📘 Cost Accounting | NEP-Aligned | Latest 2024 Edition
✒️ Authored by Dr. Sneh Lata Gupta, this comprehensive guide is tailored to meet the B.Com. (Hons.) curriculum under NEP 2020 at the University of Delhi, including DSC 4.2, NCWEB, SOL, and various universities across India.

Ideal for commerce and accounting students, the book balances conceptual clarity with practical applications, offering a strong foundation in cost accounting principles.

📌 Key Features:

✅ NEP-Aligned Curriculum – Fully mapped to the B.Com. (Hons.) and B.Com. NEP syllabus for Delhi University
✅ Comprehensive Coverage – Topics include:

• Cost Concepts & Classification

• Activity-Based Costing (ABC)

• Job, Process, and Contract Costing

• Reconciliation of Cost and Financial Accounts
  ✅ Clarity Through Charts & Diagrams – Visual aids simplify difficult topics like overhead absorption, labour costing, and integral accounting
  ✅ Practice-Focused Learning – Each chapter includes:

• 📖 Solved Examples

• ❓ Review Questions

• 💡 Learning Objectives
  ✅ Updated With Recent CAS Standards – In-depth discussion on cost accounting standards, treatment of cost items, and modern approaches like ZBB
  ✅ Real-World Relevance – Practical case studies on material control, capacity utilization, labour efficiency, and service costing
  ✅ Specialised Focus – Unique chapters on:

• Integral & Non-Integral Accounting

• Reconciliation Methods

• Third Entry System

📚 Chapter Overview:

1️⃣ Introduction to Cost Accounting – Basics, need, scope, advantages, and differences from financial accounting
2️⃣ Material Cost – Inventory control, pricing methods, EOQ, and stores ledger
3️⃣ Employee Cost – Wage systems, incentive plans, labour turnover, and idle time treatment
4️⃣ Overheads – Classification, segregation, allocation, and machine hour rate
5️⃣ Activity-Based Costing (ABC) – Key terms, steps, advantages, and limitations
6️⃣ Single/Output Costing – Cost sheets, treatment of scrap, and production account
7️⃣ Job Costing – Cost tracking for job-specific requirements
8️⃣ Contract Costing – Long-term costing with escalation and retention clauses
9️⃣ Process Costing – WIP, equivalent units, and normal/abnormal losses
🔟 Service/Operating Costing – Costing for transport, hospitality, and utilities
🔢 Integral vs. Non-Integral Systems – Cost control accounts and reconciliation needs
🔄 Reconciliation of Cost & Financial Accounts – Causes, format, and treatment of differences
⚙️ Integral Accounting System – Features, benefits, third entry system, and prerequisites for implementation

📖 A student-friendly, NEP-compliant guide that simplifies cost accounting through theory, visuals, and problem-solving — perfect for modern-day academic and professional excellence.