Overview of Cost Accounting Theory and Practice Book

This well-established and widely adopted textbook, now in its 13th edition, continues to provide an in-depth and insightful analysis of the modern theories and practices of Cost Accounting. That the book has gone into its 13th edition is a testimony of its wide acceptance by the students, academics and professionals. Primarily intended for postgraduate and undergraduate students of Commerce and Management, the book will be of immense benefit to the students pursuing professional courses offered by the Institute of Chartered Accountants of India (ICAI), Institute of Cost Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and those pursuing the Chartered Financial Analyst (CFA) course. Now, in its 13th edition, the book has been thoroughly revised meeting the latest syllabus requirement of various courses. A new chapter on "Strategic Cost Management" has been included which is a definite need of modern management to enhance the competitive advantage of the firm. Besides, many chapters have been overhauled and updated, especially the chapters covering basic concepts and terms, classification of costs and cost sheet, activity based costing, marginal costing, relevant cost analysis and management decisions, capital budgeting decisions and cost audit. The book also includes terminology published by CIMA, the cost standards recommended by ICAI and a wide array of illustrations, worked-out examples, MCQs and practice exercises.Table of Contents:PrefacePart I: Introduction, Basic Concepts and Cost ClassificationChapter 1: Basic Concepts and TermsChapter 2: Classification of Costs and Cost SheetPart II: Elements of Cost and OverheadsChapter 3: Material Cost ManagementSection I: Managing Purchase FunctionSection II: Storing of MaterialsSection III: Valuing Material IssuesSection IV: Operating Control SystemsChapter 4: Labor Cost ManagementSection I: Recruitment, Time-Keeping and Time-BookingSection II: Methods of RemunerationSection III: Preparation and Payment of Wages and AccountingSection IV: Labor TurnoverSection V: Labor Cost ControlChapter 5: OverheadsSection I: Definition and ClassificationSection II: Production OverheadsSection III: Administration and Selling and Distribution OverheadsSection IV: Miscellaneous Indirect ExpensesChapter 6: Activity Based Costing (Allocation of Overhead) Part III: Cost Book-KeepingChapter 7: Cost Control AccountsChapter 8: Reconciliation of Cost and Financial AccountsChapter 9: Integrated AccountsPart IV: Costing MethodsChapter 10: Job and Contract CostingSection I: Job CostingSection II: Contract CostingChapter 11: Process CostingSection I: Process Losses and Inter-Process ProfitsSection II: Equivalent ProductionSection III: Joint Products and By-ProductsChapter 12: Service CostingChapter 13: Uniform Costing and Inter-Firm ComparisonPart V: Cost Analysis for Decision MakingChapter 14: Marginal CostingSection I: Conceptual FrameworkSection II: Management DecisionsChapter 15: Relevant Cost Analysis and Management DecisionsPart VI: Costing Techniques for Planning and ControlChapter 16: Budgetary ControlSection I: Functional Budgets and Master BudgetSection II: Flexible BudgetsChapter 17: Standard CostingSection I: Cost and Sales VariancesSection II: Accounting MethodsChapter 18: Capital Expenditure DecisionsSection I: Basic Concepts, Tools and TechniquesSection II: Risk AnalysisPart VII: External OversightChapter 19: Cost AuditPart VIII: Emerging AreasChapter 20: Strategic Cost ManagementChapter 21: Contemporary TopicsSection I: Some Concepts and TechniquesSection II: Operations Research and Quantitative TechniquesSection III: Learning Curve Analysis and Decision-makingAppendix 1 - Official Terminology of the CIMA: Management AccountingAppendix 2 - Present Value Tables: 1 and 2BibliographyAnswers to MCQsAnswers to ExercisesIndex

• Book Type :

Business&Finance

• Book Binding :

Paperback

• Language :

English

• Number of Pages :

1044 pages

• ISBN - 10 :

8120349083

• Cost Accounting Theory and Practice Published On :

16 Jan 2014

• Resource:

Students and Professionals:Textbooks, Business&Finance

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