1. Introduction of Cost Accounting :
1.1 Cost Accountancy – Concept of Cost, Costing, Cost Accounting and Cost Accountancy – Objectives, Importance, Scope, Advantages, Limitations of Cost Accounting
1.2 Cost Accounting System – Essential Qualities of a good Cost Accounting System, Factors to be Considered for Installing a Cost Accounting System
1.3 Methods of Costing – Job Costing, Batch Costing, Contract Costing, Single / Output Costing, Process Costing, Operating Costing
1.4 Techniques of Costing – Historical Costing, Standard Costing, Direct Costing, Absorption Costing, Marginal Costing, Uniform Costing

2. Cost Accounting Standards :
2.1 Cost Accounting Standards
2.2 CAS 1 : Classification of Cost
2.3 CAS 3 : Production and Operation Overheads
2.4 CAS 6 : Material Cost
2.5 CAS 7 : Employee Cost
2.6 CAS 13 : Cost of Service Cost Centre
2.7 CAS 15 : Selling and Distribution Overheads

3. Elements of Cost I – Material and Labour :
A) Material
3.1 Material Cost – Importance and Objectives of Materials Control, Purchase procedure, Duties of Storekeeper, Perpetual Inventory System and Continuous Stock Taking
3.2 Accounting Treatment of the following items in materials cost accounting – Carriage Inward onraw materials, Cash Discount received on purchase of materials, Insurance Costs on stocks of raw materials, Storage Losses namely waste, scrap, spoilage, and defectives Etc.
B) Labour
3.3 Labour Cost – Importance and Objectives of Control of labour cost – concepts of time keeping and time booking and their objectives
3.4 Wage Payment System – Qualities of Sound Wage Payment System, and Scheme of Incentives to Workers
3.5 Methods of Wage Payment – Taylor‘s Differential Piece Rate Plan, Merrick‘s Multiple Piece Rate Plan, Gantts Task and Bonus Plan and Emerson Efficiency Plan.

4. Elements of Cost II – Overheads :
4.1 Overheads – Meaning and Classification of Overheads by Function, Nature & Element.
4.2 Accounting and Control of Manufacturing Overheads – Collection, Allocation, Apportionment, Primary and Secondary Distribution, Absorption of Overheads; Under-Absorption and Over-Absorption of Overheads.
4.3 Accounting and Control of Administrative Overheads and Selling & Distribution Overheads
4.4 Treatment of following items in Cost Accounting – Interest and Financial Charges, Depreciation, Packing Expenses, Fringe Benefits, Bad-Debts, Training Expenses, Canteen Expenses, Expenses of Welfare Activities, Night-Shift Allowance.

5. Activity Based Costing (ABC) :
5.1 Activity Based Costing – Concept, Meaning, Objectives and Features of ABC
5.2 Traditional Costing Vs Activity Based Costing
5.3 Activity Based Costing – Benefits and Limitations of ABC
5.4 Cost Drivers
5.5 Process of Activity Based Costing
5.6 Preparation of Cost Statement
5.7 Income statement on the basis of ABC and Absorption Costing

6. Transfer Pricing :
6.1 Transfer Pricing – Introduction, Meaning of Transfer Pricing and Transactions Subject to Transfer Pricing
6.2 Transfer Pricing – Objectives and Importance of Transfer Pricing
6.3 Transfer Pricing Methodologies – Domestic Transaction : Pricing at Cost, Market Price and Negotiated Price.
International Transaction : Comparable Uncontrolled Price (CUP) Method, Resale Price Method or Resale Minus Method, Cost Plus Method, Profit Split and Transactional Net Margin.