Basics of Costing
- Welcome Lecture
- Introduction to Basic Cost Concepts
- Costing, Cost Accounting and Accountancy
- Objectives of Cost Accounting
- Difference between Cost Control and Cost Reduction
- Scope of Cost Accounting
- Difference between Managment Accounting and Cost Accounting
- Roles and Functions of Cost and Management Accounting
- Users of Cost and Management Accounting Information
- Essentials of good cost accounting system
- Difference between Cost Accounting and Financial Accounting.
- Installation of Cost Accounting System
- Impact of Information Technology on Cost Accounting
- What are Cost Objects?
- What are Cost Drivers?
- Responsibility Centres
- What are Cost Units?
- Limitations of Cost Accounting
- Classification of cost based on Nature or Element
- Functional Classification of Cost
- Cost classification based on Variability / Behaviour
- Cost classifcation based on Controllability
- Cost classification based on Normality
- Cost Classifications
- Cost classification based on Time Period
- Cost classifications based on Behaviour
- Committed Fixed Cost and Discretionary Fixed Cost
- Cost classification on the basis of element
- Cost classification based on Relationship
- cost classification based on controllability
- Cost classification based on Normality
- cost classification based on attributability
- Cost classification based on relevance to decision making
- cost classification on the basis of cause and effect relationship
- cost classification on the basis of payment
- cost classification on the basis of function
- What is Opportunity Cost?
- cost sheet introduction
- cost classifcation for cost sheet
- Simple cost sheet
- Comprehensive cost sheet
- Cost Sheet Case Study 1
- Cost Sheet Case Study 2
- Cost Sheet Case Study 3
- Cost Sheet Case Study 4
- Cost Sheet Case Study 5
- Cost Sheet Case Study 6 Simultaneous Equation
- Cost Sheet Case Study 7 Find Selling Price per unit
- Practice Problems - Cost Sheet - Case study
- Practice Problems Cost Sheet - Case study
Material Costing
- Introduction to Material Costing
- objectives of material cost controlling
- Requirements of Material cost control
- elements of material cost control
- techniques of material cost control
- Decision making in material purchases
- Material purchase procedure
- supplier selection procedure
- Supplier payment procedure
- Just in Time Purchases
- ABC Analysis
- ABC Analysis Case Study 1
- ABC Analysis Case Study 2
- Valuation of Material Receipts
- Valuation of Material Case Study 1
- Valuation of Material Case Study 2
- Why Storeage of Materials are important and what are Duties of Store Keeper?
- What are Bin Cards?
- What are Stock Control Cards?
- What are Stores Ledgers?
- Difference between Bin Card and Stores Ledger
- Inventory Control
- Settting of Various Stock Levels
- Re-Order Quantity
- Re-Order Level
- Calculation of EOQ Case Study 3
- Calculation of EOQ and Total Variable Cost Case Study 4
- Evaluation of Exisiting Policy and EOQ Case Study 5
- Evaluation of Discount Offer and EOQ Case Study 6
- Calculation of EOQ Case Study 7
- Calculation of Stock Levels Case Study 8
- Calculation of Stock Levels Case Study 9
- Evaluation of Discount Offer and EOQ Case Study 10
- Calculation of Stock Levels and Danger Level Case Study 11
- Techniques of Inventory Control
- ABC Analysis
- Two Bin System
- Estabishment of System of Budgets
- Other Techniques of Inventory Control
- Application of ABC Inventory Control System Case Study 12
- Application of ABC Inventory Control System Case Study 13
- Case Study - Calculate Sales, SP/Unit and Margin of Safety Sales
- Case Study - Calculate Sales Volume and Margin of Safety
- Case Study - Computation of Break Even Point
- Case Study - Calculate Sales Revenue required to achieve Quarterly Profit
- Case Study - Break Even Point in Units
- Case Study PV Ratio, Fixed Cost and Sales required to earn a given profit
- Case Study Break Even Sales, PV Ratio , Units to be sold for achieving given EBI
