Meaning – Cost Vs Financial Accounting - Cost Vs Management Accounting – Expectation of Management- Installation of costing system – Classification of cost – Costing Techniques and Methods - Elements of Cost Preparation of Cost Sheet and Tender.
Cost sheet – Job costing – Contract Costing - Unit/Output Costing – Service (Operating) Costing
Process Costing-Features of Process costing-Process Losses, Waste, Scrap. Normal Process Loss, Abnormal Process Losses, Abnormal Gain, Inter Process Profit (Excluding Equivalent Production)
Financial management –Introduction-scope-finance and other related disciplines-Financial Functions. Financial Goals: Profit Maximization Vs Wealth Maximization – Concept of time value of money - Short term and Long term. Capitalization - Over and Under Capitalization.
Cost Of Capital – Meaning And Importance – Cost Of Debt, Preference, Equity and Retained Earnings – Weighted Average Cost Of Capital – Capital Structure: Determinants of Capital Structure, Capital Structure Theories
Reference Book:
Reference Books: 1. Cost Accounting, R.S.N. Pillai and V. Bagavathi , S. Chand and Company Ltd., New Delhi.Edn.2014 2. Cost Accounting Principles and Practice, S.P.Iyyangar, Sultan Chand, New Delhi. 2014 3. Financial Management, I.M.Pandey, Vikas Publication House (p) Ltd, 8th Edition 2015, 4. Financial Management Khan & Jain-. Tata McGraw Hills, 3rd Edition 2014,.
Text Book:
Text Books: 1. Cost Accounting, S.P. Jain and KL. Narang,Kalyani Publishers, New Delhi.Edn.2015 (UNIT I, II, III) 2. Financial Management, Dr.S.N.Maheshwari, Sultan Chand and Sons Publishers, New Delhi, 14th edition 2014.(UNIT IV, V)