NATURE OF COST ACCOUNTING

BBM 201 Unit 1, Lesson 1




UNIT 1 UNIT TITLE

LESSON 1 NATURE OF COST ACCOUNTING

LESSON 2 METHODS AND TECHNIQUES OF COSTING

LESSON 3 ELEMENTS OF COST AND CLASSIFICATION OF COST




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, BBM 201 Unit 1, Lesson 1




LESSON 1 NATURE OF COST ACCOUNTING


TABLE OF CONTENTS:

1.0 OBJECTIVES

1.1 CONCEPT OF COST
1.1.1 MEANING OF THE TERM COSTING, COST ACCOUNTING, COST
ACCOUNTANCY
1.1.2 COST ESTIMATION AND COST ASCERTAINMENT
1.1.3 COST ALLOCATION AND COST APPORTIONMENT
1.1.4 COST ABSORPTION
1.1.5 COST ACCOUNTING
1.1.6 COST UNIT AND COST CENTER
1.1.7 COST UNIT
1.1.8 COST CENTER
1.1.9 COST REDUCTION AND COST CONTROL
1.1.10 COST ACCOUNTANCY

1.2 OBJECTIVES OF COST ACCOUNTING

1.3 SIGNIFICANCE/ IMPORTANCE OF COST ACCOUNTING

1.4 DIFFERENCE BETWEEN COST ACCOUNTING AND FINANCIAL
ACCOUNTING




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