The present book, Methods of Costing – II, has been meticulously designed to meet the academic requirements of undergraduate commerce students, particularly those pursuing the course under the latest syllabus prescribed by Savitribai Phule Pune University (SPPU) and in alignment with the objectives of the National Education Policy (NEP).
The primary aim of this book is to provide a comprehensive understanding of advanced concepts in cost and management accounting, including process costing, operating costing, and emerging practices in cost analysis and control. The subject matter has been presented in a simple, clear, and systematic manner to facilitate easy comprehension, even for students encountering these concepts for the first time.
Special emphasis has been laid on blending theoretical knowledge with practical application. Each chapter includes well-structured explanations, illustrative problems, and practice questions such as objective-type questions, short notes, and descriptive questions. This approach is intended to strengthen analytical skills and enable students to apply concepts effectively in examinations as well as in real-life business situations.
Efforts have also been made to incorporate recent developments, relevant standards such as Cost Accounting Standards (CAS), and practical insights from the service and manufacturing sectors. The book aims not only to build a strong academic foundation but also to enhance decision-making abilities among learners.