Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
4.3 /5- Offered byUDEMY
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ at UDEMY Overview
Duration | 38 hours |
Total fee | ₹490 |
Mode of learning | Online |
Credential | Certificate |
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ at UDEMY Highlights
- Earn a Certificate of completion from Udemy
- 30-Day Money-Back Guarantee
- Full lifetime access
- Access on mobile and TV
- 77 downloadable resources
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ at UDEMY Course details
- Cost Accounting Students and Executives
- Accounting Students and Executives
- Finance Students and Executives
- MBA Finance Students
- B.Com., BBA, CA, CMA, CS, CFA, CPA, CIMA Students
- Understand Basics of Cost Accounting
- Understand Material Costing
- Understand Labour Costing
- Understand Overheads Costing
- Understand Standard Costing Techniques
- Understand Standard Costing Variances
- Understand Operating Costing
- Understand Marginal Costing
- By taking this course, you will be able to see practical side of Cost Accounting concepts with lot many case studies to solve
- Approaching complex topics through case studies is the best way to understand them and you will find lot many in this course
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ at UDEMY Curriculum
Basics of Costing
Introduction to Basic Cost Concepts
Costing, Cost Accounting and Accountancy
Objectives of Cost Accounting
Difference between Cost Control and Cost Reduction
Scope of Cost Accounting
Difference between Managment Accounting and Cost Accounting
Roles and Functions of Cost and Management Accounting
Users of Cost and Management Accounting Information
Essentials of good cost accounting system
Difference between Cost Accounting and Financial Accounting.
Installation of Cost Accounting System
Impact of Information Technology on Cost Accounting
What are Cost Objects?
What are Cost Drivers?
Responsibility Centres
What are Cost Units?
Limitations of Cost Accounting
Classification of cost based on Nature or Element
Functional Classification of Cost
Cost classification based on Variability / Behaviour
Cost classifcation based on Controllability
Cost classification based on Normality
Cost Classifications
Cost classification based on Time Period
Cost classifications based on Behaviour
Committed Fixed Cost and Discretionary Fixed Cost
Cost classification on the basis of element
Cost classification based on Relationship
cost classification based on controllability
Cost classification based on Normality
cost classification based on attributability
Cost classification based on relevance to decision making
cost classification on the basis of cause and effect relationship
cost classification on the basis of payment
cost classification on the basis of function
What is Opportunity Cost?
cost sheet introduction
cost classifcation for cost sheet
Simple cost sheet
Comprehensive cost sheet
Cost Sheet Case Study 1
Cost Sheet Case Study 2
Cost Sheet Case Study 3
Cost Sheet Case Study 4
Cost Sheet Case Study 5
Cost Sheet Case Study 6 Simultaneous Equation
Cost Sheet Case Study 7 Find Selling Price per unit
Practice Problems - Cost Sheet - Case study
Practice Problems Cost Sheet - Case study
Material Costing
Introduction to Material Costing
objectives of material cost controlling
Requirements of Material cost control
elements of material cost control
techniques of material cost control
Decision making in material purchases
Material purchase procedure
supplier selection procedure
Supplier payment procedure
Just in Time Purchases
ABC Analysis
ABC Analysis Case Study 1
ABC Analysis Case Study 2
Valuation of Material Receipts
Valuation of Material Case Study 1
Valuation of Material Case Study 2
Why Storeage of Materials are important and what are Duties of Store Keeper?
What are Bin Cards?
What are Stock Control Cards?
What are Stores Ledgers?
Difference between Bin Card and Stores Ledger
Inventory Control
Settting of Various Stock Levels
Re-Order Quantity
Re-Order Level
Calculation of EOQ Case Study 3
Calculation of EOQ and Total Variable Cost Case Study 4
Evaluation of Exisiting Policy and EOQ Case Study 5
Evaluation of Discount Offer and EOQ Case Study 6
Calculation of EOQ Case Study 7
Calculation of Stock Levels Case Study 8
Calculation of Stock Levels Case Study 9
Evaluation of Discount Offer and EOQ Case Study 10
Calculation of Stock Levels and Danger Level Case Study 11
Techniques of Inventory Control
ABC Analysis
Two Bin System
Estabishment of System of Budgets
Other Techniques of Inventory Control
Application of ABC Inventory Control System Case Study 12
Application of ABC Inventory Control System Case Study 13
Case Study - Calculate Sales, SP/Unit and Margin of Safety Sales
Case Study - Calculate Sales Volume and Margin of Safety
Case Study - Computation of Break Even Point
Case Study - Calculate Sales Revenue required to achieve Quarterly Profit
Case Study - Break Even Point in Units
Case Study PV Ratio, Fixed Cost and Sales required to earn a given profit
Case Study Break Even Sales, PV Ratio , Units to be sold for achieving given EBI
What if First in First Out Method?
Practice Problems - EOQ- Case Study
Practice Problems -EOQ Using Wilson's Formula
Practice Problems Evalution of Material cost of Two Sources
Labour Costing
Introduction to Labour Costing
Difference between Direct and Indirect Labour Cost
Labour Cost Control
Roles of Departments in Controlling Labour Cost
Factors Controlling Labour Cost
Collection of Labour Cost
Time Keeping
Traditional Methods of Time Keeping
Mechanical Time Keeping
Requisites of Good Time Keeping System
Time Booking
Reconciliation Gate Card and Job Card
Objectives of Time Keeping
Payroll Procedure
Idle Time
Case study 1 on Idle Time & Effective Working Hours
Case Study 2 on Idle Time & Effective Working Hours
Overtime Premium
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
Pratice problem -Treatmnet of Idle Time Cost & Overtime Premium
Pratice Problem - Treatmnet of Overtime Premium
Labour Costing Practice Problem 3
Labour Costing Practice Problem 4
Labour Costing Practice Problem 5
Overheads Costing
What are Overheads?
Overheads Classification
Overhead by Functions
Overheads by Nature
Overheads by Element
Overheads by Controllability
Advantages of classification of fixed and variable expenses
Accounting and Cotnrol of Manufacturing Overheads
Steps in estimating and absorbing overheads
Allocation and Apportionment
Apportionment Methods of Common Expenses
Bases of Apportioning Overheads
Reapportionment of Service Department Overheads
Case Study on Direct Distribution Method
Case Study Step Method
Case Study Simultaneous Equation Method
Case Study Repeated Distribution Method
Case Study Trial and Error Method
Case Study Re-apportionment of Cost under Repeated Distribution Method
Case Study Re-apportionment of Cost under Step Method or Step Ladder Method
Step Method or Non Reciprocal Method
Reciprocal Services Method
Methods of Absorbing Overheads to various products or jobs
Percentage of Direct Materials and Prime Cost Method
Percentage of Direct Labour Cost Method
Labour Hour Rate Method
Machine Hour Rate Method
Types of Overhead Rates
Case Study on Predetermined Overhead Rate & Performance Report
Case Study on Machine Hour Rate
Treatment of Under absorbed & Over absorbed Overheads
Case Study Under Absorbed Overheads
Direct Redistribution Method - Case Study
Non Reciprocal Method - Case Study
Practice Problems Overhead - Trial and Error Method Case Study
Standard Costing Techniques
Introduction to Standard Costing Techniques
Standardd Cost Definition
Setting up of Standard Cost
Standard Costing Definition
Physical Standards
Material Quantity Standards
Labour Time Standards
Overhead Standards
Problems in setting physical standards
Types of Standards
Need for Standard Costing
Advantages of Standard Costing
Process of Setting Standards
Types of Variances
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ at UDEMY Faculty details
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ at UDEMY Entry Requirements
- Prerequisites: Basic knowledge of Accounting
- Not mentioned
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