Cost Accounting Overheads (Professional Course Level)

Learn basic to advanced concepts of Overheads (Indirect Expenses) in Cost Accounting
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  • Lectures 19
  • Contents Video: 2.5 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 3/2015 English

Course Description

come to Cost Accounting Overheads Course.

In this course, you will learn about important topic in Cost Accounting called Overheads.

Overheads are basically expenses incurred on

Indirect Materials
Indirect Labour and
Indirect 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.

Overheads are incurred over
a) Various Products
b) Various Departments or Cost Centres and
c) Various heads of account.

In this course, you will learn about
a) Classification of Overheads
b) Methods of Segregation of Semi Variable Costs into Fixed and Variable
c) Objectives of Overheads Study
d) Departmentalisation
e) Allocation Vs Apportionment
f) Methods of Apportioning Common Expenses

This course is structured in self paced learning style.

Take this course to understand Basics to Advanced concepts in Overhead Costing.

What are the requirements?

  • Basics of Accounting
  • Basics of Cost Accounting

What am I going to get from this course?

  • Understand Meaning of Overheads
  • Understand Classification of Overheads
  • Understand Methods of Segregation of Semi Variable Cost in to Fixed and Variable
  • Understand Objectives of Study of Overhead Costs
  • Understand Absorption Costing

What is the target audience?

  • Accounting and Finance Executives
  • Accounting and Finance Students
  • Cost Accounting Students
  • MBA Finance Students
  • CA / CMA / CS / CFA / CPA 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: Introduction
Introduction
Preview
03:56
Section 2: Classification of Overheads
Overheads Classification
Preview
02:58
Overhead by Functions
06:33
Overheads by Nature
04:47
Overheads by Element
04:52
Overheads by Controllability
02:14
Advantages of classification of fixed and variable expenses
09:02
Accounting and Cotnrol of Manufacturing Overheads
03:52
Steps in estimating and absorbing overheads
10:53
Bases of Apportioning Overheads
Preview
07:11
Allocation and Apportionment
02:25
Apportionment Methods of Common Expenses
10:33
Reapportionment of Service Department Overheads
07:04
Section 3: Case Studies for Apportionment of Overheads
Case Study on Direct Distribution Method
13:54
Case Study Step Method
06:34
Case Study Simultaneous Equation Method
Preview
11:32
Case Study Repeated Distribution Method
21:35
Case Study Trial and Error Method
19:38
Bonus Lecture - Discount Coupon Links for other Courses
8 pages

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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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