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

    BY
    Udemy

    Learn the fundamentals and advanced principles of cost accounting from the ground up to become a professional CA, CS, or CMA.

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    Mode

    Online

    Fees

    ₹ 2499

    Quick Facts

    particular details
    Medium of instructions English
    Mode of learning Self study
    Mode of Delivery Video and Text Based

    Course overview

    The Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ certification course, developed by Raja Natarajan - B.Com., PGDBA & Chartered Accountant and delivered by Udemy, which is designed for individuals who experience difficulties comprehending the functionalities of various cost accounting concepts such as standard costing, overheads costing, marginal costing, material costing, and operating costing, contract costing, job costing, batch costing, and labor costing. The Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ online course is a detailed course that focuses on providing individuals with practical knowledge of both fundamental and advanced cost accounting principles.

    Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ online classes begins with the fundamental principles, theories, and methodologies of cost accounting and advances to more advanced topics such as activity-based costing, by-products, joint products, and integrated accounts. Individuals will be able to answer numerous cost accounting case studies with ease and confidence by the end of this training program and will be able to apply their skills and knowledge to become professionals such as CA, CS, ACCA, and CMA.

    The highlights

    • Certificate of completion
    • Self-paced course
    • 38 hours of pre-recorded video content
    • 1 article
    • 77 downloadable resources
    • Case studies
    • 30-day money-back guarantee 
    • Unlimited access
    • Accessible on mobile devices and TV

    Course and certificate fees

    Fees information
    ₹ 2,499
    certificate availability

    Yes

    certificate providing authority

    Udemy

    What you will learn

    After completing the Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/ online certification, individuals will gain a thorough understanding of the fundamentals of cost accounting. Individuals will learn about cost classification procedures and get a grasp of cost units, cost objects, and cost drivers. Individuals will learn about activity-based costing, process costing, operating costing, overheads costing, labor costing, material costing, contract costing, standard costing, marginal costing, job costing, and batch costing, among other types of costs. Individuals will also learn about standard costing variance, non-integrated accounts, joint products, by-products, budgeting, and budgetary control procedures.

    The syllabus

    Basic of Costing

    • Welcome Lecture
    • 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 Management 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 classification 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 classification 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 Storage of Materials are important and what are the Duties of Store Keeper?
    • What is Bin Cards?
    • What is Stock Control Cards?
    • What are Stores Ledgers?
    • Difference between Bin Card and Stores Ledger
    • Inventory Control
    • The setting 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 Existing 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
    • Establishment 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 Evaluation 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
    • Labor turnover due to new recruitment
    • Causes of Labour Turnover
    • Effects of Labour Turnover
    • Steps available for minimising labour turnover
    • Practice problem -Treatment of Idle Time Cost & Overtime Premium
    • Practice Problem - Treatment of Overtime Premium
    • Labour Costing Practice Problem 3
    • Labour Costing Practice Problem 4
    • Labour Costing Practice Problem 5

    Overheads Costing

    • Introduction to 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 Control 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
    • Standard 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

    Standard Costing Variances

    • Introduction to Standard Costing Variances
    • Material Cost Variance
    • Material Price Variance
    • Material Usage Variance
    • CS Material Cost Variance
    • Comprehensive Case Study on Material Cost Variance
    • MCV more than one material
    • Comprehensive Case Study MCV
    • Labour Cost Variance
    • Labour Rate Variance
    • Labour Efficiency Variance
    • Case Study Labour Cost Variance
    • Comprehensive Case Study LCV
    • Overhead Cost Variance
    • Production Volume Variance
    • Overhead Expenses Variances
    • Variable Overhead Cost Variance
    • Variable Overhead Cost Variance - Case Study
    • Fixed Overhead Cost Variance - Part 1
    • Fixed Overhead Cost Variance - Part 2
    • Fixed Overhead Cost Variance - Part 3
    • Case Study - Fixed Overhead Cost Variances
    • Case Study 2 - Fixed Overhead Cost Variances
    • Comprehensive Case Study - Fixed & Variable Overhead Variance

    Operating Costing

    • Introduction to Operating Costing
    • Case Study - Composite Units
    • Case study bus fare
    • Case Study Cost per absolute ton km
    • Cost Sheet under Operating Costing
    • Case Study evaluation of facilities
    • Costing for Transport Services Case Study
    • Costing for Financial Institutions - Case Study
    • Costing for Power Houses - Case Study
    • Costing for Hotels and Lodges Case 2

    Process & Operating Costing

    • What is Process Costing?
    • Basic features of Process Costing
    • Process Costing Procedure
    • Operation Costing
    • Case 1 Process Costing
    • Treatment of Normal Process Loss
    • Treatment of AbNormal Process Loss
    • Treatment of AbNormal Process Gain
    • Case 2 Process costing with Normal Loss, Abnormal Loss & Gain
    • WIP Valuation & Equivalent Production
    • Equivalent Production & Computation Steps
    • Equivalent Production- Case study
    • Equivalent Production- Case study-2
    • Equivalent Production Units Computation
    • Equivalent Production (Subsequent Process - FIFO)
    • Equivalent Production (First Process - FIFO)
    • Average Cost Method
    • Equivalent Production - Average Cost Case study

    Budget and Budgetary Control

    • Budget and Budgetary Control
    • Characteristics of Budget
    • Objectives of Budgeting
    • Meaning of Budgetary Control and its Salient Features
    • Objectives of Budgetary Control System
    • Working of Budgetary Control System and responsibilities of Budget Officer
    • Advantages and Limitations of Budgetary Control
    • Components of Budgetary Control System
    • Preparation of Budgets
    • Different Types of Budgets
    • Fixed Budgets
    • Flexible Budget, features, merits, and demerits
    • Suitability for Flexible Budget
    • Difference between Fixed and Flexible Budget
    • Case 1 Flexible Budget Recovery Rate per Hour
    • Case 2 Flexible Budget (Total Cost Budget)
    • Case 3 Flexible Budget and Deviation from Planned Budget
    • Case 4 Flexible Budget under Incremental Price

    Marginal Costing

    • Introduction to Marginal Costing
    • Direct Costing
    • Difference between Marginal Costing and Direct Costing
    • Differential Cost
    • Difference between Marginal and Differential Costing
    • Difference Between Variable and Fixed Cost
    • Semi Variable Cost
    • Marginal Cost Sheet Format
    • Marginal Cost Equation
    • Absorption Costing Format
    • Difference between Marginal Costing and Absorption Costing
    • Contribution
    • Profit or loss and Contribution
    • Decision-making Indicators of Marginal Costing
    • PV Ratio
    • Indifference Point
    • Difference between Indifference Point and Break-Even Point
    • Shut Down Point
    • Case Study on Segregation of Fixed and Variable Cost
    • Case Study Break-Even Point
    • Case Study on Computation of Sales for Desired Profits
    • Case Study on Profit Volume Ratio and Break-Even Point
    • Computation of Price Volume Ratio and BEP
    • Case Study Marginal Costing Basic Computations
    • Case Study Profit Volume Ratio and BEP
    • Finding Fixed Cost, PVR, and Sales
    • Marginal Cost Sheet and VC Interpretation
    • Practice Problems Break-Even Point Case Study
    • Practice Problems Evaluation of Material cost of Two Sources
    • Practice Problems Marginal Costing Case Study

    Contract Costing

    • Contract Costing - Meaning and Features
    • Recording of Contract Costs
    • Meaning of Terms used in Contract Costing
    • Computation of Estimated Profit Case Study 1
    • Profit / Loss on Incomplete Contracts
    • Cost Plus Contract
    • Preparation of Contract Account Case Study 2
    • Preparation of Contract Account Case Study 3
    • Comprehensive Case Study on Contract Account
    • Computation of Estimated Profit under various methods Case Study 4
    • Calculation of admissible Escalation Claim Case Study 5
    • Preparation of Contract Account and Calculation of Estimated Profit Case Study 6

    Joint Products & By Products

    • What are Joint Products and By-Products?
    • Meaning of Joint Products and By-Products
    • Apportionment of Joint Costs
    • Methods of Apportioning Joint Cost over Joint Products
    • Physical Unit Method of apportioning joint cost over joint products
    • Case 1 Physical Unit Method
    • Average Unit Cost Method
    • Case 2 Average Unit Cost Method for Apportionment of Joint Cost
    • Survey Method for Apportionment of Joint Cost
    • Contribution Margin Method for Apportionment of Joint Cost
    • Case 3 Contribution Margin Method for Apportionment of Joint Cost
    • Market Value Method for Apportionment of Joint Cost
    • Case 4 Apportionment of Joint Cost under different methods
    • Methods of Apportioning Joint Cost over By-Products
    • Treatment of By-Products Cost in Cost Accounting
    • Case 5 Preparation of Income forecast statement and suggest production plan

    Non Integrated Accounts

    • Introduction to Non-Integrated Accounts
    • Important Ledgers under Non-Integrated Accounting in Cost Department
    • Principal Accounts under Non-Integrated Accounting Part I
    • Principal Accounts under Non-Integrated Accounting Part 2
    • Scheme of Accounting Entries under Non-Integrated Accounting Part 1
    • Scheme of Accounting Entries under Non-Integrated Accounting Part 2
    • Case 1 Non-Integrated Accounts Journal Entries, Ledger and Trial Balance
    • Case 2 Preparation of condensed P&L Statement and supporting schedules
    • Case 3 Preparation of Ledger as per Integrated Accounting System
    • Integral Accounting System and its Advantages
    • Essential Pre-requisites for Integral Accounting System
    • Features of Integral Accounting System
    • Case 4 Journal Entries under Integrated Accounting System
    • Case 5 Journal Entries under Integrated Accounting System
    • Case 6 Ledger and Trial Balance under Integrated Accounting System
    • Reconciliation of Cost and Financial Accounts
    • Items included in Financial Accounts but not in Cost Accounts and Vice Versa
    • Procedure for reconciliation & circumstances when reconciliation can be avoided
    • Case 7 Calculation of Profit as per Cost and Financial Accounts & Reconciliation
    • Case 8 Calculation of Profit as per Cost and Financial Accounts & Reconciliation

    Job Costing and Batch Costing

    • Methods of Costing
    • Meaning of Job Costing
    • Principles and Process of Job Costing
    • Suitability of Job Costing
    • Format of Job Cost Sheet
    • Difference between Job Costing and Process Costing
    • Accounting for Materials - (Procedure for Job Costing)
    • Accounting for Labour - (Procedure for Job Costing)
    • Accounting for Overheads - (Procedure for Job Costing)
    • Treatment of Spoiled and Defective Work - (Procedure for Job Costing)
    • Entries in Control Accounts
    • Case 1 Journal Entries in Cost Accounting
    • Case 2 Preparation of Job Cost Sheet
    • Case 3 Preparation of Factory Cost Statement and Invoice Price of Job
    • Meaning of Batch Costing
    • Case 4 Calculation of Cost and Profit per piece of each batch
    • Case 5 Preparation of Statement of Cost under Batch Costing
    • Economic Batch Quantity
    • Case 6 Determination of Economic Batch Quantity
    • Case 7 Calculation of EBQ and Minimum Inventory Holding Cost
    • What is Job Costing & Batch Costing
    • Time of Stamping of Documents
    • Economic Batch Quantity case study 1
    • Economic Batch Quantity case study 2
    • Economic Batch Quantity case study 3
    • Batch Costing - Computation of Selling price per batch - Case Study
    • Batch Costing - Computation of Selling price per batch - Case Study

    ABC Costing

    • Introduction to Activity Based Costing
    • Factors for development of ABC & its Suitability
    • Meaning and Definition of ABC
    • Activity-Based Costing & Traditional Absorption Costing Case Study 1
    • Activity-Based Costing Case Study 2
    • Cost Allocation under Traditional Costing & Activity Based Costing
    • Activity-Based Costing Case Study 3
    • Activity-Based Costing Case Study 4

    Final Section

    • Bonus Lecture

    Instructors

    Mr Raja Natarajan

    Mr Raja Natarajan
    instructor
    Freelancer

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