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Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ 

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Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
 at 
UDEMY 
Overview

Learn basic to advanced concepts in Cost Accounting comprehensively

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
Read more
Details Icon

Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
 at 
UDEMY 
Course details

Who should do this course?
  • 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
What are the course deliverables?
  • 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
More about this course
  • 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

Faculty Icon

Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
 at 
UDEMY 
Faculty details

Raja Natarajan
https://w10.naukri.com/mailers/2021/naukri-learning/sept/30sept/raja-natarajan-udeml859.jpg

Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
 at 
UDEMY 
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Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
 at 
UDEMY 
Students Ratings & Reviews

4.3/5
Verified Icon3 Ratings
S
Shanshan Li
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
5
Student review
Other: Very informative! Got my CPA licence last year but CPA exam doesn\'t hold any emphasize on cost accounting, this course got everything I needed for cost. Thanks a bunch!!!
Reviewed on 29 Sep 2021Read More
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Sourish Mullick
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
4
Student review
Other: So far I find this course very easy to follow with all explanations required and student friendly teaching approach.
Reviewed on 29 Sep 2021Read More
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Tyler Favali
Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
4
Student review
Other: I think so far this course is going to definitely update my knowledge on manufacturing activities and allow me to roll into my new management accounting role next week and will help me progress to add value to the organization
Reviewed on 29 Sep 2021Read More
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Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
 at 
UDEMY 

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