Overview

"This well-established and widely adopted textbook, now in its 14th edition, continues to provide an in-depth and insightful analysis of the modern theories and practices of Cost Accounting. That the book has gone into its 14th edition and several reprints is a testimony of its wide acceptance by the students, academics and professionals. Primarily intended for postgraduate and undergraduate students of Commerce and Management, the book will be of immense benefit to the students pursuing professional courses offered by the Institute of Chartered Accountants of India (ICAI), Institute of Cost Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and those pursuing the Chartered Financial Analyst (CFA) course. Now, in its 14th edition, the book has been suitably revised meeting the latest syllabi requirement of various courses. The chapter on ""Strategic Cost Management"" has been updated to make it indispensible to modern management to enhance the competitive advantage of the firm. Besides, many chapters have been overhauled and updated, especially the chapters covering basic concepts and terms, classification of costs and cost sheet, activity based costing, marginal costing, relevant cost analysis and management decisions, capital budgeting decisions, and cost audit. The book also includes some of the cost standards set by ICAI, a wide array of illustrations, worked-out examples, and practice exercises. Besides, a large number of MCQs are given online for the students to practice and self evaluation. MCQs are critical in proper understanding and practice of theories and concepts. Also, CIMA Official Terminology is provided online to keep students and professionals abreast of relevant terms used in today's business environment. For online material, visit https://www.phindia.com/banerjee_cost_ accounting_theory."

Full Product Details

Author:   Bhabatosh Banerjee
Publisher:   PHI Learning
Imprint:   PHI Learning
Edition:   14th Revised edition
ISBN:  

9789390544394

ISBN 10:   9390544394
Pages:   936
Publication Date:   28 February 2022
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Preface. Acknowledgements Part I: Introduction, Basic Concepts and Cost Classification-1. Basic Concepts and Terms. 2. Classification of Costs and Cost Sheet. Part II: Elements Of Cost And Overheads - 3. Material Cost Management. Section I: Managing Purchase Functions. Section II: Storing of Materials. Section III: Valuing Material Issues. Section IV: Operating Control Systems. 4. Labour Cost Management. Section I: Recruitment, Time-keeping and Time-booking. Section II: Methods of Remuneration. Section III: Preparation and Payment of Wages and Accounting. Section IV: Labour Turnover. Section V: Labour Cost Control. 5. Overheads. Section I: Definition and Classification. Section II: Production Overheads. Section III: Administration and Selling and Distribution Overheads. Section IV: Miscellaneous Indirect Expenses. 6. Activity Based Costing (Allocation of Overhead). Part III: Cost Book-Keeping - 7. Cost Control Accounts. 8. Reconciliation of Cost and Financial Accounts. 9. Integrated Accounts. Part IV: Costing Methods - 10. Job and Contract Costing. Section I: Job Costing. Section II: Contract Costing. 11. Process Costing. Section I: Process Losses and Inter-Process Profits. Section II: Equivalent Production. Section III: Joint Products and By-Products. 12. Service Costing. 13. Uniform Costing and Inter-Firm Comparison. Part V: Cost Analysis For Decision Making- 14. Marginal Costing. Section I: Conceptual Framework. Section II: Management Decisions. 15. Relevant Cost Analysis and Management Decisions. Part VI: Costing Techniques For Planning And Control - 16. Budgetary Control. Section I: Functional Budgets and Master Budget. Section II: Flexible Budgets. 17. Standard Costing. Section I: Cost and Sales Variances. Section II: Accounting Methods. 18. Capital Expenditure Decisions. Section I: Basic Concepts, Tools and Techniques. Section II: Risk Analysis. Part VII: External Oversight - 19. Cost Audit. Part VIII: Emerging Areas. 20. Strategic Cost Management. 21. Contemporary Topics. Section I: Some Concepts and Techniques. Section II: Operations Research and Quantitative Techniques. Section III: Learning Curve Analysis and Decision-Making. Appendix : Present Value Tables. Bibliography. Answers to Exercises. Index

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Author Information

Bhabatosh Banerjee, M.Com., Ph.D., FCMA, is former Professor of Commerce, and Dean of Commerce, Social Welfare and Business Management, University of Calcutta. He has 42 years' experience of teaching and research at the postgraduate level including two years in the USA (1995–1997) as a Visiting Professor of Accountancy in Rutgers University, New Brunswick, N.J., New Jersey Institute of Technology, and DePaul University, Chicago, USA. Also, he has been a Guest Faculty at the Indian Institute of Management (IIM) Calcutta during 2009–2014. Earlier, Dr. Banerjee worked as a Director of Research (1984–1985) at the Institute of Cost Accountants of India. Recipient of International Educator Award (2006) from Indian Accounting Association (IAA), International Dedicated Service Award (2011) from IAAER, Eminent Teacher Award (2013) from Calcutta University, Outstanding Researcher Award (2018) from IAA Research Foundation, Dr. Banerjee attended 42 International Conferences abroad and offered seminar to 35 foreign universities. Apart from publishing over 100 articles in several reputed journals in India and abroad, he also published several research books (including two UGC major research projects) on education, accounting, and environmental management (Accounting Education in India, Regulation of Corporate Accounting and Corporate Environmental Management) which brought international appreciation.

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