Cost Accounting - A Comprehensive Study Premium class

Ca Raja Natarajan, Chartered Accountant

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79 Videos (5h 53m)
    • Introduction to Basic Cost Concepts

      4:59
    • Costing, Cost Accounting and Accountancy

      2:32
    • Objectives of Cost Accounting

      4:08
    • Difference between Cost Accounting and Financial Accounting.

      5:09
    • Difference between Managment Accounting and Cost Accounting

      3:04
    • Cost Classifications

      2:21
    • Cost classification based on Time Period

      2:31
    • Cost classifications based on Behaviour

      2:52
    • Committed Fixed Cost and Discretionary Fixed Cost

      4:07
    • Cost classification on the basis of element

      2:23
    • Cost classification based on Relationship

      1:31
    • cost classification based on controllability

      2:03
    • Cost classification based on Normality

      2:01
    • cost classification based on attributability

      1:13
    • Cost classification based on relevance to decision making

      5:21
    • cost classification on the basis of cause and effect relationship

      2:04
    • cost classification on the basis of payment

      3:19
    • cost classification on the basis of function

      5:00
    • cost sheet intro

      2:33
    • cost classifcation for cost sheet

      2:22
    • Simple cost sheet

      4:05
    • Comprehensive cost sheet

      6:53
    • Introduction to Material Costing

      5:59
    • objectives of material cost controlling

      2:21
    • Requirements of Material cost control

      5:57
    • elements of material cost control

      1:22
    • techniques of material cost control

      1:56
    • Decision making in material purchases

      1:24
    • Material purchase procedure

      3:15
    • supplier selection procedure

      2:45
    • Supplier payment procedure

      1:58
    • Just in Time Purchases

      4:01
    • ABC Analysis

      5:45
    • Introduction to Labour Costing

      2:46
    • Difference between Direct and Indirect Labour Cost

      2:23
    • Labour Cost Control

      2:00
    • Roles of Departments in Controlling Labour Cost

      4:01
    • Factors Controlling Labour Cost

      5:38
    • Collection of Labour Cost

      2:34
    • Time Keeping

      4:02
    • Traditional Methods of Time Keeping

      5:14
    • Mechanical Time Keeping

      8:02
    • Requisites of Good Time Keeping System

      2:52
    • Time Booking

      7:04
    • Reconciliation Gate Card and Job Card

      2:38
    • Objectives of Time Keeping

      2:02
    • Payroll Procedure

      3:27
    • Idle Time

      7:05
    • Overtime Premium

      5:39
    • Effects of OT on Productivity

      2:20
    • Steps for Controlling Overtime

      3:10
    • Labour Turnover

      4:30
    • Labour turnover due to new recruitment

      4:45
    • Causes of Labour Turnover

      6:27
    • Effects of Labour Turnover

      3:57
    • Steps available for minimising labour turnover

      2:54
    • Introduction to Overheads Costing

      3:56
    • Overheads Classification

      2:58
    • Overhead by Functions

      6:33
    • Overheads by Nature

      4:47
    • Overheads by Element

      4:52
    • Overheads by Controllability

      2:14
    • Advantages of classification of fixed and variable expenses

      9:02
    • Accounting and Cotnrol of Manufacturing Overheads

      3:52
    • Case Study on Direct Distribution Method

      13:54
    • Introduction to Standard Costing Techniques

      2:55
    • Standardd Cost Definition

      2:55
    • Standard Costing Definition

      2:23
    • Physical Standards

      3:23
    • Material Cost Variance

      4:19
    • Material Price Variance

      3:41
    • Material Usage Variance

      9:16
    • CS Material Cost Variance

      5:57
    • MCV more than one material

      15:20
    • Comprehensive Case Study MCV

      28:58
    • Labour Cost Variance

      5:33
    • Labour Rate Variance

      1:40
    • Production Volume Variance

      8:16
    • Overhead Expenses Variances

      1:32

About This Class

Welcome to Cost Accounting - A Comprehensive Study Course.

Yes! This is a comprehensive course because you are going to learn all the following in this single course:

a) Basics of Costing Accounting (22 Lectures covering Introduction to Costing, Cost Classifications and Cost Sheet)

b) Material costing (11 Lectures covering covering Basics of Material Costing)

c) Labour Costing (23 Lectures)

d) Overheads Costing (18 Lectures)

e) Standard Costing Techniques (13 Lectures)

f) Standard Costing Variances (17 Lectures)

g) Operating Costing (6 Lectures)

h) Marginal Costing(30 Lectures)

Altogether, you get to access 118 Lectures.

So, how this course is relevant for you?

If you a Professional course student in the line of Finance or Accounting, then you would have Cost Accounting as part of your major subject. This course will explain theory and practical concepts in Cost Accounting which will help you to excel in Academic Examinations.

If you are an Accounting or Finance or Cost Accounting Executive, this course will help you to brush up you basics in Cost Accounting and all the contents have immediate practical relevance and application.

With this course, you will be able to understand

-basic concepts and processes used to determine product costs;

-understand Cost Accounting Statements;

-solve simple case studies.This course is structured in self paced learning style.Video lectures were used for delivering the course content.

All the sections of this are also available as individual courses.

If you aspire to gain strong foundation in Cost Accounting, then this course is for you.

Happy Learning and Best Wishes!

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Students

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Project

Ca Raja Natarajan

Chartered Accountant

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam,India. and I teach 100+ Finance, Accounts, Costing, Banking, Credit Analysis, Statistics, etc. in Skillshare.  

I also hold

  1. Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune
  2. Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice.

During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in

a) Financial Analysis

b) Risk Assessment

c) Viability Study

d) Evaluating business models

e) Project Finance

f) Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like

a) Project Finance

b) Credit Risk Assessment

c) Entrepreneurship Development

d) Finance for Non Finance Executives

e) Burning Desire for Entrepreneurship

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.