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
Class Brief
10:57
Class-1 Requirements 1-12
00:00
Class-2 Requirements 13-16
00:00
Class-3 Requirements 17-20
00:00
Class-4 Requirements Extra
00:00
Chapter-3 Cost Behaviour Analysis
Basic Assumptions and Examples of Cost Functions, Identifying Cost Drivers, Cost Estimation Methods: Industrial Engineering Method, Conference Method, Account Analysis Method, and Quantitative Analysis Method; Steps in Estimating a Cost Function Using Quantitative Analysis, High-Low Method, Regression Analysis Method, Evaluating Cost Drivers of the Estimated Cost Function, Nonlinear Cost Functions, Data
Collection and Adjustment Issues.
Class Brief
00:00
Class-1 Requirement 1-5
00:00
Class-2 Requirements 6-9
00:00
Chapter-4 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.
