BS361: Cost Accounting

Learning Objectives
• Understand Cost Concepts, Objectives, Scope,
• Understand and explain Material, Labor, Factory Overhead Costing and Control,
• Accounting for Joint- and By-Products
• Prepare Job-order Cost Sheet and Cost of Production Report
Learning Outcomes
• understand cost concepts, cost behaviors, cost flow and classification
• understand and Evaluate material, labor, factory overhead costing and control
• to analyze and calculate product cost under different costing systems
• Understand concept of standard costing and application
Contents
Unit 1: Concepts, And Scope of Cost Accounting
Unit 2: Material Costing and Control
Unit 3: Labor Costing and Control
Unit 4: Factory Overhead Costing and Control
Unit 5: Types of Costing Systems
Recommended Readings
Cost Accounting by F. Usry, H. Hammer & Adolph Matz
Cost and Management Accounting Latest Edition by Collin Drury
Cost Accounting for CA Intermediate Stage student-Latest Edition by PBP (Professional business
Publications)