Categories
College Bookssss >
BA PU Chandigarh
BSC PU Chandigarh
MSC PU Chandigarh
BBA PU Chandigarh
MA PU Chandigarh
Medical Books
Engineering Books
Management Books
PGDCA Books
BCOM PU Chandigarh
MCOM PU Chandigarh
BCA PU Chandigarh
MCA PU Chandigarh
animate-books

Thakur Cost Accounting B.Com 2th Semester PTU

by Madhurima
₹220 ₹220.00(-/ off)

Rating & Reviews

23 Customer Review

Thakur Cost Accounting for B.Com 2nd Semester PTU by Raman Kumar and Nitish Batra is the prescribed book for the BCOM 201-18 syllabus. This comprehensive guide covers all essential cost accounting topics, from basic concepts, cost sheet preparation, and material cost control to advanced areas like marginal costing, budgetary control, and contemporary developments in costing, including activity-based costing (ABC) and target costing. Perfectly aligned with the PTU curriculum, it features chapter-end exercises for practice, making it an indispensable resource for students to master the subject and excel in their semester examinations.

Have Doubts Regarding This Product ? Ask Your Question

  • Q1
    Is this book strictly based on the latest I.K.G. Punjab Technical University B.Com 2nd semester syllabus?
    A1

    Yes, this book is meticulously crafted to cover 100% of the BCOM 201-18 syllabus for Cost Accounting, including all units and topics as prescribed by PTU.

  • Q2
    Does the book cover contemporary costing methods like Activity-Based Costing and Target Costing?
    A2

    Absolutely. Unit IV is entirely dedicated to contemporary developments, including detailed chapters on Activity-Based Costing (ABC), Target Costing, Just-In-Time (JIT), Life Cycle Costing, and Kaizen Costing.

  • Q3
    I struggle with numerical problems in Cost Accounting. How does this book help with that?
    A3

    The book takes a practical, problem-solving approach. It provides step-by-step explanations in chapters like Cost Sheet, Marginal Costing, and Process Costing, and includes a "Formulas at a Glance" section in the Marginal Costing chapter for quick revision.

  • Q4
    Is the reconciliation of cost and financial accounts explained with examples?
    A4

    Yes, Chapter 6 provides a clear explanation of the need for reconciliation, reasons for profit differences, and includes practical problems on preparing reconciliation statements.

  • Q5
    What methods of wage payment and incentive plans are discussed in the Labor chapter?
    A5

    The book covers various methods of wage payment and incentive plans, which are crucial for understanding labor cost control, as per the PTU syllabus requirements.

  • Q6
    Is the concept of Zero-Based Budgeting (ZBB) included?
    A6

    Yes, Zero-Based Budgeting (ZBB) is covered alongside other budgetary control concepts like Cash Budget and Flexible Budget in the Budgetary Control chapter.

  • Q7
    Is this book useful for students other than those from PTU?
    A7

    While it is specifically designed for PTU B.Com students, the comprehensive coverage of fundamental and advanced cost accounting topics makes it a valuable resource for any university student pursuing a Bachelor of Commerce degree.

  • Q8
    How is the Marginal Costing and CVP Analysis chapter structured?
    A8

    Chapter 8 is dedicated to Marginal Costing and Cost-Volume-Profit Analysis, covering the basics, key concepts, and includes a dedicated "Formulas at a Glance" section to aid in problem-solving.

  • Q9
    Does the book cover both Process Costing and Contract Costing?
    A9

    Yes, both Process Costing and Contract Costing are explained in detail under the "Methods of Costing" chapter (Chapter 7) in Unit III.

  • Q10
    Is the language used in the book easy to understand for a second-semester student?
    A10

    Yes, the book is written in clear and lucid language, specifically designed to make complex cost accounting concepts accessible to students who are new to the subject.

0.00

0 Overall Rating
  • 5
    0
  • 4
    0
  • 3
    0
  • 2
    0
  • 1
    0

Try this product & share your review & thoughts

UNIT - I

Chapter 1: Introduction to Cost Accounting
1. Cost Accounting
2. Exercise

Chapter 2: Cost Sheet
1. Preparation of Cost Sheet
2. Exercise

UNIT - II

Chapter 3: Material
1. Material Cost Control
2. Issue of Materials
3. Exercise

Chapter 4: Labor
1. Labor Costing
2. Idle Time
3. Overtime
4. Labor Turnover
5. Methods of Wage Payment and Incentive Plans
6. Exercise

Chapter 5: Overheads
1. Overheads
2. Exercise

UNIT - III

Chapter 6: Reconciliation of Cost and Financial Accounts
1. Reconciliation of Cost and Financial Accounts
2. Exercise

Chapter 7: Methods of Costing
1. Method of Costing
2. Process Costing
3. Contract Costing
4. Exercise

Chapter 8: Marginal Costing and Cost-Volume-Profit Analysis
1. Marginal Costing
2. Cost-Volume-Profit (CVP) Analysis
3. Formulas at a Glance in Marginal Costing
4. Exercise

UNIT - IV

Chapter 9: Budgetary Control
1. Budgetary Control
2. Cash Budget
3. Flexible Budget
4. Zero-Based Budgeting (ZBB)
5. Exercise

Chapter 10: Contemporary Developments in Costing
1. Activity-Based Costing (ABC)
2. Just-In-Time (JIT)
3. Target Costing
4. Life Cycle Costing
5. Value Chain Analysis
6. Kaizen Costing
7. Total Quality Management (TQM)
8. Backflush Costing
9. Exercise
I.K.G. Punjab Technical University
Bachelor of Commerce (Hons.) Batch 2018 onwards

BCOM 201-18
Cost Accounting

Course Objective: The main aim of this paper is to familiarize the students with the basics of cost accounting and acquaint them with the application of cost accounting tools and techniques to aid managerial decision-making. It also aims at making them aware of various latest developments in this field.

UNIT I

Cost Accounting: Meaning, Objectives, Nature, and Scope, Comparison between Cost, Financial, and Management Accounting—Application of Cost Accounting—
Designing and Installation of Cost Accounting System – Cost Concepts: Cost Classification, Cost Unit – Cost Center – Elements of Cost – Preparation of Cost Sheet,
Tenders and Quotations

UNIT-II

Material: Purchase, Storage, and Material Control; Setting of Levels of Stock; Inventory Control Techniques. Methods of Pricing Material Issues. Labor: Meaning
and Components of Labor Cost. Accounting and Control of Idle Time and Overtime. Methods of Wage Payment and Incentive Plans, Labor Turnover, Overheads: Collection, Classification, Allocation, Apportionment, and Absorption of Overheads, Machine Hour Rate.

UNIT III:

Reconciliation of Cost and Financial Accounts: Need for reconciliation – Reasons for difference in profits – Problems on preparation of reconciliation statements,
Methods of Costing: Process Costing, Contract Costing, Marginal Costing, and Cost-Volume-Profit Analysis (Basics)

UNIT IV

Budgetary Control: Concept, Classification, Cash and Flexible Budgets, and Zero-Based Budgeting.
Contemporary Developments in Costing:. Activity-Based Costing, Just In Time (JIT), Target Costing, Life Cycle Costing, Value Analysis, Kaizen Costing, Total Quality Management, Backflush Costing.

Thakur Cost Accounting for B.Com 2nd Semester (PTU) by Raman Kumar & Nitish Batra - Your Definitive Guide to Mastering Cost Accounting

Master the core principles and contemporary practices of cost accounting with this meticulously crafted book, specifically designed for the Bachelor of Commerce (Hons.) students of Punjab Technical University (PTU) under the BCOM 201-18 syllabus. Authored by Raman Kumar and Nitish Batra and published by Thakur Publishers, this book is an indispensable resource for students aiming to build a strong foundation and achieve academic excellence.

Aligned Perfectly with the PTU B.Com 2nd Semester Syllabus

This book is structured to provide a chapter-by-chapter coverage of the official PTU syllabus for the Cost Accounting paper (BCOM 201-18). The content is systematically organized into four units, ensuring you study exactly what is required for your examinations. From basic cost accounting concepts to advanced contemporary developments in costing like activity-based costing (ABC) and target costing, this book leaves no topic untouched.

Comprehensive and Structured Content for In-Depth Learning

The book begins with a solid introduction to cost accounting, explaining its meaning, objectives, nature, and scope. It provides a clear comparison between cost, financial, and management accounting, helping you understand their distinct roles in business. You will learn about essential cost concepts, including cost classification, cost unit, and cost center, and gain practical skills in preparing a cost sheet for tenders and quotations.

Dive deep into the core elements of cost with dedicated sections on material cost control, covering inventory techniques and methods of pricing material issues. The Labor Costing chapter thoroughly addresses components of labor cost, accounting for idle time and overtime, and explores various methods of wage payment and incentive plans. The unit on overheads demystifies the process of collection, classification, allocation, apportionment, and absorption, including the calculation of machine hour rate.

Advanced Concepts and Managerial Applications for Decision-Making

Progress to more advanced topics that are crucial for modern accounting. Understand the need and methodology for reconciliation of cost and financial accounts. Explore various methods of costing, such as process costing and contract costing, with clarity. The chapter on Marginal Costing and Cost-Volume-Profit (CVP) Analysis is presented with exceptional detail, featuring dedicated formulas and practical problems to equip you with powerful tools for managerial decision-making.
The book places significant emphasis on planning and control through its extensive coverage of budgetary control, including the preparation of cash budgets, flexible budgets, and the modern approach of zero-based budgeting (ZBB).

Stay Ahead with Contemporary Developments in Costing

In today's dynamic business environment, knowledge of traditional costing is not enough. This book ensures you are industry-ready by dedicating an entire unit to Contemporary Developments in Costing. You will be introduced to globally relevant concepts including Activity-Based Costing (ABC), Just-In-Time (JIT), Target Costing, Life Cycle Costing, Value Chain Analysis, Kaizen Costing, Total Quality Management (TQM), and Backflush Costing.

Key Features for Exam Success and Conceptual Clarity

1. Strict PTU Syllabus Adherence: Every topic from the official syllabus is covered comprehensively.
2. Chapter-wise Exercises: Each chapter concludes with a dedicated exercise section containing a variety of problems and questions to test your understanding and prepare you for exams.
3. Clear and Lucid Language: Complex topics are explained in a simple, student-friendly manner.
4. Practical Problem-Solving Approach: The focus on practical exercises and "Formulas at a Glance" sections helps in applying theoretical knowledge to solve numerical problems.
5. Authored by Experts: Written by experienced academicians, ensuring pedagogical soundness and accuracy.

Thakur Cost Accounting is more than just a book; it is a complete learning package that bridges the gap between theory and practice. It is the perfect companion for B.Com 2nd Semester PTU students to not only pass their exams with flying colors but also to build a robust understanding of cost accounting principles essential for a successful career in commerce and finance.

UNIT - I

Chapter 1: Introduction to Cost Accounting
1. Cost Accounting
2. Exercise

Chapter 2: Cost Sheet
1. Preparation of Cost Sheet
2. Exercise

UNIT - II

Chapter 3: Material
1. Material Cost Control
2. Issue of Materials
3. Exercise

Chapter 4: Labor
1. Labor Costing
2. Idle Time
3. Overtime
4. Labor Turnover
5. Methods of Wage Payment and Incentive Plans
6. Exercise

Chapter 5: Overheads
1. Overheads
2. Exercise

UNIT - III

Chapter 6: Reconciliation of Cost and Financial Accounts
1. Reconciliation of Cost and Financial Accounts
2. Exercise

Chapter 7: Methods of Costing
1. Method of Costing
2. Process Costing
3. Contract Costing
4. Exercise

Chapter 8: Marginal Costing and Cost-Volume-Profit Analysis
1. Marginal Costing
2. Cost-Volume-Profit (CVP) Analysis
3. Formulas at a Glance in Marginal Costing
4. Exercise

UNIT - IV

Chapter 9: Budgetary Control
1. Budgetary Control
2. Cash Budget
3. Flexible Budget
4. Zero-Based Budgeting (ZBB)
5. Exercise

Chapter 10: Contemporary Developments in Costing
1. Activity-Based Costing (ABC)
2. Just-In-Time (JIT)
3. Target Costing
4. Life Cycle Costing
5. Value Chain Analysis
6. Kaizen Costing
7. Total Quality Management (TQM)
8. Backflush Costing
9. Exercise

Have Doubts Regarding This Product ? Ask Your Question

  • Q1
    Is this book strictly based on the latest I.K.G. Punjab Technical University B.Com 2nd semester syllabus?
    A1

    Yes, this book is meticulously crafted to cover 100% of the BCOM 201-18 syllabus for Cost Accounting, including all units and topics as prescribed by PTU.

  • Q2
    Does the book cover contemporary costing methods like Activity-Based Costing and Target Costing?
    A2

    Absolutely. Unit IV is entirely dedicated to contemporary developments, including detailed chapters on Activity-Based Costing (ABC), Target Costing, Just-In-Time (JIT), Life Cycle Costing, and Kaizen Costing.

  • Q3
    I struggle with numerical problems in Cost Accounting. How does this book help with that?
    A3

    The book takes a practical, problem-solving approach. It provides step-by-step explanations in chapters like Cost Sheet, Marginal Costing, and Process Costing, and includes a "Formulas at a Glance" section in the Marginal Costing chapter for quick revision.

  • Q4
    Is the reconciliation of cost and financial accounts explained with examples?
    A4

    Yes, Chapter 6 provides a clear explanation of the need for reconciliation, reasons for profit differences, and includes practical problems on preparing reconciliation statements.

  • Q5
    What methods of wage payment and incentive plans are discussed in the Labor chapter?
    A5

    The book covers various methods of wage payment and incentive plans, which are crucial for understanding labor cost control, as per the PTU syllabus requirements.

  • Q6
    Is the concept of Zero-Based Budgeting (ZBB) included?
    A6

    Yes, Zero-Based Budgeting (ZBB) is covered alongside other budgetary control concepts like Cash Budget and Flexible Budget in the Budgetary Control chapter.

  • Q7
    Is this book useful for students other than those from PTU?
    A7

    While it is specifically designed for PTU B.Com students, the comprehensive coverage of fundamental and advanced cost accounting topics makes it a valuable resource for any university student pursuing a Bachelor of Commerce degree.

  • Q8
    How is the Marginal Costing and CVP Analysis chapter structured?
    A8

    Chapter 8 is dedicated to Marginal Costing and Cost-Volume-Profit Analysis, covering the basics, key concepts, and includes a dedicated "Formulas at a Glance" section to aid in problem-solving.

  • Q9
    Does the book cover both Process Costing and Contract Costing?
    A9

    Yes, both Process Costing and Contract Costing are explained in detail under the "Methods of Costing" chapter (Chapter 7) in Unit III.

  • Q10
    Is the language used in the book easy to understand for a second-semester student?
    A10

    Yes, the book is written in clear and lucid language, specifically designed to make complex cost accounting concepts accessible to students who are new to the subject.

I.K.G. Punjab Technical University
Bachelor of Commerce (Hons.) Batch 2018 onwards

BCOM 201-18
Cost Accounting

Course Objective: The main aim of this paper is to familiarize the students with the basics of cost accounting and acquaint them with the application of cost accounting tools and techniques to aid managerial decision-making. It also aims at making them aware of various latest developments in this field.

UNIT I

Cost Accounting: Meaning, Objectives, Nature, and Scope, Comparison between Cost, Financial, and Management Accounting—Application of Cost Accounting—
Designing and Installation of Cost Accounting System – Cost Concepts: Cost Classification, Cost Unit – Cost Center – Elements of Cost – Preparation of Cost Sheet,
Tenders and Quotations

UNIT-II

Material: Purchase, Storage, and Material Control; Setting of Levels of Stock; Inventory Control Techniques. Methods of Pricing Material Issues. Labor: Meaning
and Components of Labor Cost. Accounting and Control of Idle Time and Overtime. Methods of Wage Payment and Incentive Plans, Labor Turnover, Overheads: Collection, Classification, Allocation, Apportionment, and Absorption of Overheads, Machine Hour Rate.

UNIT III:

Reconciliation of Cost and Financial Accounts: Need for reconciliation – Reasons for difference in profits – Problems on preparation of reconciliation statements,
Methods of Costing: Process Costing, Contract Costing, Marginal Costing, and Cost-Volume-Profit Analysis (Basics)

UNIT IV

Budgetary Control: Concept, Classification, Cash and Flexible Budgets, and Zero-Based Budgeting.
Contemporary Developments in Costing:. Activity-Based Costing, Just In Time (JIT), Target Costing, Life Cycle Costing, Value Analysis, Kaizen Costing, Total Quality Management, Backflush Costing.

0.00

0 Overall Rating
  • 5
    0
  • 4
    0
  • 3
    0
  • 2
    0
  • 1
    0

Try this product & share your review & thoughts

Top Trending Product

Related Product

Related Product

Related Blog Posts

Latest Blogs

Latest Blogs

blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Utenim ad minim veniam, quis nostrud exercitation ullamco Lorem ipsum dolor sit amet, consecte...
Read more
Author name | 10 jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Utenim ad minim veniam, quis nostrud exercitation ullamco Lorem ipsum dolor sit amet, consecte...
Read more
Author name | 10 jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Utenim ad minim veniam, quis nostrud exercitation ullamco Lorem ipsum dolor sit amet, consecte...
Read more
Author name | 10 jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025
blog-img
Classic Literature Reimagined: Discuss modern twists on classic novels.
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Read more
Author Name | 10 Jan, 2025