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Basics of Costing

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This is a course to learn the Basics of Costing.

 

It can be availed by any student of any course having Costing subject in their academics.

 

Course Duration

924 minutes 

To download its notes, subscribe to this course, Go to My Courses, and then click View Class Slides Option.

 

 

Step 1 - After subscribing, go to My Courses from your Dashboard.

Step 2 - Click on Go To Course icon in Action Buttons against the course subscribed.

Step 3 - Watch the video in order of the session.

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The video will expire once you have used its view.

  • Introduction Video
  • 01:47:00
  • Build Your Basics | Costing | Class -1
  • Build Your Basics | Costing | Class- 2
  • Build Your Basics | Costing | Class - 3
  • Build Your Basics | Costing | Class- 4
  • Build Your Basics | Costing | Class- 5
  • What is Cost
  • Cost Control & Cost Reduction
  • What is Costing
  • Techniques Of Costing
  • Cost vs Expenses
  • Notional cost vs Imputed cost
  • Techniques Of Costing
  • Product Cost and Period Cost
  • Incremental Cost and Variable Cost
  • Shut Down Cost
  • Absolute Cost
  • Explicit Cost and Implicit Cost
  • Responsibility Centre
  • Conversion Cost
  • What is Value Added
  • What is Cost Unit
  • Controllable and Uncontrollable Cost
  • Fixed And Variable Cost
  • Committed And Discretionary Fixed Cost
  • Primary And Secondary Packing
  • Sunk Cost
  • Opportunity Cost
  • Employee Cost
  • 00:04:00
  • What is Budget
  • Budgetary Control
  • Components of Budgetary Control
  • Why we study standard costing
  • Standard Cost vs Budgeted Cost
  • Direct Expense
  • Functional Budget
  • ABC Analysis
  • Centralised & Decentralised Stores Keeping
  • Golf Analysis
  • Imprest System Of Stores
  • JIT Analysis
  • Mat Purchase Procedure
  • Material Storage Procedure
  • Materials FSND Analysis
  • Materials VED Analysis
  • Waste,Scrap, Spoilage Defective
  • Activity Based Management & Activity Based Budgeting
  • Cross Implication of Material Variances
  • Cross Implication of Labour Variances

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