Cost Accounting Basics (Professional Course Level)
4.3 (10 ratings)
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Cost Accounting Basics (Professional Course Level)

Learn the basic aspects of Costing to have control over profits.
4.3 (10 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,542 students enrolled
Last updated 4/2017
English
Current price: $10 Original price: $20 Discount: 50% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 1 Article
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand basic concepts of Costing
  • Understand basic process in determining cost
  • Understand Cost Accounting System
  • Understand objectives of Cost Accounting
  • Understand difference between Cost Accounting, Financial Accounting and Management Accounting
  • Understand various classifications of cost
  • Understand Cost Sheet
  • Understand Methods of Costing
View Curriculum
Requirements
  • This course is Introductory in nature.
  • Any one interested in knowing about costing can take this course.
Description

This course is about Cost Accounting Basics.

Costing and Cost Accounting is very important subject for every learner who aspires career in Finance and Entrepreneurship.

Knowledge of Costing and Cost Accounting will equip the learner to find the areas where the cost of the business is going up and affecting the profits. It would enable the learner to understand the importance of Cost Control and Cost reduction to improve the profits of the business.

In this course, students will learn about

a) What is Costing?

b) What is Costing, Cost Accounting and Cost Accountancy?

c) What are the objectives of Cost Accounting?

d) What are the difference between Financial Accounting, Cost Accounting and Management Accounting?

e) What are the classifications of Cost?

f) What is Cost Sheet?

This course uses basic terminologies.

Video lectures in virtual teaching model is used to have feel of attending class rooms.

This course is structured in self learning style.

Take this course to understand the Basic Concepts of Cost Accounting.

Who is the target audience?
  • This course is meant for any one who would like to know about Cost Accounting
  • This course is also useful for Finance Students who have Costing as their Subject
  • This course is useful for Finance Graduates, CA, CMA, CS, CPA, CIMA, CFA students
  • Finance Managers and Cost Accounting Course Students
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Curriculum For This Course
Expand All 23 Lectures Collapse All 23 Lectures 01:14:12
+
Introduction to Costing
5 Lectures 19:53


Objectives of Cost Accounting
04:08

Difference between Cost Accounting and Financial Accounting.
05:09

Difference between Managment Accounting and Cost Accounting
03:04
+
Cost Classifications
13 Lectures 36:46

Cost classification based on Time Period
02:31

Cost classifications based on Behaviour
02:52

Committed Fixed Cost and Discretionary Fixed Cost
04:07

Cost classification on the basis of element
02:23

Cost classification based on Relationship
01:31

cost classification based on controllability
02:03

Cost classification based on Normality
02:01

cost classification based on attributability
01:13

Cost classification based on relevance to decision making
05:21

cost classification on the basis of cause and effect relationship
02:04

cost classification on the basis of payment
03:19

cost classification on the basis of function
05:00
+
Cost Sheet
5 Lectures 18:09

cost classifcation for cost sheet
02:22

Simple cost sheet
04:05

Comprehensive cost sheet
06:53

Bonus Lecture - Discount Coupon Links for other courses
02:16
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.2 Average rating
845 Reviews
33,350 Students
82 Courses

I am a 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.