♦ Functional Classification of Elements of Cost, Cost Heads in Cost Sheet, Cost of Sales, Cost Centre, Cost Unit, Profit Centre and Investment Centre

♦ Cost Sheet, Total Costs and Unit Costs, Different Costs for Different Purposes

♦ Problems Sums Based on Preparation of Cost Sheet and Estimated Cost Sheet

♦ Meaning, Need and Benefits of Reconciliation of Cost and Financial Accounts

♦ Practical Problems Based on Reconciliation of Cost and Financial Accounts

♦ Progress Payments, Retention Money, Contract Accounts, Accounting for Material, Accounting for Tax Deducted at Source by the Contractee and Accounting for Plant Used in a Contract

♦ Accounting Treatment of Profit on Incomplete Contracts

♦ Contract Profit and Balance Sheet Preparation, Escalation Clause

♦ Problems Sums Based on Contract Costing

♦ Meaning of Process Costing, Process Loss

♦ Treatment of Normal, Abnormal Loss and Abnormal Gain in Cost Accounts

♦ Joint Products and By Products

♦ Problems Sums Based on Process Costing