Cost Accounting

Course Syllabus : for Cost Accounting

• Chapter 1: General Principal – Basic Concepts and Cost Sheet 5 Lectures 3 hrs 28 min
  • 01: Cost Sheet, Cost Accounting, Cost Ascertainment, Cost Control and Reduction, Cost Audit, Factory Overheads, Office and Administration Overheads, Selling and Distribution Overheads, SL Examples Preview48 min
  • 02: Format of Cost Sheet, Gross Factory Costs, Cost of Production, Cost of Goods sold, Cost of sales, Direct Cost, Indirect Cost, Solution of Practical Questions 42 min
  • 03: Expired Cost and Unexpired Cost, Controllable Cost and uncontrollable cost, Relevant Cost and Irrelevant Cost, Opportunity cost, Solution of Practical Questions 45 min
  • 04: Objectives of Cost Accounting, Shut down cost, Sunk cost, Fixed Cost, Variable Cost, Step Cost, Solution of Practical Questions 38 min
  • 05: Cost object, cost unit, cost centre, profit centre, Method of costing, Cost Allocation, Cost apportionment, Solution of Practical Questions 35 min
• Chapter 2: Materials 8 Lectures 5 hrs 35 min
  • 01: Material control, Inspection of raw material, Storage of raw material, Issuing of raw material, Maintenance of inventory records, SL Examples Preview48 min
  • 02: Store keeping cost, Ordering Cost, Obsolescence cost, Level of material, Reorder level, Average stock level, Economic Order Quantity, Solution of Practical Questions 42 min
  • 03: Stock audit, Inventory Carrying Cost, Re-order level, Maximum Stock level, Minimum Stock level, Solution of Practical Questions 38 min
  • 04: Methods of valuing material issue, First in first out (FIFO), Last in fist out (LIFO), Periodic Simple Average, Format of Stock Ledger, SL Examples 45 min
  • 05: Solution on Weighted Average, Solution on Periodic Weighted Average, Solution of Practical Questions 35 min
  • 06: Solution on FIFO, Solution on Simple Average, Solution on Periodic Simple Average, Solution of Practical Questions 42 min
  • 07: Solution on LIFO method, Solution on Average Cost method, Stock Turnover Ratio, Pricing of shortages, Solution of Practical Questions 40 min
  • 08: Purchase Requisition, Purchase order, Periodic Inventory system, Perpetual inventory system, Continuous Stock-taking, Solution of Practical Questions 45 min
• Chapter 3: Direct Labour and Direct Expenses 6 Lectures 3 hrs 57 min
  • 01: Direct Labour, Indirect Labour, Allocation, Factory Overhead, Control over labour Costs, Personnel Department, Time-keeping Department, SL Examples 36 min
  • 02: Engineering And Works Study Department, Pay-master’s Department, Cost Accounting Department, SL Examples 42 min
  • 03: Time Study, Motion Study, Job analysis, Job evaluation, Time-keeping Department, Methods of Job time keeping, Daily time sheet, SL Examples 38 min
  • 04: Weekly time sheet, Job card, Casual workers, Pay-master’s Department, Gross Wages, Under time wage system, Under Piece wage system, SL Examples 35 min
  • 05: Treatment of Holiday pay, Overtime, Measurement of labour turnover, Separation rate method, Replacement method, Solution of Practical Questions 41 min
  • 06: Time wage system, Piece wage system, Individual piece work, Group piece work, Specific incentive plans, SL Examples, Solution of Practical Questions 45 min
• Chapter 4: Overheads – General 4 Lectures 2 hrs 45 min
  • 01: Indirect Material, Indirect Labour, Indirect Expense, Normal Overheads, Abnormal Overheads, Fixed Overheads, Variable Overheads, SL Examples 38 min
  • 02: Factory Overheads, Depreciation of Plant and Machinery, Machine-hour rate method, Diminishing balance method, Solution of Practical Questions 42 min
  • 03: Revaluation method, Office and Administrative Overheads, Selling and Distribution Overheads, Solution of Practical Questions 40 min
  • 04: Replacement Cost Method, Fixed Instalment Method, Machine-hour rate method, Revaluation method, Solution of Practical Questions 45 min
• Chapter 5: Overheads Distribution 8 Lectures 5 hrs 35 min
  • 01: Overheads Distribution, Allocation, Basis of Apportionment, Production Department, Format of Overhead Distribution Summary, SL Examples Preview45 min
  • 02: Service Department, Inter-Departmental Service, Simultaneous Equation Method, Repeated Distribution Method, Solution of Practical Questions 40 min
  • 03: Trial and Error Method, Distribution of Factory Overheads, Percentage Method, Hourly rate method, Solution of Practical Questions 42 min
  • 04: Computation of Machine Hour Rate, Format of Computation of Machine Hour Rate, Golden Concepts, Solution of Practical Questions 38 min
  • 05: Labour hour rate method, Golden Concepts, SL Examples, Solution of Practical Questions 42 min
  • 06: Absorption of Factory Overheads, Percentage Method, Hourly rate method, Golden Concepts, SL Examples, Solution of Practical Questions 45 min
  • 07: Important Formula, Percentage of Direct Labour, Percentage of Material, Percentage of Prime Cost, Solution of Practical Questions 48 min
  • 08: Format of Comparative Cost Statement, Important Formula, Golden Concepts, Solution of Practical Questions 35 min
• Chapter 6: Single or Output Costing 7 Lectures 5 hrs 9 min
  • 01: Historical Cost Sheet, Estimated cost sheet, Computation of Profit, Production account, Job costing, Batch costing, Solution of Practical Questions 50 min
  • 02: Format of Cost Sheet, Stock of Finished Goods, Stock of Work-in-Progress, Solution of Practical questions 45 min
  • 03: Treatment of scrap, Treatment of spoiled and defective work, Golden concepts, Solution of Practical questions 41 min
  • 04: Format of Statement of Cost, Golden Concepts, Solution of Practical questions 42 min
  • 05: Quick Revision, Secret Hints, Solution of Practical questions 38 min
  • 06: Important Questions for Exam, Solution of Practical questions 48 min
  • 07: Important Formula Discuss, Solution of Practical questions 45 min
• Chapter 7: Job, Batch and Contract 5 Lectures 3 hrs 37 min
  • 01: Job, batch and contract costing, Single output costing, Contract A/c, C’EE Personal A/c, Solution of Practical Questions 50 min
  • 02: Format of Contract A/c, Format of Contractee A/c, Golden concepts, Solution of Practical Questions 42 min
  • 03: Format of Balance Sheet, Golden Concepts, Job costing, Solution of Practical Questions 38 min
  • 04: Preparation of Contract A/c, Golden Concepts, Preparation of Contractee A/c, Golden Concepts, Solution of Practical Questions 45 min
  • 05: Important Questions for Exam, Solution of Practical Questions 42 min
• Chapter 8: Process Costing 5 Lectures 3 hrs 20 min
  • 01: Difference between Job costing and Process costing, Golden Concepts, Process A/c, Process Stock a/c, Important Formula, Solution of Practical Questions 45 min
  • 02: Normal Loss A/c, Abnormal Loss A/c, Abnormal Effective A/c, Format of Process A/c, Solution of Practical Questions 42 min
  • 03: Golden Concepts, Define normal loss, Define abnormal loss, define abnormal effective, Steps to prepare A/c, Solution of Practical Questions 38 min
  • 04: Calculation of abnormal wastage, Calculation of abnormal effectives, Solution of Practical Questions 35 min
  • 05: Apportionment of Joint Costs, Cost of Production, Statement of Profitability, Solution of Practical Questions 40 min
• Chapter 9: Operating and Service Costing 4 Lectures 2 hrs 51 min
  • 01: Operating Costing Meaning, Service Costing meaning, Calculation of costing of service sector, Format, Golden Concepts, Solution of Practical Questions 50 min
  • 02: Service sector Transportation, Operating costing statement, Standing Charges, SL Examples, Solution of Practical Questions 48 min
  • 03: Transportation costing, Maintenance and Running Charges, Cost per passenger, Golden Concepts, Solution of Practical Questions 35 min
  • 04: Important questions for exams, Solution of Practical Questions 38 min
• Chapter 10: Reconciliation of Cost and Financial Accounts 7 Lectures 4 hrs 44 min
  • 01: Cost Profit, Financial Profit, Trading and Profit & Loss A/c, Pure Financial Items, Pure Costing Items, Solution of Practical Questions 42 min
  • 02: Valuation of Closing Stock, Methods of Charging Depreciation, Format of Reconciliation Statement, Golden Concepts, Secret Hint, SL Examples 38 min
  • 03: Items included in financial accounts only, Items included in cost accounts only, Important Concepts, Golden Concepts, Solution of Practical Questions 45 min
  • 04: Abnormal gain and Abnormal losses, Important Questions for Exam, Solution of Practical Questions 35 min
  • 05: Format of Memorandum Reconciliation Account, Format of Cost Sheet, Golden concepts Discuss, Solution of Practical Questions 40 min
  • 06: Quick Revision, Format of Trading and Profit & Loss Account, Solution of Practical Questions 38 min
  • 07: Solution of Practical Questions 46 min
• Chapter 11: Budgetary Control 4 Lectures 2 hrs 36 min
  • 01: Master Budget, Cost Budget, Cash Budget, Fixed Budget, Flexible Budget, Functional Budget, Solution of Practical Questions 38 min
  • 02: Purchase Budget, Sales Budget, Factory Overhead Budget, Administration Overhead Budget, Selling & Distribution Budget, Solution of Practical Questions 41 min
  • 03: Production Budget, Capital Expenditure Budget, Plant Utilisation Budget, Format of Raw material Purchase Budget, Solution of Practical Questions 42 min
  • 04: Advantages of Budgetary Control, Direct Labour Budget, Research and Development Budget, Solution of Practical Questions 35 min
• Chapter 12: Marginal or Variable Costing and Break Even Analysis 5 Lectures 3 hrs 34 min
  • 01: Calculation of Profit, Profit Volume Ratio, Important Formula, Variable cost ratio, Break-even point, Formula for Break-even point, Solution of Practical Questions 52 min
  • 02: Output for Desired Profit Formula, Sales for Desired Profit Formula, Golden concepts Discuss, Solution of Practical Questions 48 min
  • 03: Advantages of Break-even point, Limitations of Break-even point, Important Questions Discuss, Golden Concepts, Solution of Practical Questions 41 min
  • 04: Comparative Statement of Profitability, Cash Break-even point, Attention Please, Solution of Practical Questions 35 min
  • 05: Marginal Cost formula, Marginal Costing and Absorption Costing, Comparative Income Statement, Solution of Practical Questions 38 min