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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:
a) Basics of Costing Accounting (22 Lectures covering Introduction to Costing, Cost Classifications and Cost Sheet)
b) Material costing (11 Lectures covering covering Basics of Material Costing)
c) Labour Costing (23 Lectures)
d) Overheads Costing (18 Lectures)
e) Standard Costing Techniques (13 Lectures)
f) Standard Costing Variances (17 Lectures)
g) Operating Costing (6 Lectures)
h) Marginal Costing(30 Lectures)
Altogether, you get to access 118 Lectures.
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 understand
-basic concepts and processes used to determine product costs;
-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.
All the sections of this are also available as individual courses.
If you aspire to gain strong foundation in Cost Accounting, then this course is for you.
Happy Learning and Best Wishes!
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Certificate of completion.
|Section 1: Basics of Costing|
Introduction to Basic Cost ConceptsPreview
Costing, Cost Accounting and Accountancy
Objectives of Cost Accounting
Difference between Cost Accounting and Financial Accounting.
Difference between Managment Accounting and Cost Accounting
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 1Preview
Cost Sheet Case Study 2
Cost Sheet Case Study 3
Cost Sheet Case Study 4
Cost Sheet Case Study 5
Cost Sheet Case Study 6 Simultaneous Equation
Cost Sheet Case Study 7 Find Selling Price per unit
|Section 2: Material Costing|
Introduction to Material Costing
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
Valuation of Material Receipts
Valuation of Material Case Study 1Preview
Valuation of Material Case Study 2
Why Storeage of Materials are important and what are Duties of Store Keeper?
What are Bin Cards?
What are Stock Control Cards?
What are Stores Ledgers?
Difference between Bin Card and Stores Ledger
Settting of Various Stock Levels
Calculation of EOQ Case Study 3Preview
Calculation of EOQ and Total Variable Cost Case Study 4
Evaluation of Exisiting Policy and EOQ Case Study 5
Evaluation of Discount Offer and EOQ Case Study 6
Calculation of EOQ Case Study 7
Calculation of Stock Levels Case Study 8
Calculation of Stock Levels Case Study 9
Evaluation of Discount Offer and EOQ Case Study 10
Calculation of Stock Levels and Danger Level Case Study 11
Techniques of Inventory Control
Two Bin System
Estabishment of System of Budgets
Other Techniques of Inventory Control
Application of ABC Inventory Control System Case Study 12Preview
Application of ABC Inventory Control System Case Study 13
|Section 3: Labour Costing|
Introduction to Labour Costing
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
Traditional Methods of Time Keeping
Mechanical Time Keeping
Requisites of Good Time Keeping System
Reconciliation Gate Card and Job Card
Objectives of Time Keeping
Effects of OT on Productivity
Steps for Controlling Overtime
Labour turnover due to new recruitment
Causes of Labour Turnover
Effects of Labour Turnover
Steps available for minimising labour turnover
|Section 4: Overheads Costing|
Introduction to Overheads CostingPreview
Overhead by Functions
Overheads by Nature
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.