NDSS Academy

Advanced Cost Accounting (B.Com)

Activity based costing, target and life-cycle costing, cost audit and cost control techniques.

6 MonthsDuration 5Chapters25Topics
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Syllabus · पाठ्यक्रम

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01Unit 1: Activity Based Costing 5 topics
  1. Limitations of traditional overhead absorption
  2. Activities, cost pools and cost drivers
  3. Steps in ABC
  4. ABC vs traditional costing
  5. Activity based management
02Unit 2: Target, Life-Cycle and Kaizen Costing 5 topics
  1. Target costing and value engineering
  2. Life-cycle costing and product life cycle stages
  3. Kaizen costing
  4. Just-in-time and throughput accounting
  5. Back-flush costing
03Unit 3: Standard Costing and Variance Analysis 5 topics
  1. Standard cost and its setting
  2. Material price and usage variances
  3. Labour rate and efficiency variances
  4. Overhead variances
  5. Reporting variances to management
04Unit 4: Marginal Costing and Decision Making 5 topics
  1. Contribution and P/V ratio
  2. Break-even point and margin of safety
  3. Make or buy decisions
  4. Key factor and product mix
  5. Accept or reject special orders
05Unit 5: Cost Audit and Cost Control 5 topics
  1. Cost control vs cost reduction
  2. Budgetary control
  3. Cost audit under section 148 of the Companies Act, 2013
  4. Companies (Cost Records and Audit) Rules, 2014 and forms CRA-1 to CRA-4
  5. Uniform costing and inter-firm comparison

About

You will be able to

  • Allocate overheads to products using activity based costing
  • Compute target cost and explain life-cycle and kaizen costing
  • Calculate material and labour variances and interpret them
  • Use marginal costing for BEP, make or buy and product-mix decisions
  • Explain cost audit requirements under the Companies Act, 2013
  • Distinguish cost control and cost reduction techniques

Who it is for

  • B.Com (Accounting & Taxation) students of Semester 6 (UP state universities)
  • Students preparing for CMA / CA Intermediate costing

What you need

  • Enrolled in B.Com (Semester 5 / 6) of a UP state university
  • University syllabus and previous papers of your semester, if available
  • Basic cost accounting from earlier semesters (elements of cost, overheads)

Questions

Which syllabus does this 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 your university's units and papers.

How much of the paper is numerical?

Roughly half - ABC, variances and marginal costing problems; cost audit and modern techniques are theory.

Is ABC difficult?

Not when done step by step: identify activities, compute driver rates, then charge products. The trainer gives graded practice sets.

Download the syllabus (PDF)

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