Cost Accounting Course

Uplatz offers this comprehensive course on Costing and Cost Accounting. It is a self-paced course with video lectures. You will be awarded Course Completion Certificate at the end of the course.

Cost, costing, cost accounting, and cost accountancy are normally used interchangeably but they are not synonyms of each other. The meaning of these terms is related and similar but there are differences. Cost is a sacrificed resource to obtain something, costing is a process of determining costs, cost accounting is a technique to assist management in establishing various budgets, standards, etc and cost accountancy is the practice of costing and cost accounting.
The cost of each product in those organizations requires recording expenses with to each product or process, classifying expenses like direct material, labor, overheads etc., allocating direct expenses and suitable apportionment of overheads to each product for most correct determination of per unit cost of production of each product.
Cost accounting involves analyzing relevant costing data, interpret it and present various management problems to management. The scope of cost accounting involves the preparation of various budgets for an organization, determining standard costs based on technical estimates, finding and comparing with actual costs, ascertaining the reasons of by variance analysis etc.
Cost accountants are responsible for the collection, adjustment, auditing and scrutinizing of all financial information. The purpose of cost accounting is for budget preparation and profitability analysis. They collate the numbers which includes data about planning systems, wages, bonuses and operating policies into financial reports. The purpose of this is to help the management take decisions on the basis of this information.

• Costing and Cost Accounting - all lectures 50:08:03

  • 1: Cost and Management Accounting - part 1 Preview 1:02:00
  • 2: Cost and Management Accounting - part 2 52:39
  • 3: Cost and Management Accounting - part 3 1:29:51
  • 4: Material Costing - part 1 1:12:37
  • 5: Material Costing - part 2 55:20
  • 6: Material Costing - part 3 59:24
  • 7: Material Costing - part 4 1:34:19
  • 8: Employee Cost - part 1 1:13:02
  • 9: Employee Cost - part 2 35:23
  • 10: Employee Cost - part 3 34:15
  • 11: Overheads - Absorption Costing Method - part 1 37:22
  • 12: Overheads - Absorption Costing Method - part 2 1:11:06
  • 13: Overheads - Absorption Costing Method - part 3 1:01:50
  • 14: Overheads - Absorption Costing Method - part 4 1:34:29
  • 15: Activity Based Costing - part 1 39:24
  • 16: Activity Based Costing - part 2 27:49
  • 17: Cost Accounting System - part 1 1:02:08
  • 18: Cost Accounting System - part 2 1:05:11
  • 19: Cost Sheet - part 1 40:55
  • 20: Cost Sheet - part 2 27:02
  • 21: Job & Contract Costing - part 1 1:04:50
  • 22: Job & Contract Costing - part 2 1:02:08
  • 23: Job & Contract Costing - part 3 17:46
  • 24: Joint By-product - part 1 55:23
  • 25: Joint By-product - part 2 22:26
  • 26: Unit & Batch Costing - part 1 44:22
  • 27: Unit & Batch Costing - part 2 37:42
  • 28: Budget Costing - part 1 1:26:06
  • 29: Budget Costing - part 2 54:38
  • 30: Budget Costing - part 3 1:03:18
  • 31: Budget Costing - part 4 39:59
  • 32: Marginal Costing - part 1 49:15
  • 33: Marginal Costing - part 2 47:09
  • 34: Marginal Costing - part 3 35:38
  • 35: Marginal Costing - part 4 1:02:36
  • 36: Process & Operating Cost - part 1 50:44
  • 37: Process & Operating Cost - part 2 32:20
  • 38: Service Costing - part 1 48:34
  • 39: Service Costing - part 2 55:37
  • 40: Service Costing - part 3 1:07:51
  • 41: Standard Costing - part 1 44:59
  • 42: Standard Costing - part 2 1:00:21
  • 43: Standard Costing - part 3 58:07
  • 44: Cost Management for specific sectors - part 1 38:35
  • 45: Cost Management for specific sectors - part 2 40:17
  • 46: Pricing Decision - part 1 41:43
  • 47: Pricing Decision - part 2 1:00:32
  • 48: Pricing Decision - part 3 39:47
  • 49: Divisional Transfer Pricing - part 1 1:12:07
  • 50: Divisional Transfer Pricing - part 2 1:06:03
  • 51: Cost Management Techniques - part 1 1:12:47
  • 52: Cost Management Techniques - part 2 58:52
  • 53: Cost Management Techniques - part 3 1:06:08
  • 54: Decision Making - part 1 54:12
  • 55: Decision Making - part 2 1:19:05

Costing and Cost Accounting – Course Syllabus

1) Cost and Management Accounting

2) Material Costing

3) Employee Cost

4) Overheads - Absorption Costing Method

5) Activity Based Costing

6) Cost Accounting System

7) Cost Sheet

8) Job & Contract Costing

9) Joint and By-product

10) Unit & Batch Costing

11) Budget Costing

12) Marginal Costing

13) Process & Operating Costing

14) Service Costing

15) Standard Costing

16) Cost Management for specific sectors

17) Pricing Decision

18) Divisional Transfer Pricing

19) Cost Management Techniques

20) Decision Making

Everyone

Passion and determination to achieve your goals!

• Lead Cost Accountant
• Supervisor, Cost Accounting
• Accountant - Cost Controller
• Financial Analyst
• Finance Director

Currently there are no Q&As for this course. Be the first to ask a question.

Certificate of completion

Digital certificate - Included

Reed courses certificate of completion

Digital certificate - Included