Cost Accounting- Paper-VI
Categories: Accounting, Degree 3rd Year
Course Content
Chapter-1 Cost Accounting and Cost Accountant
Cost Accounting: Definition, Differences with Financial Accounting, Management Accounting; Cost-Benefit Approach in Decision Making; Different Costs for Different Purposes, Organization Structure and the Cost Accountant; Cost Accounting as a Profession and Professional Ethics.
Chapter-2 An Introduction to Cost Terms and Purposes:
Costs and Cost Terminology–Direct Costs and Indirect Costs, Factors Affecting Direct/Indirect Cost Classifications; Cost-Behvior Patterns: Variable Costs and Fixed Costs, Cost Drivers, Relevant Range; Relationships of Types of Costs, Total Costs and Unit Costs; Types of Inventory in Manufacturing, Merchandising-, and Service-Sector Companies; Commonly Used Classifications of
Manufacturing Costs (Inventoriable Costs and Period Costs); Prime Costs and Conversion
Costs, Different Meanings of Product Costs; A Framework for Cost Accountin
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Class Brief
00:00 -
Class-1 Requirements 1-12
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Class-2 Requirements 13-16
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Class-3 Requirements 17-20
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Class-4 Requirements Extra
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Chapter-3 Materials
Direct and Indirect Materials, Procurements of Materials, Storage of Material. Materials Record, Methods of Valuing Material Issues, Planning Material Requirements, Stock levels, EOQ, Safety Stock, Materials Control, Stock Verification and Adjustment.
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Class Brief
00:00 -
Class-1 Requirements 1-7
00:00 -
Class-2 Requiremenets 8-14
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Class-3 Requirements 15-22
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Class-4 Requirements 23-30
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Chapter-5 Labor
Measuring Labor Costs, Overtime Premium and Idle Time, Labor Cost Control, Method of Remuneration, Incentive Plans, Calculation of labor cost, Recording of labor cost.
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Class Brief
12:58 -
Class-1 Requirements 1-4
16:31 -
Class-2 Requirements 5-8
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