Introduction to Basic Cost Concepts
Costing, Cost Accounting and Accountancy Preview
Objectives of Cost Accounting
Difference between Cost Accounting and Financial Accounting.
Difference between Managment Accounting and Cost Accounting
Cost Classifications
Cost classification based on Time Period
Cost classifications based on Behaviour
Committed Fixed Cost and Discretionary Fixed Cost
Cost classification on the basis of element
Cost classification based on Relationship
cost classification based on controllability
Cost classification based on Normality
cost classification based on attributability
Cost classification based on relevance to decision making
cost classification on the basis of cause and effect relationship
cost classification on the basis of payment
cost classification on the basis of function
cost sheet introduction
cost classifcation for cost sheet
Simple cost sheet
Comprehensive cost sheet
Cost Sheet Case Study 1
Cost Sheet Case Study 2
Cost Sheet Case Study 3
Cost Sheet Case Study 4
Cost Sheet Case Study 5
Introduction to Material Costing Preview
objectives of material cost controlling
Requirements of Material cost control
elements of material cost control
techniques of material cost control
Decision making in material purchases
Material purchase procedure
supplier selection procedure
Supplier payment procedure
Just in Time Purchases
ABC Analysis
Introduction to Labour Costing Preview
Difference between Direct and Indirect Labour Cost
Labour Cost Control
Roles of Departments in Controlling Labour Cost
Factors Controlling Labour Cost
Collection of Labour Cost
Time Keeping
Traditional Methods of Time Keeping
Mechanical Time Keeping
Requisites of Good Time Keeping System
Time Booking
Reconciliation Gate Card and Job Card
Objectives of Time Keeping
Payroll Procedure
Idle Time
Overtime Premium
Effects of OT on Productivity
Steps for Controlling Overtime
Labour Turnover
Labour turnover due to new recruitment
Causes of Labour Turnover
Effects of Labour Turnover
Steps available for minimising labour turnover
Introduction to Overheads Costing Preview
Overheads Classification
Overhead by Functions
Overheads by Nature
Overheads by Element
Overheads by Controllability
Advantages of classification of fixed and variable expenses
Accounting and Cotnrol of Manufacturing Overheads
Steps in estimating and absorbing overheads
Allocation and Apportionment
Apportionment Methods of Common Expenses
Bases of Apportioning Overheads
Reapportionment of Service Department Overheads
Case Study on Direct Distribution Method
Case Study Step Method
Case Study Simultaneous Equation Method
Case Study Repeated Distribution Method
Case Study Trial and Error Method
Introduction to Standard Costing Techniques Preview
Standardd Cost Definition
Setting up of Standard Cost
Standard Costing Definition
Physical Standards
Material Quantity Standards
Labour Time Standards
Overhead Standards
Problems in setting physical standards
Types of Standards
Need for Standard Costing
Process of Setting Standards
Types of Variances
Introduction to Standard Costing Variances Preview
Material Cost Variance
Material Price Variance
Material Usage Variance
CS Material Cost Variance
Comprehensive Case Study on Material Cost Variance
MCV more than one material
Comprehensive Case Study MCV
Labour Cost Variance
Labour Rate Variance
Labour Efficiency Variance
Case Study Labour Cost Variance
Comprehensive Case Study LCV
Overhead Cost Variance
Production Volume Variance
Overhead Expenses Variances
Variable Overhead Cost Variance
Introduction to Operating Costing Preview
Case Study - Composite Units
Case study bus fare
Case Study Cost per absolute ton km
Cost Sheet under Operating Costing
Case Study evaluation of facilities
Introduction to Marginal Costing Preview
Direct Costing
Difference between Marginal Costing and Direct Costing
Differential Cost
Difference between Marginal and Differential Costing
Difference between Variable and Fixed Cost
Semi Variable Cost
Marginal Cost Sheet Format
Marginal Cost Equation
Absorption Costing Format
Difference between Marginal Costing and Absorption Costing
Contribution
Profit or loss and Contribution
Decision making Indicators of Marginal Costing
PV Ratio
Indifference Point
Difference between Indifference Point and Break Even Point
Shut Down Point
Case Study on Segregation of Fixed and Variable Cost
Case Study Break Even Point
Case Study on Computation of Sales for Desired Profits
Case Study on Profit Volume Ratio and Break Even Point
Computation of Price Volume Ratio and BEP
Case Study Marginal Costing Basic Computations
Case Study Profit Volume Ratio and BEP
Finding Fixed Cost, PVR and Sales
Marginal Cost Sheet and VC Interpretation
Cost Sheet Case Study 6 Simultaneous Equation
Cost Sheet Case Study 7 Find Selling Price per unit
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:
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
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!