| Unit
no. |
Name of the Topic |
No. of
Lectures |
|
Unit
1
|
Process costing and Contract Costing-:
Contract Costing-:
learning objectives,
features,
Sub- Contracting ,
Cost plus Contract ,
Profit on Incomplete Contract ,
Work Certified and Work Uncertified ,
Typical examples.
Process Costing-:
Objectives,
Process Cost Accounting Procedure,
Basic Steps for Solution of Problems in Process Costing,
Normal Loss,
Abnormal Loss,
Abnormal Gain.
Typical examples.
|
15 |
|
|
|
|
Unit
2
|
Standard costing-:
Standard Cost ,
standard costing ,
variance analysis material ,
labour variances.
Material variance-:
Material Cost Variance,
Material Price Variance,
Material Usage Variance ,
Material Mix Variance ,
Material Yield Variance.
Labour Variance-:
Direct Wages Variance,
Direct Rate Variance,
Direct Efficiency Variance,
Direct Time Variance,
Direct Yield Variance.
|
15 |
|
|
|
|
Unit
3
|
Audit concepts –
basic ,
Financial system,
users of Financial information,
definition of auditing ,
objectives of Auditing-
primary and secondary,
expression of opinion,
detection of frauds and errors.
Errors and frauds-
definition ,
reasons and circumstances ,
types of errors – commission ,
omission ,
principle and compensating,
Types of frauds ,
risk of frauds and error in audit .
Internet limitations of Audit,
auditors duties and responsibilities in respect to fraud.
Principle of audit-:
Documentation ,
planning ,
audit evidence accounting system and internal control,
audit conclusion and reporting .
Audit concept-:
Materiality ,
Going Concern ,
true and fair independence.
|
17 |
|
|
|
| Unit
4 |
Vouching and verification
Vouching-: Audit of income and audit of expenditure
Verification-: Audit of asset and audit of liabilities.
|
13 |
|
|
|
|
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