Principles And Practices Of Auditing

Cost accounting is a dynamic, ever-growing discipline. Being an intemal support system to a business enterprise, it has tried to keep up with the changing times. Lately, information technology has impacted everything including cost accounting. There are several books on cost accounting in the market, but hardly a dependable one, which optimally serves the needs of beginners. This book is written primarily for students of B. Com., M. Com., MBA, CA (Inter), ICWA (Inter) and CS (Inter).

This book is divided into 10 chapters. Chapter 1 focuses on introduction to Cost Accounting. Chapter 2 deals with Elements of Cost. Chapter 3 deals with the concept of Cost Sheet, Tenders and Operatations. Chapter 4 provides complete picture on Material Cost. Chapter 5 explains the Reconcilation of Profit as Per Cost and Financial Accounts. Chapter 6 is about the material accounting. Chapter 7 focuses on Inventory Control. Chapter 8 presents the concept of Labour Cost, Remuneration and Incentives. Chapter 9 analyses the Other Aspects of Labour. Chapter 10 discusses the concept of Overheads and Accounting of Overheds.

1. Introduction to Cost Accounting

2. Elements of Cost and Classification of Cost

3. Preparation of Cost Sheet

4. Reconciliation of Profit as Per Cost and Financial
Accounts

5. Material Control

6. Material Accounting

7. Inventory Control

8. Labour Cost, Remuneration and Incentives

9. Other Aspects of Labour

10. Overheads