no. 

Lectures

 Unit

1

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.

 Unit

2

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.

 Unit

3

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.

4

Vouching and verification

Vouching-: Audit of income and audit of expenditure
Verification-: Audit of asset and audit of liabilities.