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