Certificate in Cost Accountancy

BY
Vskills

Get skilled in entrepreneur and finance fields by learning Certified Course in Cost Accountancy by Vskills.

Mode

Online

Fees

₹ 3499

Quick Facts

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

Course overview

This course Certified Course in Cost Accountancy by V skills, tests the talents of the candidates in various fields like labour costs, cost concepts, profit-volume-cost analysis, single and marginal costing, analysis of overhead, materials, and cost classification. The candidates can find employment in various departments like costing, finance and taxation. This certificate would make their CV look stronger than the other co-workers.

This certified course covers various important parameters of workers like overtime, incentive scheme, management of losses, budget, cost audit and statements regarding finance. Various Companies in the public and private sector units need certified cost accountant.

The highlights

  • Lifelong access
  • Lifetime valid certificate
  • Certified by Government 
  • Free practice tests
  • Tag as ‘V Skills certified’ in monsterindia.com
  • Tag as ‘V Skills certified’ in shine.com
  • Take Exam Anytime, anywhere
  • Hard Copy & Soft Copy lessons 
  • Video study materials

Program offerings

  • Practice tests

Course and certificate fees

Fees information
₹ 3,499

The price of the programme is Rs.3,499.

Fee Structure

Fee category

Amount in Rupees

Registration 

Rs.3,499

certificate availability

Yes

certificate providing authority

Vskills

Who it is for

The Cost Accountancy Certified course by V skills is specially designed for

  • Housewives
  • Retired Professionals
  • Employers
  • Businessmen
  • Employees
  • Teachers
  • Students

Eligibility criteria

Certification Qualifying Details

The candidate must score a minimum mark of 25 out of 50 to avail certificate. In other words, 50 per cent marks have to be scored to get certified.

What you will learn

Financial management

On completing the Cost Accountancy Certified Course by V skills the candidate would learn the following things:

  • Appointment of Auditors and Various Auditing Programmes 
  • Working on multiple costing methodologies
  • Concepts involved in Budget schemes
  • Gain knowledge on numerous Financial schemes

The syllabus

Introduction to Cost and Management Accounting

  • Concepts of Cost
  • Costing, Cost Accounting and Cost Accountancy
  • Objectives of Cost Accounting
  • Importance of Cost Accounting
  • Scope of Cost Accounting
  • Classification of Costs
  • Cost Centre and Cost Unit
  • Methods of Costing
  • Techniques of Costing
  • Installation of a Costing System
  • Difference between Financial Accounting and Cost Accounting
  • Difference between Financial Accounting and Management Accounting

Material Cost

  • Inventory Control (Material Control)
  • Objectives of Inventory Control
  • Techniques of Inventory Control
  • Store-Keeping
  • Functions of Store-Keeping
  • Method of Pricing of Material Issues
  • Accounting of Material Losses
  • Control of Material Losses
  • Inventory Management

Labour Cost

  • Introduction to Labour Cost
  • Classification of Labour Cost
  • Accounting and Control of Labour Cost
  • Time Recording
  • Time-Keeping
  • Time Keeping
  • Overtime
  • Idle Time
  • Labour Turnover
  • Labour Remuneration System
  • Basic Methods of Remuneration System
  • Incentive schemes

Direct Expenses and Overheads

  • Direct expenses
  • Indirect expenses
  • Overheads
  • Collection of Overheads
  • Classification of Overheads
  • Allocation and apportionment of overheads (depart-metallization of overheads)
  • Allocation of Overheads
  • Apportionment of Overheads
  • Absorption of overheads
  • Methods of Absorbing Production Overheads
  • Over or Under Absorption Of Overheads
  • Treatment of Factory Overheads
  • Treatment of Administrative Overheads
  • Treatment of Selling And Distribution Overheads
  • Control of Overheads
  • Preparation of Cost Sheet

Activity Based Costing

  • Introduction
  • Meaning of Activity Based Costing
  • Basics of Activity Based Costing
  • Distinction Between Traditional Absorption Costing and Activity Based Costing
  • Objectives of Activity Based Costing
  • Terminology of Activity Based Costing
  • Stages in Developing Activity Based Costing System
  • Different Types of Activities

Cost Records

  • Introduction
  • Non-Integrated Accounting System
  • Advantages of Non-Integrated Accounting
  • Limitations of Non-Integrated Accounting
  • Integrated (Integral) Accounting System
  • Need For Reconciliation
  • Causes of Differences
  • Preparation of Reconciliation Statement or Memorandum Reconciliation Account

Costing Systems

  • Introduction
  • Single/Output/Unit Costing
  • Cost Sheet
  • Job Costing
  • Batch Costing
  • Contract Costing
  • Process Costing
  • Service Costing

Marginal Costing

  • Features of Marginal Costing
  • Advantages of Marginal Costing
  • Limitations of Marginal Costing
  • Break-Even Analysis/Cost-Volume Profit Analysis
  • Uses of Cost-Volume-Profit Analysis
  • Contribution
  • Marginal Cost Equation
  • Profit-Volume Ratio
  • Margin of Safety
  • Methods For Determining Break Even Points
  • Applications of Marginal Costing
  • Composite Break Even Point
  • Absorption Costing
  • System of Profit Reporting

Standard costing

  • Introduction
  • Definition and Meaning
  • Applications of Standard Costing
  • Various Types of Standards
  • Standard Costing System
  • Variance Analysis
  • Material Cost Variances
  • Material Usage Variance
  • Material Mix Variance
  • Materials Yield Variance
  • Overhead Cost Variances
  • Variable Overhead Variance
  • Fixed Overhead Variance

Budget, Budgeting and Budgetary Control

  • Budget
  • Budgeting
  • Budgetary Control
  • Forecast and Budget
  • Zero Base Budgeting

Cost Accounting Records and Cost Audit

  • Cost Audit
  • Purpose of Cost Audit
  • Advantages of Cost Audit
  • Appointment of Cost Auditor
  • Rights and Responsibilities of Cost Auditor
  • Implementing Authorities of Cost Audit
  • Cost Audit Techniques
  • Cost Audit Programme
  • Cost Audit Report

Analysis and Interpretation of Financial Statements

  • Financial Statements
  • Importance of Financial Statements
  • Analysis of Financial Statements
  • Types of Financial Statement Analysis
  • Methods of Analyzing Financial Statements
  • Ratio Analysis
  • Uses of Ratio Analysis
  • Classification of Ratios

Admission details

The registration process of Cost Accountancy Certified course by V skills is given below:

Step 1: Visit the course webpage.

Step 2: Click ‘buy now.

Step 3: Enter your mail ID and enter the password.

Step 4: Enter your V skills account details.

Step 5:  Click ‘REGISTER’.

Step 6: Enter the necessary payment details and continue.

Step 7: Finally, Confirm the Order.

Evaluation process

The Cost Accountancy Certified course by V skills has a test, it is an online exam. The total duration of the test is 60 minutes and the number of questions asked will be 50. There will be no negative score.

How it helps

This Cost Accountancy Certified course by V skills would increase the employability of the candidates. As the certificate is approved by the government this course has more value than other courses in the market. This course provides an excellent chance to enhance the quality of professional skills and career qualifications of the participants. It improves the skills to the candidates that are expected in the industry.

The CVs of the certified participants are shared with the Industries for the employment of participants. The participant has to appear for the test within one year starting from registration date, so the participant can take the test on his/her own time. This certification gives a wonderful opportunity for the candidates to get certified in the domain where the participants are not educated.

FAQs

What is the duration of the programme?

There is no specific duration for the course but the candidate should take-up the test within one year of registration.

What type of study material is provided?

Soft copy, Hard copy and online videos of study materials are provided to the candidates.

Are the study materials enough for the exam?

Yes, the participant can also go through supplement materials and other practice tests for further reference.

How many days does it take for the candidate to receive the material?

A hard copy of study material would reach within 7 to 10 days and the soft copies of study material are available right from the time of registration.

What are the minimum and maximum limits required to complete this course?

The maximum limit is 1 year but there is no minimum limit.

What is the duration of the exam?

The duration of the exam is 60 minutes.

What is the passing percentage?

50% is the pass percentage. The candidate has to score 25 marks out of 50 to pass the exam.

How many attempts are given for a certification exam?

Only one attempt is given for an exam.

Can the candidate take two or more certification exams at one time?

Yes the candidate can take-up more than two exams at the same time.

Can the participant reschedule the exam?

Yes, the candidate can reschedule the examination.

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