COST ACCOUNTING
Class XII / 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: Basics of Single or Output Costing
Session-2: Components of Cost and Treatment For Stock & Scrap
Session-3: Cost Sheet Approach for Output Costing
Session-4: Production Account Approach for Output Costing
Session-2: Components of Cost and Treatment For Stock & Scrap
Session-3: Cost Sheet Approach for Output Costing
Session-4: Production Account Approach for Output Costing
Session-1: Introduction to Job Costing
Session-2: Job Costing Procedure
Session-3: Introduction, Nature, and Uses of Batch Costing
Session-2: Job Costing Procedure
Session-3: Introduction, Nature, and Uses of Batch Costing
Session-1: Introduction to Contract Costing
Session-2: Specific Aspects of Contract Costing
Session-3: Treatment of Profits or Loss on Contracts Account
Session-2: Specific Aspects of Contract Costing
Session-3: Treatment of Profits or Loss on Contracts Account
Session-1: Meaning of Process Costing
Session-2: Process Costing Procedure
Session-3: By-products and Joint Products
Session-2: Process Costing Procedure
Session-3: By-products and Joint Products
Session-1: Basics of Operating or Service Costing
Session-2: Transport Costing
Session-3: Power House and Canteen Costing
Session-2: Transport Costing
Session-3: Power House and Canteen Costing
Session-1: Meaning, Need, and causes of Disagreement between Cost Accounts and Financial Accounts
Session-2: Methods of Reconciliation of Costing and Financial Profit
Session-2: Methods of Reconciliation of Costing and Financial Profit