Cost Accounting (ADVANCE)

What will you learn in this course:

In this Course you will learn a lot of Knowledge and after complete this course you will excellent in Cost Accounting. This course provide many chapter of of Cost Accounting including Theories and Practical Problems etc.

After Complete this you achieve a lot of Costing and its Application.

This Course Include :

1. Introduction

Meaning of cost accounting

Difference between financial accounting and cost accounting

Advantage or importance of Cost accounting

Different Methods of Cost Accounting

Elements of Cos : Material  Labour   Overhead

2. Material

Objectives of Materials Control

Techniques or Methods of Material Control

1) A.B.C analysis

2) Determination of stock level

3) Economic order quantity analysis

4) Perpetual inventory technique

5) V.E.D analysis

6) H.M.L. Analysis Technique

7) F.S.N. Analysis Technique

8) S.D.E. Analysis Technique

9) S-OS Analysis Technique

10) Budgetary Techniques

3. Machine Hour Rate

Meaning of Machine Hour Rate

Statement showing machine hour rate

Practical Problems

4. Operating Costing
Meaning of Operating costing method

Transport Costing

Practical Problems

5. Unit Costing

Meaning of unit costing

Different methods of cost accounting

Method of Unit Costing

1. Cost Sheet

2. Statement of Cost

3. Production Account

Calculation of material consumed or Material used

Unit costing Question

6. Tender Price

Meaning of Tender Price

Different types of estimated cost sheet for tender price

Example of fixed overhead and variable overhead

Example of semi–variable overhead

Practical Problems

7. Reconciliation statement

Reconciliation of Cost Accounts with financial Account

Causes of Difference between profit of Cost Accounts and Financial Accounts

ITEMS NOT TO BE INCLUDED IN COST ACCOUNTS

Meaning of reconciliation statement

Statement of Reconciliation

Practical Problems

8. Contract

Contract Costing Method

Meaning of Contract Account

Types of contract price :

(i) Fixed contract price

(ii) Cost plus contract price

Types of contract :

(i) Completed contract

(ii) Incomplete contract

Practical Problems

9. Process costing

Meaning of Process Costing

Normal Wastage, Abnormal Wastage and Abnormal Gain/Effectiveness

Practical Problems

10. Overhead

Meaning of Overhead

Types of Overhead

Fixed Overhead (Time)

Variable overhead (Production)

Semi variable overhead (mix up of both)

Factory Overhead

Office & Administration overhead

Selling & Distribution Overhead