T. Y. B.

com SEM V – Cost Accounting

Topics for Assignment - AY 2021-22

Topic Roll No
1. Cost Accounting – Definition, Importance and Need. Briefly discuss with
reference to recent Cost data of various companies. 1 to 5
2. Explain Classification of Cost with reference to related Cost Accounting
Standards. 6 to 10
3. Difference between time keeping and time booking and its importance
with respect to Labour Costing. Explain recent methods for both as per the
current market trends. 11 to 15
4. How incentive schemes, motivate labour resources to improve efficiency?
Explain with reference to various incentive schemes. 16 to 20
5. Explain ABC Analysis – Meaning, classifications, uses, advantages and
disadvantages. Kindly give examples of companies implementing it in the
industry. 21 to 25
6. Explain Prime Cost & Works Overheads. Analyse cost contribution of
both (individually) with respect to the total cost in a Cost sheet of any company
from the industry. 26 to 30
7. Explain the concept of Labour turnover. How a company having increased
rate of labour turnover can sustain its labour resources? 31 to 35
8. Explain the differences between profit of Cost Accounting & Financial
Accounting and understanding the purpose of reconciliation between both.
36 to 40
9. Explain the concept of Cost centres - Meaning, Types, Importance &
Application in the industry. 41 to 45
10. Difference between the Direct Costs & Indirect Costs. Explain it further
with reference to industry examples. 46 to 50
11. Explain the concept of Coding systems - Meaning, Advantages, Necessity,
and usage in the companies. 51 to 55
12. Explain Labour/Employee Cost with reference to related Cost Accounting
Standards. 56 to 60
13. Purchase Order (PO) - Definition, scope, uses, specimen, importance. Give
examples of company’s PO from the industry. 61 to 65
14. Explain Material Cost with reference to related Cost Accounting
Standards. 66 to 70
15. Explain all stock levels - Meaning, importance, scope, factors involved,
formula. Give examples of companies using it. 71 to 75
16. Stock Ledgers on FIFO and Weighted Average basis - Definition, scope,
usage, differences and examples. 76 to 80
17. Difference between Cost Accounting and Financial Accounting. Explain
with examples of recent Cost Sheets and Financial Statements of the
companies. 81 to 85
18. Explain Cost Controlling. Give and explain examples of companies who
recently controlled its significant costs. 86 to 90
19. Explain various methods of Costing. Give examples of any two methods
used by the companies in the industry. 91 to 95
20. Explain Cost sheet. Briefly analyse some of the recent Cost Sheets of
various companies. 96 to 100
21. Explain Direct Expenses with reference to related Cost Accounting
Standards. 101 to 105
22. Explain Manufacturing Cost with reference to related Cost Accounting
Standards. 106 to 110
23. Explain Overheads – Meaning, types, Allocation, Apportionment and
Absorption. Give some references from the related Cost Accounting Standards. 111 to 115
24. Material Control - Meaning, Objectives, Requisites, Scope, Advantages &
Disadvantages. Give examples of companies implementing various strategies
for it. 116 to 120
25. Explain Packing Material Cost with reference to related Cost Accounting
Standards. Analyse Packing Material Cost contribution with respect to the total
cost in a Cost sheet of any company from the industry. 121 to 125