Last updated 1/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 403.04 MB | Duration: 1h 59m
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.
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