labour cost) Meaning;personnel department;labour turnover;engineering department;work study;job analysis;time-keeping department;payroll department;idle time;overtime;treatment of special items;cost accounting department;labour remuneration;methods of remuneration(systems of wage payment)grouo bonus plans
CHAPTER 4 OVERHEAD COST Meaning overhead cost;classification of overhead costs;segregation of semi-variable costs;standing order numbers(codification of overheads);overhead distribution;collection of overheads;allocation and appointment of overheads (primary distribution);Re-appointment of service department costs
CHAPTER 5 OUTPUT OR UNIT COSTING (cost sheet) costing procedure;problems and solutions;
CHAPTER 6 JOB AND BATCH COSTING JOB COSTING;BATCH COSTING
CHAPTER 7 CONTRACT COSTING Special points in contract costing
CHAPTER 8 PROCESS COSTING Process losses and wastage's; work in-progress(equivalent production);internal process profits
CHAPTER 9 JOINT PRODUCTS AND BY-PRODUCTS Joint products;by-products
CHAPTER 10 OPERATING COSTING (service costing) Transport costing;boiler house and power house costing;canteen costing
CHAPTER 11 NON-INTEGRATED AND INTEGRATED ACCOUNTS Non-integrated accounts;integrated accounts;accounting entries
CHAPTER 12 RECONCILIATION OF COST AND FINANCIAL ACCOUNTS Methods of reconciliation
SECTION II: MANAGEMENT ACCOUNTING
CHAPTER 13 MANAGEMENT ACCOUNTING-NATURE AND SCOPE Characteristics or nature of management accounting
CHAPTER 14 FINANCIAL STATEMENT ANALYSIS Meaning of financial statements;principal tools of analysis;comparative financial statements;common-size financial statements;trend percentages;ratio analysis;liquidity ratios(short-term solvency);capital structure ratios or gearing ratios(long-term solvency)
CHAPTER 15 FUNDS FLOW STATEMENT Statement of changes in working capital
CHAPTER 16 CASH FLOW STATEMENT Introduction;accounting standard-(AS-);Cash flow statement;classification of cash flows;preparation of a cash flow statement;objectives and uses of cash flow statement
CHAPTER 17 MARGINAL (VARIABLES) COSTING AND COST-VOLUME-PROFIT ANALYSIS Cost-volume-profit analysis;break-even analysis;contribution and marginal cost equation;profit-volume ratio (P/V Ratio);methods of break-even analysis;margin of safety (M/S);cost indifference point;limiting or key factor
CHAPTER 18 BUDGETING AND BUDGETARY CONTROL Essentials of effective budgeting;preliminaries in the installation of budget system;classification of budgets; functional budgets;master budget;fixed and flexible budgets;revision budgets;budget reports;zero base budgeting (ZBB);performance budgeting
CHAPTER 18 STANDARD COSTING VARIANCE ANALYSIS Standard costing;standard costing vs budgetary control
CHAPTER 20 TACTICAL DECISION MAKING Introduction;decision making and marginal costing;differential cost analysis
CHAPTER 21 RESPONSIBILITY ACCOUNTING AND TRANSFER PRICING Responsibility centre;measurement of divisional performance;transfer pricing