BA-307: Cost and Management Accounting (Pre BA-101) (3 credit hours) Section A 1.

Introduction: Meaning, scope, objective, and advantage of cost accounting; Financial accounting vs. cost accounting; Development of cost accounting; Concept of costing. 2. Cost Concept and the Cost Accounting Information System: The cost concept; Classification of Costs; Flow of Costs in a Manufacturing Enterprise; Reporting the Results of Operations; Journalizing the Flow of costing, Income Statement, Balance Sheet. 3. Job Order Costing; The Factory Ledger & General Ledger. 4. Process Costing: Cost of Production Report; Equivalent Production, Lost Unit Calculations, Timing of Lost Units, Normal vs. Abnormal Loss of Units. 5. Process Costing: Addition of Materials; Average and FIFO Costing. Section B 1. Cost Accounting System: Job order costing; Process costing. 2. Costing Techniques: Standard costing; Costing by-products and joint products; Methods of Allocating Joint Production Costs. 3. Factory Overhead Costing: Planned, Actual, And Applied; Variance Analysis, Over or Underapplied Factory Overhead, Responsibility Accounting. 4. Controlling and Costing of Materials: Methods of Materials Costing; Costing Procedures for Scrap, Spoiled Goods and Defective Work; Quantitative Models for Planning and Control of Materials, Determining the Time to Order, Safety Stock Calculation 5. Controlling and Accounting for Labor Costing: Productivity and Labor Costs; Incentive Wage Plans; Purpose of an Incentive Wage Plan, Types of Incentive Wage Plans, Time Standard Via Learning Curve. Recommended References: 1. Matz, A. and Usry, M. F.: Cost Accounting Planning and Control, South-Western Publishing Company, Ohio. 2. Horngren, C.T.: Cost Accounting A Managerial Emphasis, Prentice Hall of India Private Limited, New Delhi. 3. Deako, Edward B. and Maher, Michael W.: Cost Accounting, Irwin Homewood, Boston. 4. Williamson, Duncan: Cost and Management Accounting, Prentice-Hall of India Private Limite, New Delhi 5. Frank. P.R.S. and Fubozzi: Cost Accounting