COST ACCOUNTING
Class XI / Subject Code - 823
Cost Accounting today is a niche career for enthusiasts. For the beginners, it is the first step
towards understanding the approach to managerial accounting that involves the cost, budget
and profitability of numerous types of products, services and activities. Students should
discover the challenges and identify themselves with a career that provides them with
tremendous opportunities, both within the country and abroad.
Course Objective
Cost accounting is primarily used as a decision-making tool for individuals in charge of
business operations. Managers use standardized methods to control cost in order to meet the
desired level of profitability. Students learn about pricing, budgeting, and performance analysis
to determine overall success based on predetermined objectives.
Career Opportunities:
Students will acquire sound knowledge of concepts, procedures, and practices in the related field later they
will be able to manage cost accounting procedures & methods. Students will be able to perform several
tasks in respective field along with presentation skills.
Instructor
Courses in cost accounting may be offered alone or as part of undergraduate and graduate
programs in accounting, management or business administration.
- E-learning & Onsite classes
- A 'Workshop' class
- Industrial Visit
- Certificate of Completion
Course Content
Session 1: Introduction To Cost Accounting
Session 2: Fundamentals Of Cost, Its Elements And Classification
Session 3: Methods, Techniques And Systems Of Costing
Session 2: Fundamentals Of Cost, Its Elements And Classification
Session 3: Methods, Techniques And Systems Of Costing
Session 1: Introduction To Material
Session 2: Material Control (Planning, Purchase, Receipt, Inspection And Storage)
Session 3: Valuation Of Materials
Session 2: Material Control (Planning, Purchase, Receipt, Inspection And Storage)
Session 3: Valuation Of Materials
Session 1: Meaning Of Direct Labour
Session 2: Labour Remuneration
Session 3: Incentive Plans According To Various Wage Methods
Session 4: Labour Turnover And Direct Expenses
Session 2: Labour Remuneration
Session 3: Incentive Plans According To Various Wage Methods
Session 4: Labour Turnover And Direct Expenses
Session 1: Classification Of Overheads
Session 2: Different Items Of Overheads In Cost Accounting
Session 2: Different Items Of Overheads In Cost Accounting
Session 1: Introduction And Stages Of Overhead Distribution
Session 2: Apportionment And Re-Apportionment Of Overheads
Session 3: Absorption Of Overheads
Session 4: Under Or Over Absorption Of Overheads
Session 2: Apportionment And Re-Apportionment Of Overheads
Session 3: Absorption Of Overheads
Session 4: Under Or Over Absorption Of Overheads