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    The document discusses key concepts in cost accounting for a BSNL E4-E5 exam. It defines important terms like cost, cost center, cost unit, and cost accounting. It outlines objectives of cost accounting like maintaining records, allocating service costs, determining product costs, and providing information for management decisions. It also lists important cost accounting rules around assets, costs, revenues, activities, and reconciliation. Key required forms are discussed like an asset register, operation cost statement, and service cost statements. Financial accounting and management accounting are also briefly covered.

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    The document discusses key concepts in cost accounting for a BSNL E4-E5 exam. It defines important terms like cost, cost center, cost unit, and cost accounting. It outlines objectives of cost accounting like maintaining records, allocating service costs, determining product costs, and providing information for management decisions. It also lists important cost accounting rules around assets, costs, revenues, activities, and reconciliation. Key required forms are discussed like an asset register, operation cost statement, and service cost statements. Financial accounting and management accounting are also briefly covered.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    3 views4 pages

    Cost Management

    Uploaded by

    SDE NIB
    The document discusses key concepts in cost accounting for a BSNL E4-E5 exam. It defines important terms like cost, cost center, cost unit, and cost accounting. It outlines objectives of cost accounting like maintaining records, allocating service costs, determining product costs, and providing information for management decisions. It also lists important cost accounting rules around assets, costs, revenues, activities, and reconciliation. Key required forms are discussed like an asset register, operation cost statement, and service cost statements. Financial accounting and management accounting are also briefly covered.

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    BSNL E4-E5 exam

    Cost Management
    MODEL question and answers
    1.Accounting

    -Fince accounting

    -cost accounting

    -Management accounting

    2. Definitions in Cost Accounting

    - COST

    -COST CENTRE

    -COST UNIT

    -COST ACCOUNTING

    -COST AUDIT

    -COST ALLOCATION

    3. COST CONCEPTS

    - COST APPORTIONMENT

    - COST MANAGEMENT

    4. OBJECTIVES

    -To maintain Cost Accounting Records -Rules,2002.

    -To compile Cost Centre wise cost information.

    -To allocate service Cost Centre to Operation Cost Centers

    -To determine the cost of different service-products.


    -To identify profitable/non-profitable operation

    -To generate data to facilitate fixing tariff.

    -To provide essential cost information

    -To provide base for cost reduction programme.

    -To reports Regulatory Authority or other bodies.

    -To claim of subsidy/grants from Government

    5. COST CENTRE

    -operational cost centres

    -service cost centres

    6. COST ACCOUNTING RULES

    - Assets-(service-Product wise)

    - Costs –(Cost centre/service-Product-wise)

    - Revenue – Service product wise

    - Activity- Operation and Service product wise

    - Statistical / Technical records

    - Captive Consumption

    - Reconciliation of Cost & Financial Accounts

    - Adjustment of Cost Variances

    - Records on Related Party transactions

    7. Required Proforma

    ‘A’-ASSETS REGISTER

    ‘B’-OPERATION COST STATEMENT


    ‘C’-Part I –StatisticalInformation

    ‘C’-Part II –Service Costs Statements

    8. Financial Accounting

    -Reporting to external parties

    9. Cost Accounting provides information for management accounting

    & Financial accounting

    10. Management Accounting

    -measures and reports financial & non financial information

    11. COST

    -amount of resources used for the purpose of production of goods or rendering services

    12. Cost center is the smallest segment of activity or area

    13. A single unit of any product or service is known as COST UNIT

    14.COST ALLOCATION

    -process of charging the full amount of cost


    IMPORTANT:This only sample prepared by me

    ……. You can also make like this and mail me

    ………If you Find any mistakes,corrections,additions etc pl mail me

    ‘’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’
    By::....R.Swaminathan/SDE Marketing-udaan/BSNL/Thanjavur..
    phone:04362-272400-Cell::9486103250 Email-----nathanbsnl@gmail.com

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