The book is divided into six parts. Part I is based on Introductory Aspects of the subject. Part II explains the detailed account of Elements of Costing, Part III deals with Cost Account System.
Part IV is on Method of Costing. Part V covers Cost Control System and the last part describes the Miscellaneous topics. The language of the book is simple and lucid. At the end of each chapter, several questions of different varieties are given to test the understanding ability of students. Sufficient number of solved problems have also been given with the answers.
In this edition, a few new topics have been added. Notable among these are: Activity Record Costing
Methods of Pricing Materials Issue
Co-products and Treatment of Joint Cost of Joint Products
In all chapters, many new solved examples and numerical problems have been included.
With all these additions, the book has become much more useful for students and cost accountants.
About the Author(s):
M.E. Thukaram Rao is Head, Department of Commerce, Sri Sathya Sai University, Brindavan campus, Bangalore. He is teaching the subject for the last three decades to the undergraduate and postgraduate students. He is also the member of Board of Students of Sri Sathya Sai University and an examiner of few other universities and professional institutes.
Nature and Scope of Cost Accounting
Cost Analysis and Classification
Materials Cost-Purchase Control
Accounting of Material Losses
Tools, Patterns, Designs, Blue-Prints and Packing Materials
Labour Cost Control
Labour Cost Accounting
Office, Administration, Selling and Distribution Overhead
on-Integral or Cost Ledger Accounting
Reconciliation of Cost and Financial Accounts
Single or Output or Unit Costing
Job and Batch Costing
Joint Products and By-Product
Operating or Service Costing
Reporting to Management
Mechanised Cost Accounting
Activity Based Costing.