Cost Accounting For A Business Oversight

Cost Accounting Fundamentals for Financial Controllers

What you'll learn
Explains the concepts of Cost Accounting and Management Accounting in detail.
Conveys to the Professional Learner the importance of Cost Accounting in a Management Firm.
Concepts behind Cost Ledger Accounts and Control Accounts are explained in detail.
Professional Learner understands the basic concepts of Cost Accounting in a Manufacturing firm, including Direct Materials, Direct Labour and Overheads.
Requirements
Student must have completed a basic course in Principles of Management.
Description
Cost Accounting for a Business Oversight exposes the Professional Learner, Students and Beginners a peek into the fundamentals in Cost Accounting and how it complements the Management Subject area, Management Accounting in a progressive manner.This Course, Cost Accounting for a Business Oversight explains the numerous terms and concepts in Cost Accounting most suitable for Cost Analyst, Financial Controller, Cost Accountant and Financial Manager.This course gives a basic understanding on the differences between Cost and Management Accounting, Cost and Financial Accounting and clearly explains the concepts behind them and gives hints on what to look out for, in a Cost Accounting Process Control.Cost Accounting Subjects are explained and preps the Professional Learner and Students to understand how to apply cost accounting concepts in a Manufacturing Concern, Production Unit wherever, Closing Stock is accounted for.Lectures on Cost Accounting Ledgers reveal the different Ledgers used in Cost Accounting along with explanations on Control Accounts.Integral Accounting and Non Integral Accounting are explained under sections in the context of Mergers and Reconciliations in a Financial Firm.The Production Industry is touched base upon, where simple cost concepts on Unit Costing, Operating Costing, Job Costing and Batch Costing are explained.In addition to Cost Accounting, Management Accounting concepts are briefly explained including, CVP Analysis, Variance Analysis and Break Even Chart.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Distinguish Cost Accounting from Financial Accounting

Section 2: Basic Terminologies in Cost Accounting

Lecture 3 Basic Terminologies in Cost Accounting

Section 3: Cost Accounting and Mergers in Financial Firm

Lecture 4 Cost Ledger Accounting

Lecture 5 Control Accounts in Cost Accounting

Lecture 6 Integral Accounting

Section 4: Costing in Production and Services

Lecture 7 Costing in Manufacturing, Production and Services

Lecture 8 Costing Terms in Production and Service Industry

Section 5: Cost Accounting in a Manufacturing Firm

Lecture 9 Cost Accounting in a Manufacturing Firm - Stores

Lecture 10 Direct Materials

Lecture 11 Direct Labour

Lecture 12 Overheads

Section 6: Costing in Industrial Operations

Lecture 13 Costing in Industrial Operations

Section 7: Management Reports and Audit in Cost Accounting

Lecture 14 Management Reports and Audit in Cost Accounting

Section 8: Management Accounting

Lecture 15 Introduction to Management Accounting and Budgeting

Lecture 16 Standard Costing and Variance Analysis

Lecture 17 Marginal Costing

Section 9: Cost Accounting for a Business Oversight

Lecture 18 Cost Accounting for a Business Oversight

Section 10: Final Quiz

This course is meant for aspiring Cost Accountants and, Financial Controllers in Management Accounting and for aspiring Professional Learners in the field of Cost and Management Accounting.