Cost Accounting


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Learners
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This is a comprehensive online training course on Cost Accounting, covering ~13 hours of video lectures across Material Costing, Labour Costing, Overheads Costing, Standard Costing Techniques, Standard Costing Variances, Operating Costing, Marginal Costing and more
Course Faculty
Mr. N Raja CA
Mr. N Raja CA
Practising CA, PGDBA-Finance with Experience in Credit, Project Finance & Risk more>>
Course Offerings
137 Lecture Topics
12+ Hours of Video Lectures
Interactive Discussion Forum
Course Completion Certificate
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Course Overview
This is a comprehensive online training course on Cost Accounting, covering ~13 hours of video lectures across Material Costing, Labour Costing, Overheads Costing, Standard Costing Techniques, Standard Costing Variances, Operating Costing, Marginal Costing and more.

This Course details both the theory as well as the practical aspects in cost accounting and solves case studies through relevant examples. The course is delivered by an expert finance trainer.
Course Curriculum
--- 1. Basics of Costing
1 Introduction to Basic Cost Concepts Preview 05:00
2 Costing, Cost Accounting and Cost Accountancy 02:33
3 Objectives of Cost Accounting 04:09
4 Difference between Financial and Cost Accounting 05:10
5 Difference between Management Accounting and Cost Accounting 03:05
6 Cost Classifications 02:22
7 Cost classification based on time period 02:32
8 Cost classification based on Behaviour 02:53
9 Committed FC and Discretionary FC 04:08
10 Cost classification on the basis of element 02:24
11 Cost classification based on Relationship 01:32
12 Cost classification based on Controllability 02:04
13 Cost classification based on Normality 02:02
14 Cost classification based on Attributability 01:14
15 Cost classification based on relevance to decision making 05:22
16 Cost classification on the basis of cause and effect relationship 02:05
17 Cost classification on the basis of payment 03:20
18 Cost classification on the basis of function 05:01
19 Cost sheet intro 02:34
20 Cost classifcation for cost sheet 02:23
21 Simple cost sheet 04:06
22 Comprehensive cost sheet 06:54
--- 2. Material Costing
23 Introduction to Material Costing 06:00
24 Objectives of material cost controlling 02:22
25 Requirements of Material cost control 05:58
26 Elements of material cost control 01:23
27 Techniques of material cost control 01:57
28 Decision making in material purchases 01:25
29 Material purchase procedure 03:16
30 Supplier selection procedure 02:46
31 Supplier payment procedure 01:59
32 Just in Time Purchases 04:02
33 ABC Analysis 05:46
--- 3. Labour Costing
34 Introduction 02:47
35 Diff b/w DLC ILC 02:24
36 Labour Cost Control 02:01
37 Roles of Dept in Controlling Lab Cost 04:02
38 Factors Controlling Labour Cost 05:39
39 Collection of Labour Cost 02:35
40 Time Keeping 04:03
41 Traditional Time Keeping Method 05:15
42 Mechanical Time Keeping 08:03
43 Requisites of Good Time Keeping System 02:53
44 Time Booking 07:05
45 Reconciliation Gate Card and Job Card 02:39
46 Objectives of Time Keeping 02:03
47 Payroll Procedure 03:28
48 Idle Time 07:06
49 Overtime Premium 05:40
50 Effects of OT on Productivity 02:21
51 Steps for Controlling Overtime 03:11
52 Labour Turnover 04:31
53 Labour turnover due to new recruitment 04:46
54 Causes of Labour Turnover 06:28
55 Effects of Labour Turnover 03:58
56 Steps available for minimising labour turnover 02:55
--- 4. Overheads Costing
57 Introduction 03:57
58 Overhead Classification 02:59
59 Functional Overheads 06:34
60 Overheads by Nature 04:48
61 Overheads by Element 04:53
62 Overheads by Controllability 02:15
63 Advantages of Classification of Overheads 09:03
64 Accounting and control of overheads 03:53
65 Steps in estimating and absorbing overheads 10:54
66 Allocation and Apportionment 02:26
67 Apportionment Methods of Common Expenses 10:34
68 Bases of apportioning Overheads 07:12
69 Reapportionment of Service Dept OHs 07:05
70 Case Study on Direct Distribution Method 13:55
71 Case Study - Step Method 06:34
72 Case Study - Simultaneous Equation Method 11:33
73 Case Study - Repeated Distribution Method 21:36
74 Case Study - Trial and Error Method 19:39
--- 5. Standard Costing Techniques
75 Introduction 02:56
76 Standardd Cost Definition 02:56
77 Setting up of Standard Cost 04:13
78 Standard Costing Definition 02:24
79 Physical Standards 03:24
80 Material Quantity Standards 03:56
81 Labour Time Standards 04:06
82 Overhead Standards 01:22
83 Problems in setting physical standards 06:16
84 Types of Standards 06:01
85 Need for Standard Costing 03:26
86 Process of Setting Standards 01:58
87 Types of Variances 04:42
--- 6. Standard Costing Variances
88 Introduction 02:07
89 Material Cost Variance 04:20
90 Material Price Variance 03:42
91 Material Usage Variance 09:17
92 CS Material Cost Variance 05:58
93 Comprehensive Case Study on Material Cost Variance 11:05
94 MCV more than one material 15:21
95 Comprehensive Case Study MCV 28:59
96 Labour Cost Variance 05:34
97 Labour Rate Variance 01:41
98 Labour Efficiency Variance 09:13
99 Case Study - Labour Cost Variance 06:21
100 Comprehensive Case Study LCV 28:24
101 Overhead Cost Variance 03:23
102 Production Volume Variance 08:17
103 Overhead Expenses Variances 01:33
104 Variable Overhead Cost Variance 04:02
--- 7. Operating Costing
105 Introduction 04:23
106 Case Study - Composite Units 06:20
107 Case study - bus fare 17:42
108 Case Study - Cost per absolute ton km 19:00
109 Cost Sheet - under Operating Costing 02:20
110 Case Study - Evaluation of facilities 12:16
--- 8. Marginal Costing
111 Introduction 01:17
112 Direct Costing 01:00
113 Diff b/w Marginal and Direct Costing 01:59
114 Differential Cost 01:02
115 Diff b/w Marginal and Differential Costing 02:30
116 Diff b/w Variable and Fixed Cost 04:21
117 Semi Variable Cost 02:20
118 Marginal Cost Sheet Format 02:55
119 Marginal Cos Equation 00:51
120 Absorption Costing Format 01:11
121 Diff b/w Marginal and Absorption Costing 03:32
122 Contribution 00:58
123 Profit or loss and Contribution 01:42
124 Decision making Indicators of Marginal Costing 00:30
125 PV Ratio 03:19
126 Indifference Point 03:48
127 Diff between IDP and BEP 01:31
128 Shut Down Point 02:50
129 Case Study on Segregation of Fixed and Variable Cost 06:13
130 Case Study on Break Even Point 07:41
131 Case Study on Compuation of Sales for Desired Profits 05:01
132 Case Study on PVR and BEP 11:31
133 Computation of Price Volume Ratio and BEP 12:14
134 Case Study of Marginal Costing Basic Computations 16:47
135 Case Study on Profit Volume Ratio and BEP 12:05
136 Finding Fixed Cost, PVR and Sales 10:18
137 Marginal Cost Sheet and VC Interpretation 13:27
Final Exam - Cost Accounting  
Eligibility Criteria
This course is ideal for cost accounting students and executives, accounting professionals, finance executives, MBA students and B.COM,BBA,CA,CMA,CS,CFA,CPA,CIMA Students.
Ratings & Reviews
Mr. PRATIKKUMAR DHANSUKHBHAI TANDEL
Engineer, ISGEC Hitachi Zosen Ltd
Good basic concepts and step by step learning
Aleksandar Drenovac
The course is great, really comprehensive, with very broad areas of Cost Accounting and valuable examples.
Harini
Very helpful, Awesome course
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Course Expert
Mr. N Raja CA
Mr. N Raja CA
A Practicing Chartered Accountant with tonnes of passion for teaching. He also holds a PGDBA - Finance from Symbiosis SCDL and a B.Com., from Loyola College, Chennai.

He has worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which he started his own CA Practice. During the stint in SBI, he gained good experience in Mid Corporate Credit Analysis, Project Finance, Risk Assessment, etc.

He has handled various sessions on
a) Project Finance
b) Credit Risk Assessment
c) Entrepreneurship Development
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All batches are currently full