MCQ ON COST ACCOUNTING

COST -VOLUME- PROFIT- ANALYSIS PART 1 IN HINDI

PREPARATION OF COST SHEET PART 1/NET MANAGEMENT IV/COST ACCOUNTING

MAKE OR BUY DECISIONS (UPDATED) COST ACCOUNTING IN HINDI

PRODUCTIVITY IN HINDI

ACTIVITY BASED COSTING PART 2 IN HINDI

ACTIVITY BASED COSTING FIRST PART IN HINDI

INTEGRATED ACCOUNTING IN HINDI PART 1

ZERO BASE BUDGETING IN HINDI

INCENTIVE PLANS AND FRINGE BENEFITS PART 2 IN HINDI

INCENTIVES PLANS AND FRINGE BENEFITS 1 IN HINDI

MARGINAL COSTING

·         MARGINAL COSTING
MEANING
FEATURES
ASSUMPTIONS
ADVANTAGES
LIMITATIONS

   BY SHASHI AGGARWAL

   LIMITATION OF ABSORPTION OF COSTING

1.       ABSORPTION COSTING IS ALSO KNOWN AS FULL COSTING

2.       PRACTICE OF CHARGING ALL COSTS BOTH VARIABLES AND FIXED COSTS

3.       COST PER UNIT REMAINS THE SAME ONLY WHEN THE LEVEL OF OUTPUT REMAINS THE SAME

4.       DEPENDENT ON LEVEL OF OUTPUT SO DIFFERENT UNIT COSTS ARE OBTAINED FOR DIFFERENT LEVEL OF OUTPUT

5.       IT IS NOT VERY USEFUL FOR TAKING MANAGERIAL DECISIONS.

BUDGETARY CONTROL

RESPONSIBILTY ACCOUNTING

MEANING , TOOLS AND TECHNIQUES OF MANAGEMENT ACCOUNTING

NATURE AND SCOPE OF COST ACCOUNTING

  NATURE AND SCOPE OF COST ACCOUNTING
COST ACCOUNTING

  DR. SHASHI AGGARWAL( MBA,ACS,MA IN ECONOMICS)

  NEED OF COST ACCOUNTING

1.       COST ACCOUNTING HAS BEEN BASICALLY DEVELOPED TO MEET THE NEEDS OF MGMT. MODERN MGMT NEEDS MUCH MORE DETAILED INFORMATION BESIDES PROFIT AND LOSS ACCOUNT AND BALANCE SHEET.

2.       COST ACCOUNTING PROVIDES DETAILED INFORMATION ABOUT EVERY ELEMENTS OF COST TO THE MANAGEMENT. THE INFORMATION SUPPLIED BY THE COST ACCOUNTING ACTS AS A MGMT TOOL FOR DECISION MAKING FOR THE ORGANIZATION,OPTIMUM UTILIZATION OF SCARCE RESOURCES,CONTRIBUTING PROFITABILITY OF BUSINESS BY CONTROLLING EXPENDITURE UNDER VARIOUS HEADS.

COST CLASSIFICATION PART 1 COST ACCOUNTING

CLASSIFICATION OF COST PART 1 COST ACCOUNTING

• CLASSIFICATION OF COST PART 1
• COST ACCOUNTING
• ACCOUNTING FOR MANAGEMENT
• MEANING

1. COST IS THAT WHICH IS GIVEN OR SACRIFICED TO OBTAIN SOME THING
2. VALUE IS MEASURED IN USEFULNESS BUT COST IS MEASURED IN MONEY
3. EXPENSES  ARE COSTS WHICH HAVE BEEN INCURRED TO GENERATE REVENUE
4. LOSS DENOTES SACRIFICE FOR WHICH THERE IS NO CORRESPONDING RETURN

INVENTORY MANAGEMENT TECHNIQUES 2 UPDATED

INVENTORY MANAGEMENT TECHNIQUES 1