Cost Accounting Labour Costing (Professional Course Level)
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Cost Accounting Labour Costing (Professional Course Level)

Learn basics of Labour Costing covering Attendance, Pay Roll Procedure, Idle Time, Over time, etc
0.0 (0 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.
1,481 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:
  • 1.5 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand need of Labour Cost
  • Understand the Attendance and Pay Roll Procedure
View Curriculum
Requirements
  • Basics of Accounting
  • Basics of Cost Accounting
Description

Welcome to Cost Accounting Labour Costing Course.

In any organisation, Labour Cost after material cost is significant element of cost not only because the wages cost is generally substantial, but also it has certain special characteristics, which other elements of cost do no have.

If you want to gain good knowledge in Cost Accounting, then you must understand the features of labour cost.

In this course, you will learn about

a) Classification of Labour Cost

b) Difference between Direct and Indirect Labour Cost

c) Labour Cost Control

d) Roles of Departments in Controlling Labour Cost

e) Important Factor for the Control of Labour Cost

f) Collection of Labour Cost

g) Time Keeping

h) Traditional Mehtods of Time Keeping

i) Mechanical Methods of Time Keeping

j) Requisites of a Good Time Keeping System

k) Time Booking

l) Pay roll Procedure

This course is structured in self paced learning style.

Take this course to understand Basics of Labour Costing.

Who is the target audience?
  • Accounting and Finance Executives
  • Accounting and Finance Students
  • Cost Accounting Students
  • MBA Finance Students
  • B.Com Students
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Curriculum For This Course
Expand All 24 Lectures Collapse All 24 Lectures 01:43:31
+
Introduction
2 Lectures 05:09

Difference between Direct and Indirect Labour Cost
02:23
+
Labour Cost Control
4 Lectures 14:13

Roles of Departments in Controlling Labour Cost
04:01

Factors Controlling Labour Cost
05:38

Collection of Labour Cost
02:34
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Time Keeping
4 Lectures 20:11

Traditional Methods of Time Keeping
05:14

Mechanical Time Keeping
08:03

Requisites of Good Time Keeping System
02:52
+
Time Booking
4 Lectures 15:11

Reconciliation Gate Card and Job Card
02:38

Objectives of Time Keeping
02:02

Payroll Procedure
03:27
+
Idle Time
1 Lecture 07:05
Idle Time
07:05
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Overtime
9 Lectures 33:42

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

Bonus Lecture - Discount Coupon Links for other Courses
8 pages
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.2 Average rating
756 Reviews
31,429 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.