A managerial emphasis reflects this new movement in cost accounting and expands on it by including the different costs for different purposes theme throughout the text. This comprehensive textbook covers the syllabus of B.Com, BA, BCS, BCA, M.Com, MBA, MCS, MCA, PGDBM, PGDFM, PGDM, and professional courses like CA, ICWA and ACS at intermediate levels. Studying cost accounting is one of the best business decisions a student can make. Why? Because success in any business, from the smallest corner store to the largest multinational corporation, requires the use of cost accounting principles and practices. Cost accounting provides key data to managers for planning and controlling, as well as for costing products, services, and customers. The book through 'Cost accounting' defines the cost accounting market and continues to innovate today by consistently integrating the current practices and theories. The book broadly includes Numerous illustrations and exercises taking into consideration the syllabi of various universities. Objective-type questions and short answer theory and numerical problems. Questions asked in various universities and professional examinations. Diagrams and charts wherever required to make the subject as appropriate as possible. It contains: 22 chapters divided into five parts. Topics are arranged in a logical order and the theory is dealt with in a simple style to make it student-friendly and self-understanding. About the Author R. Palaniappan formerly Head, Department of Commerce, Government Arts College, Salem, has more than 33 years experience in teaching Financial Accounting, Cost Accounting and Management Accounting at undergraduate and postgraduate level. He is a visiting faculty at the Southern Chapter of Cost and Works Accountants of India and Salem Chapter of Institute of Company Secretaries of India. He has wide experience in coaching students for CA, ICWA and ACS courses. He is member board of studies/examiner in various institutes/autonomous colleges and professional bodies. N. Hariharan is Professor and Head of Finance and Accounts at Amplify Mindware Academy for Development of Education and Research (AMADER), Pune, Maharashtra. He was Vice-Principal, Shree Chandraprabhu Jain College, Chennai, Tamil Nadu. He has attended and presented papers at various state, national and international level seminars. He has presented a proposed research paper to Cambridge University, UK. He has been teaching Income Tax, Finance and Accountancy for more than 16 years at undergraduate and postgraduate levels. He is a visiting faculty at the Institute of Company Secretaries of India, Southern India Regional Council, Chennai, Tamil Nadu. He is member board of studies/examiner in various institutes/autonomous colleges and professional bodies. He specializes in the field of Taxation, Finance and Accountancy and has written a book on Income Tax Law & Practice. Table of Contents Cost Accounting: An IntroductionCost Analysis-cost Classification and Cost SheetMaterials Cost ControlMaterials CostingLabour Cost ControlMethods of Wage PaymentOver Heads-nature and ClassificationAccounting for Overheads and ControlAdministration, Selling and Distribution OverheadsCost LedgerReconciliation of Cost and Financial AccountsIntegral AccountingOutput CostingUnit CostingSingle CostingJob Costing and Batch CostingContract Costing or Terminal CostingProcess CostingJoint Products, by Products and Main Products CostingService Costing or Operating CostingMarginal Costing.