Your roadmap · आपका रोडमैप
- 1
Admission & first meetingप्रवेश और पहली मुलाकातEnquire at your nearest NDSS centre, meet the teacher, fix the batch time and get your study material.
- 2
Part 1 of the syllabusपाठ्यक्रम भाग 1Unit-wise coaching with notes and doubt classes.
Unit 1: Introduction and Cost SheetUnit 2: Material ControlUnit 3: Labour Cost
- 3
Part 2 of the syllabusपाठ्यक्रम भाग 2Unit-wise coaching with notes and doubt classes.
Unit 4: OverheadsUnit 5: Methods of Costing
- 4
Unit tests & assignmentsयूनिट टेस्टRegular tests in the university / board pattern.
- 5
Semester 4 exam (university / board)विश्वविद्यालय / बोर्ड परीक्षाPrevious papers and full revision before the exam.
- 6
Online tests & resultऑनलाइन टेस्ट और रिज़ल्टTake the tests online; your marks and result show in your student login and at the centre.
Syllabus · पाठ्यक्रम
1 subject · 5 chapters · 25 topics
01Unit 1: Introduction and Cost Sheet
5 topics+
- Meaning, objectives and advantages of cost accounting
- Cost accounting and financial accounting
- Cost unit and cost centre
- Elements and classification of cost
- Cost sheet: prime cost to cost of sales
02Unit 2: Material Control
5 topics+
- Purchase and stores procedure
- Economic order quantity
- Re-order, maximum and minimum levels
- ABC analysis
- Pricing of material issues: FIFO, LIFO, weighted average
03Unit 3: Labour Cost
5 topics+
- Time keeping and time booking
- Idle time and overtime
- Labour turnover
- Time rate and piece rate systems
- Incentive plans: Halsey and Rowan
04Unit 4: Overheads
5 topics+
- Classification of overheads
- Allocation and apportionment
- Primary and secondary distribution
- Absorption and machine hour rate
- Under and over absorption
05Unit 5: Methods of Costing
5 topics+
- Unit costing
- Job and batch costing
- Contract costing and notional profit
- Process costing: normal and abnormal loss
- Reconciliation of cost and financial accounts
About this course
You will be able to
- Classify costs, identify elements of cost and prepare a cost sheet
- Apply material control techniques: EOQ, stock levels, ABC analysis and pricing of issues
- Calculate labour cost under time rate, piece rate and incentive plans and measure labour turnover
- Allocate, apportion and absorb overheads, including machine hour rates
- Apply job, contract and process costing and treat normal and abnormal losses
Who it is for
- B.Com students (General and Accounting & Taxation streams) of Semester 4 under the UP State Universities NEP 2020 syllabus
- Students preparing for cost-based numericals in B.Com and CA / CMA foundation levels
What you need
- Financial Accounting basics
- A simple calculator
Online tests & result
Practice and unit tests online; marks and result show in your student login and at the centre.
Student login →
Questions
Is Cost Accounting mostly numericals?
Yes, about 70-80% of the paper is numerical. Each format (cost sheet, stock levels, process account) is practised many times.
Will it help in CA / CMA?
Yes. The same concepts form the base of costing papers in CA and CMA foundation and intermediate levels.
Which syllabus does the course follow?
It follows the UP State Universities NEP 2020 common minimum syllabus for B.Com. Where your own university's syllabus differs, the centre teaches as per your university syllabus and papers.
