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Cost Accounting - A Comprehensive Study

Learn basic to advanced concepts in Cost Accounting comprehensively Video Course By Ca Raja Natarajan
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Students Enrolled: 0 Total Lecturs: 144
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What will I learn from this course?

  • Understand Basics of Cost Accounting
  • Understand Material Costing
  • Understand Labor Costing
  • Understand Overheads Costing
  • Understand Standard Costing Techniques
  • Understand Operating Costing
  • Understand Marginal Costing

Requirements

  • Basics of Accounting

Who is the target audience?

  • Cost Accounting Students and Executives
  • Accounting Students and Executives
  • Finance Students and Executives
  • MBA Finance Students
  • B.Com., BBA, CA, CMA, CS, CFA, CPA, CIMA Students

Course Curriculum

Total: 144 lectures

  • 4m 59s

    Introduction to Basic Cost Concepts

  • 2m 33s

    Costing, Cost Accounting and Accountancy Preview

  • 4m 09s

    Objectives of Cost Accounting

  • 5m 09s

    Difference between Cost Accounting and Financial Accounting.

  • 3m 04s

    Difference between Managment Accounting and Cost Accounting

  • 2m 22s

    Cost Classifications

  • 2m 32s

    Cost classification based on Time Period

  • 2m 53s

    Cost classifications based on Behaviour

  • 4m 07s

    Committed Fixed Cost and Discretionary Fixed Cost

  • 2m 23s

    Cost classification on the basis of element

  • 1m 32s

    Cost classification based on Relationship

  • 2m 03s

    cost classification based on controllability

  • 2m 02s

    Cost classification based on Normality

  • 1m 13s

    cost classification based on attributability

  • 5m 22s

    Cost classification based on relevance to decision making

  • 2m 05s

    cost classification on the basis of cause and effect relationship

  • 3m 20s

    cost classification on the basis of payment

  • 5m 01s

    cost classification on the basis of function

  • 2m 33s

    cost sheet introduction

  • 2m 22s

    cost classifcation for cost sheet

  • 4m 05s

    Simple cost sheet

  • 6m 54s

    Comprehensive cost sheet

  • 12m 40s

    Cost Sheet Case Study 1

  • 19m 39s

    Cost Sheet Case Study 2

  • 14m 22s

    Cost Sheet Case Study 3

  • 9m 16s

    Cost Sheet Case Study 4

  • 12m 40s

    Cost Sheet Case Study 5

  • 5m 59s

    Introduction to Material Costing Preview

  • 2m 21s

    objectives of material cost controlling

  • 5m 58s

    Requirements of Material cost control

  • 1m 23s

    elements of material cost control

  • 1m 56s

    techniques of material cost control

  • 1m 24s

    Decision making in material purchases

  • 3m 15s

    Material purchase procedure

  • 2m 46s

    supplier selection procedure

  • 1m 58s

    Supplier payment procedure

  • 4m 01s

    Just in Time Purchases

  • 5m 45s

    ABC Analysis

  • 2m 46s

    Introduction to Labour Costing Preview

  • 2m 24s

    Difference between Direct and Indirect Labour Cost

  • 2m 00s

    Labour Cost Control

  • 4m 02s

    Roles of Departments in Controlling Labour Cost

  • 5m 38s

    Factors Controlling Labour Cost

  • 2m 34s

    Collection of Labour Cost

  • 4m 02s

    Time Keeping

  • 5m 15s

    Traditional Methods of Time Keeping

  • 8m 03s

    Mechanical Time Keeping

  • 2m 52s

    Requisites of Good Time Keeping System

  • 7m 04s

    Time Booking

  • 2m 38s

    Reconciliation Gate Card and Job Card

  • 2m 02s

    Objectives of Time Keeping

  • 3m 27s

    Payroll Procedure

  • 7m 05s

    Idle Time

  • 5m 39s

    Overtime Premium

  • 2m 20s

    Effects of OT on Productivity

  • 3m 10s

    Steps for Controlling Overtime

  • 4m 30s

    Labour Turnover

  • 4m 45s

    Labour turnover due to new recruitment

  • 6m 28s

    Causes of Labour Turnover

  • 3m 57s

    Effects of Labour Turnover

  • 2m 55s

    Steps available for minimising labour turnover

  • 3m 57s

    Introduction to Overheads Costing Preview

  • 2m 58s

    Overheads Classification

  • 6m 33s

    Overhead by Functions

  • 4m 48s

    Overheads by Nature

  • 4m 53s

    Overheads by Element

  • 2m 15s

    Overheads by Controllability

  • 9m 02s

    Advantages of classification of fixed and variable expenses

  • 3m 52s

    Accounting and Cotnrol of Manufacturing Overheads

  • 10m 53s

    Steps in estimating and absorbing overheads

  • 2m 25s

    Allocation and Apportionment

  • 10m 34s

    Apportionment Methods of Common Expenses

  • 7m 11s

    Bases of Apportioning Overheads

  • 7m 04s

    Reapportionment of Service Department Overheads

  • 13m 54s

    Case Study on Direct Distribution Method

  • 6m 34s

    Case Study Step Method

  • 11m 33s

    Case Study Simultaneous Equation Method

  • 21m 36s

    Case Study Repeated Distribution Method

  • 19m 39s

    Case Study Trial and Error Method

  • 2m 55s

    Introduction to Standard Costing Techniques Preview

  • 2m 56s

    Standardd Cost Definition

  • 4m 12s

    Setting up of Standard Cost

  • 2m 24s

    Standard Costing Definition

  • 3m 24s

    Physical Standards

  • 3m 55s

    Material Quantity Standards

  • 4m 05s

    Labour Time Standards

  • 1m 21s

    Overhead Standards

  • 6m 15s

    Problems in setting physical standards

  • 6m 01s

    Types of Standards

  • 3m 26s

    Need for Standard Costing

  • 1m 57s

    Process of Setting Standards

  • 4m 42s

    Types of Variances

  • 2m 06s

    Introduction to Standard Costing Variances Preview

  • 4m 19s

    Material Cost Variance

  • 3m 42s

    Material Price Variance

  • 9m 16s

    Material Usage Variance

  • 5m 57s

    CS Material Cost Variance

  • 11m 04s

    Comprehensive Case Study on Material Cost Variance

  • 15m 21s

    MCV more than one material

  • 28m 59s

    Comprehensive Case Study MCV

  • 5m 33s

    Labour Cost Variance

  • 1m 40s

    Labour Rate Variance

  • 9m 13s

    Labour Efficiency Variance

  • 6m 21s

    Case Study Labour Cost Variance

  • 28m 24s

    Comprehensive Case Study LCV

  • 3m 22s

    Overhead Cost Variance

  • 8m 16s

    Production Volume Variance

  • 1m 32s

    Overhead Expenses Variances

  • 4m 01s

    Variable Overhead Cost Variance

  • 4m 22s

    Introduction to Operating Costing Preview

  • 6m 19s

    Case Study - Composite Units

  • 17m 41s

    Case study bus fare

  • 19m 00s

    Case Study Cost per absolute ton km

  • 2m 19s

    Cost Sheet under Operating Costing

  • 12m 16s

    Case Study evaluation of facilities

  • 1m 16s

    Introduction to Marginal Costing Preview

  • 0m 59s

    Direct Costing

  • 1m 59s

    Difference between Marginal Costing and Direct Costing

  • 1m 01s

    Differential Cost

  • 2m 29s

    Difference between Marginal and Differential Costing

  • 4m 21s

    Difference between Variable and Fixed Cost

  • 2m 20s

    Semi Variable Cost

  • 2m 55s

    Marginal Cost Sheet Format

  • 0m 51s

    Marginal Cost Equation

  • 1m 10s

    Absorption Costing Format

  • 3m 31s

    Difference between Marginal Costing and Absorption Costing

  • 0m 57s

    Contribution

  • 1m 41s

    Profit or loss and Contribution

  • 0m 30s

    Decision making Indicators of Marginal Costing

  • 3m 19s

    PV Ratio

  • 3m 48s

    Indifference Point

  • 1m 30s

    Difference between Indifference Point and Break Even Point

  • 2m 50s

    Shut Down Point

  • 6m 13s

    Case Study on Segregation of Fixed and Variable Cost

  • 7m 40s

    Case Study Break Even Point

  • 5m 01s

    Case Study on Computation of Sales for Desired Profits

  • 11m 30s

    Case Study on Profit Volume Ratio and Break Even Point

  • 12m 14s

    Computation of Price Volume Ratio and BEP

  • 16m 46s

    Case Study Marginal Costing Basic Computations

  • 12m 04s

    Case Study Profit Volume Ratio and BEP

  • 10m 18s

    Finding Fixed Cost, PVR and Sales

  • 13m 26s

    Marginal Cost Sheet and VC Interpretation

  • 22m 05s

    Cost Sheet Case Study 6 Simultaneous Equation

  • 16m 30s

    Cost Sheet Case Study 7 Find Selling Price per unit

Description

Welcome to Cost Accounting - A Comprehensive Study Course.

Yes! This is a comprehensive course because you are going to learn all the following in this single course:

  • Basics of Costing Accounting 
  • Material costing 
  • Labor Costing 
  • Overheads Costing 
  • Standard Costing Techniques
  • Standard Costing Variances 
  • Operating Costing 
  • Marginal Costing
  • Process Costing and Operation Costing
  • Budget and Budgetary Control
  • Contract Costing
  • Joint Products and By Products
  • Non Integrated Accounts
  • Job Costing and Batch Costing

So, how this course is relevant for you?

If you a Professional course student in the line of Finance or Accounting, then you would have Cost Accounting as part of your major subject. This course will explain theory and practical concepts in Cost Accounting which will help you to excel in Academic Examinations.

If you are an Accounting or Finance or Cost Accounting Executive, this course will help you to brush up you basics in Cost Accounting and all the contents have immediate practical relevance and application.

With this course, you will be able to

  • Basic concepts and processes used to determine product cost
  • Understand Cost Accounting Statements
  • Solve simple case studies

This course is structured in self paced learning style. Video lectures were used for delivering the course content. If you aspire to gain strong foundation in Cost Accounting, then this course is for you.

Happy Learning and Best Wishes!

About Tutor

  • Tutor: Ca Raja Natarajan
  • Tests Packages: 9
  • Students: 11
4.4

I am a practicing Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

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