This course on Cost Accounting for Beginners aims to teach students the fundamental concepts and techniques of cost accounting. By the end of the course, learners will be able to analyze costs, prepare cost sheets, control material costs, implement inventory control methods, value material issues using various methods, calculate machine and direct labor hour rates, understand unit and process costing, and apply cost controlling techniques like JIT and ABC analysis. The course uses a combination of theoretical explanations, problem-solving sessions, and recommended readings to cater to beginners in the field of cost accounting.
Overview
Syllabus
1. Cost Introduction - Introduction Class.
2. Cost Accounting - Cost – Analysis, Concepts & Classifications.
3. Cost Accounting - Proforma Of Cost Sheet.
4. Cost Accounting - Cost Sheet Preparation - Problem No : 1.
5. Cost Accounting - Cost Sheet Preparation - Problem No : 2.
6. Cost Accounting - Cost Sheet Preparation - Problem No : 3.
7. Cost Accounting - MaterialCost - Introduction.
8. Cost Accounting - Techniques of Material Control - Stock Level Settings.
9. Cost Accounting - Economic Order Quantity (EOQ)Complete Concept.
10. Cost Accounting - Economic Order Quantity - Problems & Solutions..
Recommended Standard Text Books For Cost Accounting.
12. Inventory Control Methods - "VED, Perpetual Inventory System & Double Bin System".
13. Inventory Control Methods "Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis".
14. Methods of Valuing Material Issues - "FIFO Method(First In First Out)".
15. Methods of Valuing Material Issues - "LIFO Method(Last In First Out)".
16. "Simple Average Method" - Methods of Valuing Material Issues from Cost Accounting.
17. Weighted Average Method - Methods of Valuing Material Issues From Cost Accounting.
18. "Base Stock Method" - Methods of Valuing Material Issues from Cost Accounting.
19. "Overheads Chapter Introduction" from Cost Accounting Subject.
20. "Problem With Solution on Overheads" - From Cost Accounting Subject.
21. "Machine Hour Rate - Introduction" - From Cost Accounting Subject.
22. "Machine Hour Rate - Problem With Solution" - From Cost Accounting Subject.
23. "Machine Hour Rate - Problem No: 2" - From Cost Accounting Subject.
Recommended Text Books For Cost Accounting Subject.
24. "Direct Labour Hour Rate - Introduction" - From Cost Accounting Subject.
25. " Direct Labour Hour Rate - Problem With Solution" - From Cost Accounting Subject.
26. Unit Costing - Introduction From Cost Accounting.
27. Unit Costing - Problem Number : 1 from Cost Accounting.
28. Unit Costing - Problem Number: 2 from Cost Accounting.
29. Process Costing Introduction - Cost Accounting Subject.
30. "Process Costing - Problem No: 1" from Cost Accounting Subject.
31. " Process Accounting Problem No: 2" from Cost Accounting Subject.
32. Process Costing- Calculation of Abnormal Loss From Cost Accounting Subject.
33. Process Costing - Calculation of Abnormal Gain from Cost Accounting Subject.
11. Cost Accounting - Cost Controlling Techniques "JIT & ABC" (Just In Time & ABC Analysis).
Taught by
Devika's Commerce & Management Academy
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Reviews
4.0 rating, based on 4 Class Central reviews
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Very well organized, the lecture was simplified and the lecturer was interactive too. But would like if the topics were explained a little bit further. Though she gave out recommended textbooks
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I have so much learn about cost accounting means , and also I learn the differences between financial accounting and cost accounting
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It was an excellent course, where cost accounting was dealt with in a wonderful way with concepts, and they passed the analysis, as well as inventory control and inventory control, how to complete inventories and the correct method for them, which led to a broader understanding of the inventory control process
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Very interacting session n easy to understand I want to give this course a full 5-star review but I can't. I am overwhelmed by the amazing, and amazing amount of resources. I am extremely happy about that. I felt the course was well-organized and easy to follow.
