Cost Accounting Book by Jain and Narang PDF: Features, Benefits and Topics Covered

# Cost Accounting Book by Jain and Narang PDF Download ## Introduction - What is cost accounting and why it is important for businesses - Who are Jain and Narang and what are their credentials - What are the main features and benefits of their cost accounting book - How to download the pdf version of their book for free ## Part I: Fundamental Principles of Cost Accounting - Explain the nature, scope, objectives, advantages and limitations of cost accounting - Compare and contrast cost accounting with financial accounting - Describe the general principles, methods and types of cost accounting - Summarize the evolution and development of cost accounting ## Part II: Cost Elements - Materials Purchase and Control - Explain the meaning, need, aspects and essentials of material control - Describe the functions and organization of the purchasing department - Discuss the methods of valuing material issues and returns - Analyze the treatment of surplus materials, wastage, scrap, defectives and spoilage ## Part III: Cost Elements - Labour Cost Control - Explain the meaning, need and methods of labour cost control - Describe the components and classification of labour cost - Discuss the methods of remuneration and incentive schemes - Analyze the treatment of idle time, overtime, leave wages and fringe benefits ## Part IV: Cost Elements - Overheads Control - Explain the meaning, need and classification of overheads - Describe the methods of allocation, apportionment and absorption of overheads - Discuss the under-absorption and over-absorption of overheads and their treatment - Analyze the various bases and rates for overheads absorption ## Part V: Methods of Costing - Job Costing - Explain the meaning, features and suitability of job costing - Describe the procedure and documents used in job costing - Discuss the advantages and disadvantages of job costing - Analyze the problems and solutions in job costing ## Part VI: Methods of Costing - Process Costing - Explain the meaning, features and suitability of process costing - Describe the procedure and documents used in process costing - Discuss the treatment of normal loss, abnormal loss and abnormal gain in process costing - Analyze the problems and solutions in process costing ## Part VII: Methods of Costing - Service Costing - Explain the meaning, features and suitability of service costing - Describe the procedure and documents used in service costing - Discuss the advantages and disadvantages of service costing - Analyze the problems and solutions in service costing ## Part VIII: Techniques of Costing - Marginal Costing - Explain the meaning, features and assumptions of marginal costing - Describe the concepts of marginal cost, contribution, profit-volume ratio, break-even point and margin of safety - Discuss the applications and limitations of marginal costing - Analyze the problems and solutions in marginal costing ## Part IX: Techniques of Costing - Standard Costing - Explain the meaning, features and objectives of standard costing - Describe the concepts of standard cost, standard output, standard hours and standard rate - Discuss the types, causes and analysis of variances in standard costing - Analyze the problems and solutions in standard costing ## Part X: Techniques of Costing - Budgetary Control - Explain the meaning, features and objectives of budgetary control - Describe the concepts of budget, budgetary control system, budget manual and budget committee - Discuss the types, preparation and administration of budgets in budgetary control - Analyze the problems and solutions in budgetary control ## Part XI: Techniques of Costing - Uniform Costing - Explain the meaning, features and objectives of uniform costing - Describe the conditions and advantages of uniform costing - Discuss the steps and difficulties in implementing uniform costing - Analyze the role and functions of trade associations in uniform costing ## Part XII: Techniques of Costing - Inter-Firm Comparison - Explain the meaning, features and objectives of inter-firm comparison - Describe the benefits and limitations of inter-firm comparison - Discuss the methods and criteria of inter-firm comparison - Analyze the problems and solutions in inter-firm comparison ## Part XIII: Cost Accounting Reports and Statements - Explain the meaning, purpose and types of cost accounting reports and statements - Describe the contents and format of various cost accounting reports and statements - Discuss the principles and guidelines for preparing cost accounting reports and statements - Analyze the use and interpretation of cost accounting reports and statements ## Conclusion - Summarize the main points and findings of the article - Emphasize the importance and relevance of cost accounting book by Jain and Narang pdf download - Provide some recommendations and suggestions for further reading or action ## FAQs - Q1: What is the difference between uniform costing and standard costing? - A1: Uniform costing is a system of costing where different firms in the same industry use the same costing principles and practices, whereas standard costing is a technique of costing where predetermined standards are set for various elements of cost and actual performance is compared with them. - Q2: What are the benefits of inter-firm comparison? - A2: Inter-firm comparison is a technique of costing where the performance, efficiency, profitability and costs of different firms in the same industry are compared. The benefits of inter-firm comparison are: it helps to identify the strengths and weaknesses of each firm, it provides a basis for benchmarking and improvement, it facilitates mutual learning and cooperation among firms, it stimulates competition and innovation, it enhances customer satisfaction and loyalty. - Q3: What are the sources of cost accounting book by Jain and Narang pdf download? - A3: The cost accounting book by Jain and Narang pdf download can be obtained from various sources such as online platforms, libraries, bookstores, trade associations, etc. Some of the online platforms that offer the pdf download are Scribd, CollegeLearners, TheBookee, etc. - Q4: What are the main topics covered in the cost accounting book by Jain and Narang pdf download? - A4: The cost accounting book by Jain and Narang pdf download covers various topics related to cost accounting such as fundamental principles, cost elements, methods of costing, techniques of costing, uniform costing, inter-firm comparison, cost accounting reports and statements, etc. - Q5: How can I learn more about cost accounting? - A5: You can learn more about cost accounting by reading books, articles, journals, blogs, etc. related to cost accounting. You can also enroll in online courses, webinars, workshops, etc. that offer cost accounting education. You can also join professional associations, forums, groups, etc. that deal with cost accounting issues.

Cost Accounting Book By Jain And Narang Pdf Download

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