The main goal of studying Basics of Cost Accounting is to understand the concept of cost and how costing is done in organisations. It enables the students to be aware about the different types of cost incurred at different stages of production process. The student will also be aware when and where a particular method or technique of cost is applied. This will help students in building their career as a cost accountant or they can use this knowledge to understand and determine the cost of their own business as an entrepreneur.
Basics of Cost Accounting
Absorption Costing and Variable Costing
Pricing the Material issues
Classification of Overheads
Apportionment of Overheads
Compare financial accounting with cost accounting
Prepare a cost sheet
Identify the different techniques of inventory control
Prepare the store ledger account under the different methods of pricing material issues
Compare the different methods for calculating labour turnover
List the different time rate systems for wage payment
Illustrate how factory overheads are absorbed under different methods
Summarise the Activity Based Costing
Outline the processes of Budget and Budgetary control
Who Should Attend?
Bachelor of Business Administration
Bachelor of Commerce
Master of Business Administration
Manager, Cost Accounting
Manager, Global Cost Accounting
Cost Analysis Manager
Sr. Cost/Operations Analyst
Inventory Control & Cost Analyst
After completing this course and successfully passing the certification examination, the student will be awarded the “Essentials of Cost Accounting” certification.
If a learner chooses not to take up the examination, they will still get a 'Participation Certificate'.
Frequently Asked Questions
Course Features :
Mode Of Delivery:
Valid for 6 months post activation