Cost Accounting Crash Course
4.1 (11 ratings)
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Cost Accounting Crash Course

Learn basics of Cost Accounting, Material Costing, Marginal Costing, etc.
4.1 (11 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.
3,672 students enrolled
Last updated 8/2016
English
Current price: $10 Original price: $20 Discount: 50% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
have overview of Costing
have overview of material costing
have overview of marginal costing
have overview of standard costing
View Curriculum
Requirements
  • Basics of Accounting
  • Basics of Accounting Terms
Description

Welcome to this Cost Accounting Crash Course.

In this course, you will have overview of

a) Cost Accounting

b) Material Costing

c) Marginal Costing

d) Overheads

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.

Material Costing:

Material can be classified into two types. Direct Material and indirect Material. We should know how to value the Material Cost while arriving out the total cost of a product.

Marginal Costing:

Marginal Costing is a technique of Decision Making adopted by Management of the Business Units.

Marginal Costing is practically applied in the following situations:

a) Performance Evaluation

b) Profit Planning

c) Fixation of Selling Price

d) Make or Purchase Decision

e) Optimizing Product Mix

f) Cost Control

g) Flexible Budget Preparation

Overheads:

Overheads are basically expenses incurred on

Indirect MaterialsIndirect Labour andIndirect Expenses

which are not directly identifiable or allocable to a cost object in an economically feasible way.

So, overheads is a total of all Indirect Costs.

This course is structured in self paced learning style.

All the best and welcome to the course.




Who is the target audience?
  • Accounting and Costing Executives
  • Accounting and Costing Students
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Curriculum For This Course
Expand All 17 Lectures Collapse All 17 Lectures 02:35:51
+
Introduction
17 Lectures 02:27:51


Cost Classifications
02:21

Cost classification based on relevance to decision making
05:21

Comprehensive cost sheet
06:53

Introduction to Material Costing
05:59

Format of Marginal Cost Sheet
02:55

Standard Cost Definition
02:55

Setting up of Standard Cost
04:12

Cost Sheet Case Study 1
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

Bonus Lecture - Discount Coupon Links for other Courses
8 pages
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.2 Average rating
697 Reviews
30,090 Students
80 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.