Cost concepts

Unit 1: Conceptual FoundationTopic 2 of 4

Browse the Cost and Management Accounting syllabus

Cost and Management Accounting

8 units

1 Conceptual Foundation
2 Accounting for Materials
3 Accounting for Labour Cost
4 Accounting for Overhead Cost
5 Costing in Different Situations
6 Accounting for Profit Planning
7 Cost Accounting for Planning and Control
8 Cost Reduction

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What the syllabus expects

Cost, expense and loss
Cost center, profit center and cost unit
Importance of cost classification

Cost concepts

Bachelor of Business Studies (BBS) — Second Year

Subject: Cost and Management Accounting (MGT 212)

Unit 1: Conceptual Foundation

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

Explain the scope and key elements of cost concepts.
Prepare the relevant cost records or calculations and interpret their use in managerial planning and control.

Curriculum Scope

Cost, expense and loss
Cost center, profit center and cost unit
Importance of cost classification

Detailed Microsyllabus

Cost terminology
1. Cost, expense and loss.
2. Timing and purpose of classification.
3. Relevant business illustrations.
Responsibility and measurement
1. Cost centers and profit centers.
2. Cost units and measurable output.
3. Why classification supports planning and control.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 31-34.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here.