g) Detailed Lesson Plan for each Lecture

Week 1. Concepts and Scope of Cost Accounting: Definition and concept of cost, Cost object, Cost elements,

Week 2. Sources and uses of cost data, Cost accounting v/s financial accounting.

Week 3. Costing department and its relationship with other departments, Role of cost accounting in a management information system, Uses of cost data.

Week 4. Cost Classification and Flows: Direct and indirect cost, Product and period cost, Controllable and uncontrollable cost 

Week 5. Fixed and variable cost, Semi-variable and step fixed cost, Cost flow, Statement of cost of goods manufactured and sold.

Week 6. Material Costing and Control:  Procedure of material procurement, application of IAS-2. Two-bin system,

Week 7. The use of FIFO, LIFO and weighted average for material, valuation and the pricing for material issue, Stock taking periodic and perpetual inventory, Treatment of differences between physical and book stock,

Week 8. Economic order quantity, Effect of quantity discount on EOQ, Reorder level, safety stock and maximum stock, ABC Control.

 Week 9. Labor Costing and Control: Objectives of payroll accounting. Calculations and recording of payroll, payroll taxes and deductions.

Week 10. Direct and indirect labor, Productivity and efficiency, Remuneration methods, Straight piece rate and differential piece rate, Incentive wage plan, Group bonus, Time sheet and job cards, Overtime and idle time; Labor turnover rate.

Week 11. Factory Overhead Costing and Control:  Classification and collection of overhead, predetermined overhead applied rate,

Week 12. Factory overhead cost: planned, applied and actual, Over and under applied factory overhead' and its disposal, Departmentalization of overhead,

Week 13. Allocation, apportionment and reapportionment of overhead costs, Repeated distribution and algebraic method for reciprocal, service department costs.

Week 14. Types of Costing Systems:  Establishment of cost accounting system, Integrated and interlocking cost accounts, . 

Week 15. Chart of account and coding for costing, Introduction to process costing, Incomplete process and concept of equivalent units, Format of process account and Week 16. cost of production report, Job order costing, Operation I service costing.