Basics of Cost Accounting

Finance - N Raja

Cost Accounting is often referred to as Cost Management Accounting. Cost Accounting basics are all about learning how to use different accounting methods to determine the cost of producing your product and then how to use that information to make a profit. This basic course on Cost Accounting will help you in understanding the complete overview of the subject along with Cost Classifications and solving various case studies.

 

 

Learning Objectives:

  • Understand basic concepts of Costing
  • Understand basic process of determining the cost
  • Understand Cost Accounting System
  • Understand objectives of Cost Accounting
  • Understand the difference between Cost Accounting, Financial Accounting and Management Accounting
  • Understand various classifications of cost
  • Understand Cost Sheet
  • Understand Methods of Costing

Instructor

N Raja

Finance Guru

Raja is a Chartered Accountant with tones of passion for teaching. He teaches Financial Management…

Training 5 or more people?

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What will you cover?

  •   Introduction to Basic Cost Concepts 0:04:59
  •   Costing, Cost Accounting and Accountancy 0:02:33
  •   Objectives of Cost Accounting 0:04:08
  •   Difference between Cost Accounting and Financial Accounting 0:05:09
  •   Difference between Management Accounting and Cost Accounting 0:03:04

Instructor

N Raja

Finance Guru

Raja is a Chartered Accountant with tones of passion for teaching. He teaches Financial Management…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business
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