Costing III Bcaf Sem V
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Transcript of Costing III Bcaf Sem V
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8/8/2019 Costing III Bcaf Sem V
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BCAF Sem V
Presented by CA Jayant Apte
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Old and new syllabus
Old Syllabus
Process Costing
Contract Costing
Reconciliation of costing
and financial accounts
Operating costing
New Syllabus
Uniform costing and inter
firm comparison
Non integrated accounts
Integrated accounts
Operating costing
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Changed paper
pattern
Similar to past semesters
Q 1 Compulsory 14 marks
Q 2 Compulsory 12 marks objective type-
True or false, Match the following, fill in the
blanks, multiple choice Q 3 internal options both practical
Q 4 internal option but one may be theory
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Various options
possible Compulsory Question may be on operating
costing- Hospital ,Hotel, Goods or passenger
transport Objective questions should cover all the topics
Non integrated accounts Journal and/or
ledger
Integrated accounts journal and/or /Ledger
Uniform costing /inter firm comparison is only
for theory
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Uniform Costing
Meaning of and need forUniform Costing
Pre requisites for successful implementation
Advantages and limitations
Where there can be uniformity
Uniform costing manual
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Inter firm comparison
Logical extension ofUniform Costing
Meaning
Pre conditions
Advantages
Limitations
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Non integrated
accounts
Cost control accounts like Stores ledger
control,Wages Control Overheads Control,WIP
Control and finally Costing P & L Account
Question may be ledger accounts or journal
entries
More emphasis on ledger accountsCompare to self balancing ledger
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Non integrated
accounts
Remember the flow of production
Prepare for journal entries as well as ledger
accounts
Prepare for objective questions separately
Do not forget to write narration in case journal
entries are asked Refer to the standard text books rather than
big reference books
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integrated accounts
Concept of integration with financial accounts
A comparison of Financial accounts, Non
integrated accounts and integrated accounts
would give a better idea to students
Question in the form of journal entries or ledger
accounts or both
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integrated accounts
Small question to make journal entries may be
possible
Dont forget to write narrations
Very few past questions available
Initially prepare for basic type of questions
Prepare various types of objective questions Rely on all the available text books for
questions
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Operating Costing
Unique topic
Services oriented
Different as compared to goods costing
Only specific services are covered
Hospital
Hotel Transport- passenger/Goods
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Operating Costing
Transport- General format Fixed cost or
standing charges and variable cost or running
charges If goods per ton/km if passenger per
passenger/km
Depreciation and even interest is to be counted
as cost
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Operating Costing
Hotel
Room occupancy , types of rooms and
seasons
Terminology would change for a hotel like
guest supplies, entertainment tax, crockery ,
food cost etc
Cost per room per day by the type of room
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Operating Costing
Hospital
Bed occupancy , types of rooms
Terminology would change for a hospital like
doctors cost, medicines,investigation charges
guest supplies, entertainment tax, crockery ,
food cost etc
Cost per patient per day by the type of
room/bed
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Operating Costing
Most important topic may cover compulsory
question and even one more optional
Do not waste time on power
house,boiler,canteen etc Refer to past question papers as this is a topic
which was there in the old syllabus too
If possible, refer to M Com part 1 paper
Prepare well for objective questions on this
topic
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Thank You
All the Best