Cost Accounting - A Comprehensive Study

Learn basic to advanced concepts in Cost Accounting comprehensively
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  • Lectures 185
  • Contents Video: 19.5 hours
    Other: 8 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 4/2015 English

Course 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:

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!

What are the requirements?

  • Basics of Accounting

What am I going to get from this course?

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

What 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Basics of Costing
Introduction to Basic Cost Concepts
Preview
04:59
Costing, Cost Accounting and Accountancy
02:33
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
02:21
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 introduction
02:33
cost classifcation for cost sheet
02:22
Simple cost sheet
04:05
Comprehensive cost sheet
06:53
Cost Sheet Case Study 1
Preview
12:40
Cost Sheet Case Study 2
19:39
Cost Sheet Case Study 3
14:21
Cost Sheet Case Study 4
09:15
Cost Sheet Case Study 5
12:39
Cost Sheet Case Study 6 Simultaneous Equation
22:04
Cost Sheet Case Study 7 Find Selling Price per unit
16:29
Section 2: Material Costing
Introduction to Material Costing
05:59
objectives of material cost controlling
02:21
Requirements of Material cost control
05:57
elements of material cost control
01:22
techniques of material cost control
01:56
Decision making in material purchases
01:24
Material purchase procedure
03:15
supplier selection procedure
02:45
Supplier payment procedure
01:58
Just in Time Purchases
04:01
ABC Analysis
05:45
Valuation of Material Receipts
07:26
Valuation of Material Case Study 1
Preview
08:04
Valuation of Material Case Study 2
03:14
Why Storeage of Materials are important and what are Duties of Store Keeper?
02:51
What are Bin Cards?
02:45
What are Stock Control Cards?
01:36
What are Stores Ledgers?
01:58
Difference between Bin Card and Stores Ledger
00:59
Inventory Control
01:18
Settting of Various Stock Levels
00:45
Re-Order Quantity
03:33
Re-Order Level
01:25
Calculation of EOQ Case Study 3
Preview
04:11
Calculation of EOQ and Total Variable Cost Case Study 4
12:40
Evaluation of Exisiting Policy and EOQ Case Study 5
10:19
Evaluation of Discount Offer and EOQ Case Study 6
11:49
Calculation of EOQ Case Study 7
05:35
Calculation of Stock Levels Case Study 8
11:02
Calculation of Stock Levels Case Study 9
18:18
Evaluation of Discount Offer and EOQ Case Study 10
11:00
Calculation of Stock Levels and Danger Level Case Study 11
10:01
Techniques of Inventory Control
00:39
ABC Analysis
06:40
Two Bin System
01:34
Estabishment of System of Budgets
00:52
Other Techniques of Inventory Control
07:58
Application of ABC Inventory Control System Case Study 12
Preview
03:21
Application of ABC Inventory Control System Case Study 13
20:00
Section 3: Labour Costing
Introduction to Labour Costing
02:46
Difference between Direct and Indirect Labour Cost
02:23
Labour Cost Control
02:00
Roles of Departments in Controlling Labour Cost
04:01
Factors Controlling Labour Cost
05:38
Collection of Labour Cost
02:34
Time Keeping
04:02
Traditional Methods of Time Keeping
05:14
Mechanical Time Keeping
08:03
Requisites of Good Time Keeping System
02:52
Time Booking
07:04
Reconciliation Gate Card and Job Card
02:38
Objectives of Time Keeping
02:02
Payroll Procedure
03:27
Idle Time
07:05
Overtime Premium
05:39
Effects of OT on Productivity
02:20
Steps for Controlling Overtime
03:10
Labour Turnover
04:30
Labour turnover due to new recruitment
04:45
Causes of Labour Turnover
06:27
Effects of Labour Turnover
03:57
Steps available for minimising labour turnover
02:54
Section 4: Overheads Costing
Introduction to Overheads Costing
Preview
03:56
Overheads Classification
02:58
Overhead by Functions
06:33
Overheads by Nature
04:47
Overheads by Element
04:52

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Instructor Biography

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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