- 5 Sections
- 16 Lessons
- Lifetime
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- Introduction to Cost Accounting4
- 1.1Cost Accounting – Concept, Evolution, Objectives, Nature and Scope
- 1.2Advantages and Limitations of Cost Accounting, Cost Accounting Vs Financial Accounting
- 1.3Cost Unit, Cost Centre, Classification of Cost, Methods of Costing, Costing Techniques
- 1.4Installation of a Costing System, Elements of Cost and preparation of Cost Sheet. (Excluding Tender & Quotation)
- Unit-II Material5
- 2.1Material – Concept, Classification of Material, Purchase of material: Importance of purchase, Six R’s principle,
- 2.2Centralized & Decentralized Purchasing, Functions of Purchase Department and Procedure of Purchasing
- 2.3Storing of Material
- 2.4Periodical Stock Taking and Perpetual Inventory System, Pricing of Issue of Materials (FIFO, Weighted Average Methods as per AS-2)
- 2.5Control of Material
- Unit -III Labor4
- Unit-IV Overheads3
- Absorption of overhead0