Non-Integrated and Integrated Cost Accounting System

Non-Integrated Cost Accounting System (गैर-एकीकृत लागत लेखांकन विधि):-

• When two separate set of book of accounts are maintained to record the cost and financial transactions then it is known as Non-Integrated Cost Accounting System.
• जब लागत एवं वित्तीय सौदों के लिए दो पृथक लेखा पुस्तकें बनायीं जाती है तो इसे गैर-एकीकृत लागत लेखांकन विधि कहते है।
• It is also known as "Non-Integral Cost Accounting System" or "Cost Ledger Accounting System."
• इसे  "Non-Integral Cost Accounting System" या "Cost Ledger Accounting System" के नाम से भी जाना जाता है।
• Principal Accounts under Non-integrated cost accounting system are as under:-
• Cost Ledger Control Account or General Ledger Adjustment Account
• Stores Ledger control Account
• Wages Control Account
• Manufacturing/Production/Works/Factory Overhead Control Account
• Work-in-process Control Account
• Administrative Overhead Control Account
• Finished Goods Control Account
• Selling and Distribution Control Account
• Cost of Sales Accounts
• Costing Profit and Loss Account
• Overhead Adjustment Account

Integrated Cost Accounting System (एकीकृत लागत लेखांकन विधि):-

• When only one set of book of accounts is maintained to record the cost and financial related transactions then it is known as Integrated Cost Accounting System.
• जब लागत एवं वित्तीय सौदों को केवल एक ही लेखा पुस्तक में दर्ज किया जाता है तो इसे एकीकृत लागत लेखांकन विधि कहते है।
• Advantages (लाभ) :
• No need for reconciliation statement (समाधान विवरण की कोई आवश्यकता नहीं होती है)
• Less effort (कम प्रयास)
• Less time consuming (कम समाय लगता है)
• It is also known as "Integral Cost Accounting System."
• इसे "Integral Cost Accounting System" के नाम से भी जाना जाता है । 

Note: - There is no need to prepare "Cost Leger Control Account" or "General Ledger Adjustment Account". (एकीकृत लागत लेखांकन में “Cost Leger Control Account" y "General Ledger Adjustment Account" बनाने की आवश्यकता नहीं होती है।)

Reconciliation Statement (समाधान विवरण):-

• It will be prepared when Non-integrated cost accounting system followed.
• ये विवरण तब बनाया जब गैर-एकीकृत लागत लेखांकन विधि का प्रयोग किया जाता है।
• This will reconcile the Profit from Cost Records and Financial Records.
• ये लागत एवं वित्तीय लाभों के मिलान के लिए बनाया जाता है।

Causes of Differences in Financial and Cost Accounts:-

1. Items included in Financial Accounts only:-
• Interest on Loan or Debentures;
• Expenses and discounts on issue of shares or debentures;
• Loss by fire;
• Loss on sale of Fixed Assets
• Goodwill w/off;
• Preliminary Expenses w/off;
• Income tax;
• Donation or Subscriptions;
• Expenses of the company's share transfer office;
• Interest received from Investments;
• Dividends Received
• Profit on sale of Investments or Fixed Assets;
• Dividends received;
• Transfer fees received;
• Rent Received etc.
2. Items included in Financial Accounts only:-
• Notional Rent
• Notional Interest on Capital
• Notional Salary to Owner
• Notional Depreciation