Overview

What will you learn in this course:In this Course you will learn a lot of Knowledge and after complete this course you will excellent in Cost Accounting. This course provide many chapter of of Cost Accounting including Theories and Practical Problems etc.After Complete this you achieve a lot of Costing and its Application.This Course Include:1. IntroductionMeaning of cost accountingDifference between financial accounting and cost accountingAdvantage or importance of Cost accountingDifferent Methods of Cost AccountingElements of Cos: Material Labour Overhead2. MaterialObjectives of Materials ControlTechniques or Methods of Material Control1) A.B.C analysis 2) Determination of stock level 3) Economic order quantity analysis 4) Perpetual inventory technique 5) V.E.D analysis 6) H.M.L. Analysis Technique 7) F.S.N. Analysis Technique 8) S.D.E. Analysis Technique 9) S-OS Analysis Technique 10) Budgetary Techniques3. Machine Hour RateMeaning of Machine Hour RateStatement showing machine hour ratePractical Problems4. Operating CostingMeaning of Operating costing methodTransport CostingPractical Problems5. Unit CostingMeaning of unit costingDifferent methods of cost accountingMethod of Unit Costing1. Cost Sheet 2. Statement of Cost 3. Production AccountCalculation of material consumed or Material usedUnit costing Question6. Tender PriceMeaning of Tender PriceDifferent types of estimated cost sheet for tender priceExample of fixed overhead and variable overheadExample of semi-variable overheadPractical Problems7. Reconciliation statementReconciliation of Cost Accounts with financial AccountCauses of Difference between profit of Cost Accounts and Financial AccountsITEMS NOT TO BE INCLUDED IN COST ACCOUNTSMeaning of reconciliation statementStatement of ReconciliationPractical Problems8. ContractContract Costing MethodMeaning of Contract AccountTypes of contract price:(i) Fixed contract price (ii) Cost plus contract priceTypes of contract:(i) Completed contract(ii) Incomplete contractPractical Problems9. Process costingMeaning of Process CostingNormal Wastage, Abnormal Wastage and Abnormal Gain/EffectivenessPractical Problems10. OverheadMeaning of OverheadTypes of OverheadFixed Overhead (Time)Variable overhead (Production)Semi variable overhead (mix up of both)Factory OverheadOffice & Administration overheadSelling & Distribution Overhead

Skills

Reviews