Download or read book Taxmann s Cost Accounting Balanced exposition of theoretical concepts and practical applications to provide a solid foundation in cost accounting principles B Com Hons written by Dr. Sneh Lata Gupta and published by Taxmann Publications Private Limited. This book was released on 2024-02-07 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive guide to Cost Accounting is designed to introduce readers to the fundamental principles and practical applications of cost accounting, catering specifically to the syllabus requirements of B.Com. (Hons) under the National Education Policy (NEP) at the University of Delhi. The book aims to foster cost awareness among manufacturing enterprises to optimize profits through precise cost ascertainment and efficiency in cost control within a competitive landscape. This book is a valuable resource for commerce and accounting students, including the following: • B.Com. (Hons.) under the New Education Policy (NEP) for the University of Delhi • B.Com. (Hons.) | Paper DSC 4.2 under NEP for the University of Delhi • Non-Collegiate Women's Education Board (NCWEB) • School of Open Learning (SOL) • Various Universities Throughout India This book aims to provide a solid foundation in cost accounting principles while bridging theoretical knowledge with practical problem-solving skills. The Present Publication is the Latest 2024 Edition, authored by Dr Sneh Lata Gupta, with the following noteworthy features: • [Comprehensive Topics Covered as Per NEP] The book discusses a wide range of topics, which include: o Basic Cost Accounting Concepts § Limitations of Financial Accounting § Objectives § Differences Between Cost and Financial Accounting o Advanced Topics § Activity-Based Costing § Single or Output Costing § Job Costing, etc. • [Clear Explanations and Practical Examples] This book aims to ease the complexities of cost accounting in a systematic and coherent manner • [Latest Developments in Various Cost Accounting Standards (CAS)] is included in this book regarding the treatment of cost items and their presentation in the statement of cost • [Practical Approach] With an emphasis on real-world applications, the book includes discussions on material control, inventory systems, labour cost accounting, overhead classification and absorption, and specifics of service costing, among others • [Specialized Topics] including the reconciliation of cost and financial accounts and the nuances of integral and non-integral accounting systems, offering the readers a nuanced analysis of the intricacies of cost accounting frameworks • [Learning Objectives] at the beginning of each chapter to give a broad framework about the topic given in this book • [Charts & Graphs] along with diagrammatic presentations of certain concepts is included in this book to make it more understandable • [Illustrations and Solved Problems] at the end of each chapter is included in this book The detailed contents of the book are as follows: • [Introduction to Cost Accounting] This chapter begins with an overview of basic concepts and terms, contrasting financial accounting with cost accounting to highlight the latter's significance and development due to the limitations of financial accounting. It outlines the objectives, advantages, and drawbacks of cost accounting, differentiating it from financial accounting and discussing methods, techniques, and the design of cost accounting systems • [Material Cost] This chapter discusses materials control, stages of material control, inventory systems, and techniques for effective inventory control. It covers methods for pricing the issue of materials to production and addresses material losses, offering strategies for managing and controlling material costs • [Employee Cost] This chapter examines the accounting and control of labour costs, detailing the roles of different departments such as personnel, engineering, time-keeping, payroll, and cost accounting. It also covers the treatment of special labour items and various methods of wage payment • [Overheads] This chapter focuses on classifying, segregating, distributing, and absorbing overhead costs. It explains the computation of machine hour rates and the distribution of factory, office, and selling and distribution overheads, along with dealing with under or over-absorption of overheads and capacity levels • [Activity-Based Costing (ABC)] This chapter introduces the features, key terms, and steps of ABC. It discusses the benefits and weaknesses of this costing method, which aims to provide more accurate cost information by assigning costs to activities based on their use of resources • [Single or Output Costing] This chapter covers the procedures and types of cost sheets, objectives, treatment of stocks and scrap, and the production account, providing insights into the costing techniques for single or mass production scenarios • [Job Costing] This chapter details the features and procedures of job costing, including simultaneous recording in cost or integrated ledgers, catering to the costing needs of jobs or batches that require unique cost-tracking • [Contract Costing] This chapter explores the specifics of contract costing, distinguishing it from job costing and outlining the procedure and specific concepts used, suitable for long-term projects with distinct stages • [Process Costing] This chapter discusses the comparative aspects of job and process costing, procedures, handling of work-in-progress (WIP), and the preparation of process accounts, addressing manufacturing processes with continuous production • [Operating Costing (Service Costing)] This chapter examines the characteristics, determination of cost units, and transport costing within the context of service industries or organizations where services, rather than goods, are produced • [Non-Integral and Integral Accounting Systems] This chapter presents features of both non-integrated (interlocking) and integrated accounting systems, including cost control accounts, reconciliation of cost and financial accounts, and the requirements for introducing an integrated system • [Reconciliation of Cost and Financial Accounts] This chapter introduces the necessity of reconciling cost and financial accounts, attributing the differences to factors such as stock valuation, overheads, and accounting periods. It proceeds to explain the methods of reconciliation, presenting a structured approach for aligning the figures reported in cost accounting with those in financial accounting • [Integral Accounting System] This chapter transitions into the concept of an integral accounting system. This segment starts with an overview of what constitutes an integrated system and its pivotal role in streamlining accounting processes. It highlights the features of such a system, including the seamless integration of cost and financial accounting functions, which eliminates the need for separate books and reconciliation processes. The 'third entry method' is discussed to facilitate this integration, emphasizing its utility in maintaining comprehensive and consistent financial records. The discussion further elaborates on the advantages of adopting an integrated accounting system, such as improved efficiency, reduced errors, and enhanced decision-making capabilities by providing timely and accurate financial information. It concludes by outlining the basic requirements or prerequisites for introducing an integral accounting system within an organization, offering guidance on the foundational steps necessary to transition towards a more cohesive and efficient accounting framework

Download or read book Management and Cost Accounting written by Andreas Taschner and published by John Wiley & Sons. This book was released on 2016-09-19 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management and cost accounting has been the basic toolbox in business administration for decades. Today it is an integral part of all curricula in business education and no student can afford not to be familiar with its basic concepts and instruments. At the same time, business in general, and management accounting in particular, is becoming more and more international. English clearly has evolved as the "lingua franca" of international business. Academics, students as well as practitioners exchange their views and ideas, discuss concepts and communicate with each other in English. This is certainly also true for cost accounting and management accounting. Management Accounting is becoming increasingly international. "Management and Cost Accounting" is a new English language textbook covering concepts and instruments of cost and management accounting at an introductory level (Bachelor, but also suited for MBA courses due to strong focus on practical applications and cases). This textbook covers all topics that are relevant in management accounting in business organizations and that are typically covered in German and Central European Bachelor classes on cost accounting and management accounting. After an introduction to the topic, including major differences between the German approach and the purely Anglo-Saxon approach of management accounting, the book describes different cost terms and concepts applied in German cost accounting, The book is much more specific here compared to US-American standard textbooks. Based on different cost concepts, the topic of cost behavior is discussed, including the determination of cost functions. The heart of the book guides the reader through the general structure of a fully developed cost accounting system following the German and Central European standard: It starts with cost type accounting, moves on to cost center accounting and finally deals with cost unit accounting, assigning cost to goods and services offered in the market. The remaining parts of the book deal with decision making and how management and cost accounting data can support managers in this task. A comparison of absorption costing and variable costing introduces the reader to management decisions such as product portfolio and outsourcing decisions. Additionally, cost-volume-profit analysis (break-even-analysis) is covered. The book closes with a comprehensive treatment of cost planning and variance analysis.

Download or read book Taxmann s Strategic Cost Management Quintessential textbook covering traditional and modern techniques for cost management across 38 chapters blending theoretical and practical learning written by Ravi M Kishore and published by Taxmann Publications Private Limited. This book was released on 2024-01-19 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive and authentic textbook for those seeking a thorough understanding of strategic cost management in the modern business environment. It emphasises the importance of cost consciousness in the competitive business world, highlighting its role in the survival and sustainability of business concerns. Structured into 38 well-organised chapters, the textbook discusses traditional and modern cost management techniques, ensuring a broad and updated coverage of the subject matter. Special attention is given to Operations Research, simplifying complex topics like Simulation Modeling, Learning Curve Theory, Assignment Problems, Transportation Problems, Linear Programming, and Network Analysis for easier student comprehension. This book is tailored for students and professionals in higher-level business management courses. It is particularly beneficial for those preparing for M.Com., MBA, MFM, CA, CMA, and CS courses. The Present Publication is the 5th Edition, authored by Ravi M. Kishore, with the following noteworthy features: • [Simple & Lucid Language] The content is presented to simplify complex concepts, making it accessible to students and professionals alike • [Illustrations & Diagrams] The concepts within are elucidated through a multitude of illustrations and diagrams, making complex and advanced subjects more accessible • A significant focus is given to Operations Research, presented in an easy-to-understand manner • [Theory Questions] are included at the end of each chapter to aid in self-testing and reinforce learning • [Practical Problems] Each chapter is fortified with numerous solved practical problems for self-study, enhancing the hands-on learning experience The detailed contents of the book are as follows: • Overview of Strategic Cost Management • Cost Concepts for Decision-Making • Incremental, Relevant and Opportunity Cost Concepts • Activity-Based Cost System • Target Costing • Backflush Accounting and Resource Consumption Accounting • Throughput Accounting • Breakeven and Volume – Cost-Profit Analysis • Application of Marginal Costing Technique • Cost Control Through Standard Costing • Cost Management with Setting Budgets • Product Pricing – Methods and Strategies • Responsibility Accounting and Divisional Profitability • Interdivisional Transfer Pricing • Management of Marketing and Distribution Cost • Productivity Management • Capacity Management • Employee Training, Relocation and Cost of Strike • Pareto Analysis and Theory of Constraints • Just In Time and Lean Manufacturing • Quality Management – Systems and Techniques • Project Life Cycle Costing • Product Life Cycle Costing • Balanced Score Card • Business Process Outsourcing • Benchmarking • Value Chain Analysis • Supply Chain Management • MRP, MRP II and ERP • Management Information Systems • Uniform Costing and Interfirm Comparisons • Cost Audit and Management Audit • Simulation Modelling • Learning Curve Theory • Network Analysis (PERT and CPM) • Assignment Problem • Transportation Problem • Linear Programming • Mathematical Tables

Download or read book Cost Accounting Principles and Practice Instructor s Manual written by Alan Upchurch and published by Addison-Wesley. This book was released on 2002-02-01 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost accounting theory and practice written by Jerome Lee Nicholson and published by Рипол Классик. This book was released on 1913 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost accounting, theory and practice.

Download or read book Cost Allocation written by International Institute for Applied Systems Analysis and published by North Holland. This book was released on 1985 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Management Cost Accounting written by Colin Drury and published by Taxmann Publications Pvt Ltd. This book was released on 1989 with total page 1312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proceedings of the International Cost Conference written by National Association of Accountants and published by . This book was released on 1948 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Principles of Cost Accounting written by Edward J. Vanderbeck and published by Cengage Learning. This book was released on 2008 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover how readable, real, and relevant cost accounting can be with PRINCIPLES OF COST ACCOUNTING, 14E. This edition packs the essentials you need to know for your future in a unique 10-chapter format that's well organized, practical, and concise. You gain a thorough understanding of cost concepts, cost behavior, and cost accounting techniques as they apply to manufacturing and service businesses.To ensure your understanding, the book introduces concepts in small, manageable sections that are immediately reinforced with proven questions, demonstration problems, practice exercises, and self-study quizzes. You master the fundamentals of job order costing and process costing before progressing to more advanced topics, such as budgeting, standard costing and variance analysis, costing for service businesses, and cost analysis for management decisions.Focus on the skills that will take you far in today's competitive job market as you learn how to accurately determine the costs of products and services and how to set effective selling prices. Learn the techniques to accurately measure the performance of managers within an organization and use accounting to motivate managers toward an organization's goals. Find the relevant approach you need with the real cost accounting skills that will take you far in business today with PRINCIPLES OF COST ACCOUNTING, 14E.

Download or read book Year Book and Proceedings of the International Cost Conference written by and published by . This book was released on 1930 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Principles of Cost Accounting written by Robert E. Schmiedicke and published by Thomson South-Western. This book was released on 1983 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost Accounting Theory and Practice written by Jerome Lee Nicholson and published by Hardpress Publishing. This book was released on 2012-08 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

Download or read book Cost Accounting Principles and Practice written by John Joseph William Neuner and published by McGraw-Hill/Irwin. This book was released on 1973 with total page 872 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost Accounting Theory practice written by Horace R. Brock and published by McGraw-Hill Companies. This book was released on 1965 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost Accounting written by Paul M. Fischer and published by . This book was released on 1985 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Principles of Cost Accounting written by Schmiedicke and published by . This book was released on 1991-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost Accounting written by Gerald R. Crowningshield and published by Houghton Mifflin. This book was released on 1979-01-01 with total page 819 pages. Available in PDF, EPUB and Kindle. Book excerpt: