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
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!
Course Curriculum
- Introduction to Basic Cost Concepts 4m 59s Preview
- Costing, Cost Accounting and Accountancy 2m 33s Preview
- Objectives of Cost Accounting 4m 09s Preview
- Difference between Cost Accounting and Financial Accounting. 5m 09s Preview
- Difference between Managment Accounting and Cost Accounting 3m 04s Preview
- Cost Classifications 2m 22s Preview
- Cost classification based on Time Period 2m 32s Preview
- Cost classifications based on Behaviour 2m 53s Preview
- Committed Fixed Cost and Discretionary Fixed Cost 4m 07s Preview
- Cost classification on the basis of element 2m 23s Preview
- Cost classification based on Relationship 1m 32s Preview
- cost classification based on controllability 2m 03s Preview
- Cost classification based on Normality 2m 02s Preview
- cost classification based on attributability 1m 13s Preview
- Cost classification based on relevance to decision making 5m 22s Preview
- cost classification on the basis of cause and effect relationship 2m 05s Preview
- cost classification on the basis of payment 3m 20s Preview
- cost classification on the basis of function 5m 01s Preview
- cost sheet introduction 2m 33s Preview
- cost classifcation for cost sheet 2m 22s Preview
- Simple cost sheet 4m 05s Preview
- Comprehensive cost sheet 6m 54s Preview
- Cost Sheet Case Study 1 12m 40s Preview
- Cost Sheet Case Study 2 19m 39s Preview
- Cost Sheet Case Study 3 14m 22s Preview
- Cost Sheet Case Study 4 9m 16s Preview
- Cost Sheet Case Study 5 12m 40s Preview
- Introduction to Material Costing 5m 59s Preview
- objectives of material cost controlling 2m 21s Preview
- Requirements of Material cost control 5m 58s Preview
- elements of material cost control 1m 23s Preview
- techniques of material cost control 1m 56s Preview
- Decision making in material purchases 1m 24s Preview
- Material purchase procedure 3m 15s Preview
- supplier selection procedure 2m 46s Preview
- Supplier payment procedure 1m 58s Preview
- Just in Time Purchases 4m 01s Preview
- ABC Analysis 5m 45s Preview
- Introduction to Labour Costing 2m 46s Preview
- Difference between Direct and Indirect Labour Cost 2m 24s Preview
- Labour Cost Control 2m 00s Preview
- Roles of Departments in Controlling Labour Cost 4m 02s Preview
- Factors Controlling Labour Cost 5m 38s Preview
- Collection of Labour Cost 2m 34s Preview
- Time Keeping 4m 02s Preview
- Traditional Methods of Time Keeping 5m 15s Preview
- Mechanical Time Keeping 8m 03s Preview
- Requisites of Good Time Keeping System 2m 52s Preview
- Time Booking 7m 04s Preview
- Reconciliation Gate Card and Job Card 2m 38s Preview
- Objectives of Time Keeping 2m 02s Preview
- Payroll Procedure 3m 27s Preview
- Idle Time 7m 05s Preview
- Overtime Premium 5m 39s Preview
- Effects of OT on Productivity 2m 20s Preview
- Steps for Controlling Overtime 3m 10s Preview
- Labour Turnover 4m 30s Preview
- Labour turnover due to new recruitment 4m 45s Preview
- Causes of Labour Turnover 6m 28s Preview
- Effects of Labour Turnover 3m 57s Preview
- Steps available for minimising labour turnover 2m 55s Preview
- Introduction to Overheads Costing 3m 57s Preview
- Overheads Classification 2m 58s Preview
- Overhead by Functions 6m 33s Preview
- Overheads by Nature 4m 48s Preview
- Overheads by Element 4m 53s Preview
- Overheads by Controllability 2m 15s Preview
- Advantages of classification of fixed and variable expenses 9m 02s Preview
- Accounting and Cotnrol of Manufacturing Overheads 3m 52s Preview
- Steps in estimating and absorbing overheads 10m 53s Preview
- Allocation and Apportionment 2m 25s Preview
- Apportionment Methods of Common Expenses 10m 34s Preview
- Bases of Apportioning Overheads 7m 11s Preview
- Reapportionment of Service Department Overheads 7m 04s Preview
- Case Study on Direct Distribution Method 13m 54s Preview
- Case Study Step Method 6m 34s Preview
- Case Study Simultaneous Equation Method 11m 33s Preview
- Case Study Repeated Distribution Method 21m 36s Preview
- Case Study Trial and Error Method 19m 39s Preview
- Introduction to Standard Costing Techniques 2m 55s Preview
- Standardd Cost Definition 2m 56s Preview
- Setting up of Standard Cost 4m 12s Preview
- Standard Costing Definition 2m 24s Preview
- Physical Standards 3m 24s Preview
- Material Quantity Standards 3m 55s Preview
- Labour Time Standards 4m 05s Preview
- Overhead Standards 1m 21s Preview
- Problems in setting physical standards 6m 15s Preview
- Types of Standards 6m 01s Preview
- Need for Standard Costing 3m 26s Preview
- Process of Setting Standards 1m 57s Preview
- Types of Variances 4m 42s Preview
- Introduction to Standard Costing Variances 2m 06s Preview
- Material Cost Variance 4m 19s Preview
- Material Price Variance 3m 42s Preview
- Material Usage Variance 9m 16s Preview
- CS Material Cost Variance 5m 57s Preview
- Comprehensive Case Study on Material Cost Variance 11m 04s Preview
- MCV more than one material 15m 21s Preview
- Comprehensive Case Study MCV 28m 59s Preview
- Labour Cost Variance 5m 33s Preview
- Labour Rate Variance 1m 40s Preview
- Labour Efficiency Variance 9m 13s Preview
- Case Study Labour Cost Variance 6m 21s Preview
- Comprehensive Case Study LCV 28m 24s Preview
- Overhead Cost Variance 3m 22s Preview
- Production Volume Variance 8m 16s Preview
- Overhead Expenses Variances 1m 32s Preview
- Variable Overhead Cost Variance 4m 01s Preview
- Introduction to Operating Costing 4m 22s Preview
- Case Study - Composite Units 6m 19s Preview
- Case study bus fare 17m 41s Preview
- Case Study Cost per absolute ton km 19m 00s Preview
- Cost Sheet under Operating Costing 2m 19s Preview
- Case Study evaluation of facilities 12m 16s Preview
- Introduction to Marginal Costing 1m 16s Preview
- Direct Costing 0m 59s Preview
- Difference between Marginal Costing and Direct Costing 1m 59s Preview
- Differential Cost 1m 01s Preview
- Difference between Marginal and Differential Costing 2m 29s Preview
- Difference between Variable and Fixed Cost 4m 21s Preview
- Semi Variable Cost 2m 20s Preview
- Marginal Cost Sheet Format 2m 55s Preview
- Marginal Cost Equation 0m 51s Preview
- Absorption Costing Format 1m 10s Preview
- Difference between Marginal Costing and Absorption Costing 3m 31s Preview
- Contribution 0m 57s Preview
- Profit or loss and Contribution 1m 41s Preview
- Decision making Indicators of Marginal Costing 0m 30s Preview
- PV Ratio 3m 19s Preview
- Indifference Point 3m 48s Preview
- Difference between Indifference Point and Break Even Point 1m 30s Preview
- Shut Down Point 2m 50s Preview
- Case Study on Segregation of Fixed and Variable Cost 6m 13s Preview
- Case Study Break Even Point 7m 40s Preview
- Case Study on Computation of Sales for Desired Profits 5m 01s Preview
- Case Study on Profit Volume Ratio and Break Even Point 11m 30s Preview
- Computation of Price Volume Ratio and BEP 12m 14s Preview
- Case Study Marginal Costing Basic Computations 16m 46s Preview
- Case Study Profit Volume Ratio and BEP 12m 04s Preview
- Finding Fixed Cost, PVR and Sales 10m 18s Preview
- Marginal Cost Sheet and VC Interpretation 13m 26s Preview
- Cost Sheet Case Study 6 Simultaneous Equation 22m 05s Preview
- Cost Sheet Case Study 7 Find Selling Price per unit 16m 30s Preview
About Tutor
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.
Anant Gaggar
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Anant Gaggar
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