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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
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1,201 students enrolled
Last updated 8/2016
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  • 1.5 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?
Understand need of Labour Cost
Understand the Attendance and Pay Roll Procedure
View Curriculum
  • Basics of Accounting
  • Basics of Cost Accounting

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
2 Lectures 05:09

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

Roles of Departments in Controlling Labour Cost

Factors Controlling Labour Cost

Collection of Labour Cost
Time Keeping
4 Lectures 20:11

Traditional Methods of Time Keeping

Mechanical Time Keeping

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

Reconciliation Gate Card and Job Card

Objectives of Time Keeping

Payroll Procedure
Idle Time
1 Lecture 07:05
Idle Time
9 Lectures 33:42

Effects of OT on Productivity

Steps for Controlling Overtime

Labour Turnover

Labour turnover due to new recruitment

Causes of Labour Turnover

Effects of Labour Turnover

Steps available for minimising labour turnover

Bonus Lecture - Discount Coupon Links for other Courses
8 pages
About the Instructor
4.3 Average rating
618 Reviews
29,403 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.

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