Courses

The objective of the course is to introduce students the principles of cost accounting. Cost accounting provides key data to managers for planning and controlling, as well as costing products, services, even customers. The course focuses on how cost accounting helps managers make better decisions, as cost accountants are increasingly becoming integral members of their company’s decision-making teams. The course recognizes cost accounting as a managerial tool for business strategy and implementation.On successful completion of this course, students will be able to choose the appropriate costing methods under specific scenarios and calculate the cost of a product or service. Also, students are expected to be able to make business decisions on the basis of the costing information. At the end of this course, students will be more prepared for advanced courses in accounting.

COURSE OUTLINE: This course discusses the basic concepts of cost accounting and control. The course is designed to help the participants to become intelligent users of cost information for Computing cost of Product/Process/ Project/ Activity, Controlling and Managing the cost, Decision making like pricing, Make or buy, Profit Planning, Planning and Budgeting.

View the Specialization trailer: https://www.youtube.com/watch?v=XE5Rx91bdYw Many corporate decisions need cost accounting information. When you know the costs of your products, you will make better pricing decisions and you can better choose which products to offer. When you know the costs of your departments, you can better detect inefficiencies and you can better incentivize your employees. In this Specialization, you will learn the fundamentals of cost accounting. Three courses cover the basics of cost accounting. We will start with an introduction to product costing. How can you figure out the costs of your individual products? Next, we will discuss how to connect cost information with revenue information to calculate profits and profitability. Finally, we focus on how to use the information provided by cost accounting systems to optimize your business decisions. We have created the courses of this Specialization for interdisciplinary young professionals seeking to develop cost accounting skills. At the same time, the courses can help students in management and business administration to repeat the content of their introductory cost accounting course.

Accounting 303: Cost Accounting has been evaluated and recommended for 3 semester hours and may be transferred to over 2,000 colleges and universities. Enjoy access to fun lessons that make it easy to understand cost accounting, short quizzes and other online tools designed to get you on the right path toward achieving your educational goals.

This course discusses basic concepts of cost accounting and control. COURSE OBJECTIVES This course is designed to Help the participants to become intelligent users of cost information for (a) Computing cost of product/ process/ project/ activity. (b) Controlling and managing the cost (c) Decision making like pricing, Make or buy, profit planning. (d) Planning and Budgeting INTENDED AUDIENCE : Students, employees, entrepreneurs (The course will apply to participants various disciplineslike Engineering, Sciences, Management, Commerce, Arts, Humanities, Heath, Medicine)PREREQUISITES : Nil

Learn the essentials of cost accounting, including cost behavior, estimation, allocation, and decision-making techniques What you'll learn: Introduction to Cost Accounting: Understanding the basics and importance of cost accounting.Direct and Indirect Costs: Differentiating between direct and indirect costs and their applications.Cost Behavior: Analyzing how costs change with variations in production levels.Cost Estimation Techniques: Using methods such as High-Low and Cost-Volume-Profit (CVP) analysis for accurate cost predictions.Types of Costing: Exploring job costing, batch costing, and activity-based costing.Cost Allocation: Learning methods for allocating costs to different departments and products.Marginal Costing for Decision Making: Applying marginal costing concepts to make informed business decisions.Process Costing: Understanding the principles and methods of process costing and its applications.Break-Even and Target Profit Analysis: Conducting break-even analysis and calculating target profits.Opportunity Cost and Cost Indifference: Evaluating opportunity costs and analyzing cost indifference for better decision-making. Course IntroductionWelcome to the comprehensive Cost Accounting course. This course is meticulously designed to provide you with a robust understanding of cost accounting principles, methods, and applications. Throughout the five sections, you will explore various aspects of cost accounting, starting with the basics and progressing to advanced topics. The journey begins with an introduction to cost accounting and its foundational concepts, followed by detailed discussions on different types of costing, cost allocation, decision-making using marginal costing, and process costing.Section 1: Cost Accounting 01 - Getting StartedThis introductory section provides a comprehensive overview of the foundational concepts in cost accounting. It begins with a general introduction to the field, explaining its importance and basic principles (Lecture 1). The section then distinguishes between direct and indirect costs (Lecture 2) and delves into the behavior of costs, illustrating with practical examples (Lectures 3-4). The concepts of cost functions, cost estimation, and the high-low method are covered next, including practical examples to solidify understanding (Lectures 5-7). Further, it explores cost-volume-profit (CVP) analysis, assumptions underlying the CVP model, and various methods for analyzing costs, such as the equation and contribution margin methods (Lectures 8-14). The section concludes with a detailed discussion on the margin of safety and its practical applications (Lectures 15-17).Section 2: Cost Accounting 02 - Types of CostingIn this section, various types of costing methods are explored. It starts with the meaning and structure of a cost sheet and proceeds to detailed examples (Lectures 18-22). The section covers job costing, including its limitations and practical examples (Lectures 24-28). Batch costing is also discussed, with examples illustrating its profitability (Lectures 29-32). The focus then shifts to activity-based costing, explaining the concept, cost drivers, and practical applications (Lectures 33-37).Section 3: Cost Accounting 03 - Cost Allocation and AnalysisThis section addresses cost allocation and its significance in cost accounting. It begins with an introduction to cost allocation and the steps involved (Lectures 38-39). The section then examines indirect costs, basis of apportionment, and methods for allocating service department costs, including direct re-distribution and step-down methods (Lectures 40-50). Reciprocal re-distribution methods are also discussed, along with examples and concepts like overhead absorption rates and their impact on profitability (Lectures 51-57).Section 4: Cost Accounting 04 - Decision Making using Marginal CostingThis section focuses on decision-making processes in cost accounting using marginal costing techniques. It starts with the basics of decision-making and relevant costing (Lectures 58-63). The concept of opportunity cost is introduced with practical examples (Lectures 64-66). Other cost concepts are explored, leading into detailed discussions on marginal costing, cost-volume-profit analysis, and break-even analysis (Lectures 67-77). The section emphasizes decision-making using cost and CVP analysis, with multiple practical examples (Lectures 78-88).Section 5: Cost Accounting 05 - Process CostingThe final section delves into process costing, starting with its meaning, principles, and practical applications (Lectures 89-91). It differentiates between process costing and job costing (Lecture 92) and discusses process costing accounts with practical examples (Lectures 93-95). Key terms, normal and abnormal losses, and the concept of equivalent production are covered in detail (Lectures 96-103). The section also addresses valuation methods for work-in-progress inventory, joint products, by-products, and issues like spoilage and rework (Lectures 104-114).This course offers a thorough grounding in cost accounting, equipping students with the necessary skills to analyze and manage costs effectively in various business contexts.Course ConclusionIn conclusion, this Cost Accounting course equips you with the essential knowledge and skills to navigate the complexities of cost accounting in any business environment. By the end of this course, you will have a thorough understanding of cost behaviors, cost allocation methods, and various costing techniques. You will be adept at making informed decisions using marginal costing and understanding the nuances of process costing. This course not only prepares you for practical applications but also enhances your analytical abilities, making you a valuable asset in the field of cost accounting. We hope you find this course insightful and empowering, and we look forward to seeing you apply these concepts in your professional endeavors.

Management Accounting & Bookkeeping Basics. Accounting & Bookkeeping Concepts. Learn Accounting & Bookkeeping. What you'll learn: Learn the basics of managerial accounting (cost accounting)Understand the basic managerial accounting terms & vocabularyUnderstand the difference between product costs and period costsUnderstand how to read a Balance Sheet and Income Statement (Statement of Profit & Loss) LEARNMANAGERIALACCOUNTING &BOOKKEEPING(COSTACCOUNTING)STEPBYSTEPManagers all over the world use managerial accounting & bookkeeping to make business decision to improve profitability of their businesses. In this course Iwill show you how to do managerial accounting and bookkeeping, and apply those skills to your job. This is a no-fluff, straight-to-the-point course.Each short lesson is around 3-7 minutes. You can learn at your own pace anytime, anywhere. Traditional managerial &cost accounting textbooks are long and boring. This course makes learning managerial accounting &bookkeeping easy because Iexplain everything in a plain, simple language that's fun to learn.THISCOURSEWILLCOVER:What is managerial accounting &cost accountingManagerial accounting terms &vocabularyProduct costs vs period costsBalance sheet and income statementIncome statement examples of merchandising companies & manufacturing companiesSchedule of Cost of Goods ManufacturedAnd much more!WHYTHISCOURSE?Taught by a CPA, CA, MBA - Calvin K. LeeCalvin has 15 years of experience in accounting and bookkeeping, and provided consulting services for Fortune 500 companiesCalvin has worked in a Big 4 accounting firm (Ernst &Young LLP)Calvin is a top-rated instructor at Schulich School of Business at York UniversityOver 77,000+ students from 178 countries enrolled in his coursesLifetime access to this course, and you receive new lessons and updates for FREESubtitles (captions) available in EnglishCertificate of Completion available30-day money-back guaranteeSTUDENTREVIEWS:"Direct to the point and summarized the important part or content." - Juvy D."The content of the course is clear and with examples." - Sawsan M."Very informative and straightforward. Easy to understand." - Chris B."I like there are samples and explanations about the topics." - Margie P."Everything is explained so easily and concisely that I have no problem in understanding. A great teacher he is!" - Sarmad S."Very good!! Learned a lot about cost & management accounting" - Adriel S.REGISTERFORTHISCOURSENOW!

Master Cost & Management Accounting. How to do Costing in an organization? Prepare for Costing Manager/Accountant jobs. What you'll learn: End-to-end concepts of Costing & Cost AccountingCosting implementation in real-world scenariosPrepare for CA, CFA exams and Cost Accountant jobsCost and Management AccountingMaterial CostingEmployee CostOverheads - Absorption Costing MethodActivity-based CostingCost Accounting SystemCost SheetJob & Contract CostingJoint & By-productUnit & Batch CostingBudget CostingMarginal CostingProcess & Operating CostingService CostingStandard CostingCost Management for specific SectorPricing DecisionDivisional Transfer PricingCost Management TechniquesDecision making A warm welcome to the Cost & Management Accounting course by Uplatz. Costing, as defined by the Institute of Cost and Works Accountants, England is basically “The technique and process of ascertaining costs.” It can also be described as classifying, recording and appropriate allocation of expenditure for the determination of the costs of products or services, and for presentation of suitably arranged data for the purposes of control, and guidance of management.Cost Accounting is a method of accounting wherein all the costs involved in performing any process, project or product are noted and analyzed. Such analysis helps the management in taking strategic decisions. Cost accounting uses various techniques to make an organization cost effective.Uplatz provides this comprehensive course on Costing and Cost & Management Accounting. Cost accounting and product costing are two accounting methods for determining the cash needed to create goods and services. A company's decision to use either accounting technique can have lasting implications on how the business interprets financial data and makes business decisions. Product costing may work better for a business lacking modern manufacturing facilities, while cost accounting better suits a company using large-scale production methods.Product costing is the accounting process of determining all business expenses pertaining the creation of company products. These costs can include raw material purchases, worker wages, production transportation costs and retail stocking fees. A company uses these overall costs to plan a variety of business strategies, including setting product prices and developing promotional campaigns. A company also uses product costing to find ways to streamline production costs to maximize profits. For example, choosing raw materials that are more cost-effective can allow a company to increase profit from retail sales by lowering its product creation costs.Job costing is an accounting tool that allows businesses to track costs by individual jobs. Job costing is calculated by accumulating the cost of labor, materials and overhead for a specific project.Cost accounting is the process of collecting, classifying and recording all the costs associated with accomplishing a business objective or particular company project. A business uses cost accounting to analyze data collected from completing a business task to determine the fair value or selling price of the product created from that task. Cost accounting can also help a company streamline its production process to reduce costs and return a greater profit on individual product sales. Advantages of Cost AccountingCost accounting overcomes the problems associated with adjusting projections to suit modern manufacturing techniques or counting individual inventory components. This allows cost accounting to deliver detailed reports regarding the cost of each phase of production. An organization can use these reports to specifically target areas of the company for cost reduction or efficiency improvement. Additionally, cost accounting focuses solely on the cash spent to create goods as an economic factor of production. This means a business using cost accounting views money as the single factor affecting the company's ability to produce goods and services. Goals of CostingTo determine the exact cost of each article.To determine the cost incurred during each operation to keep control over workers’ wages.To provide information to ascertain the selling price of the product.To supply information for detection of wastage.It helps in reducing the total cost of manufacture.It suggests changes in design when the cost is higher.To help in formulating the policies for charging the prices of the product.To facilitate preparation of estimate for submitting the rates in tenders or quotations.To compare the actual cost with the estimated cost of the component. Elements of CostIn general, the costs are divided into:MaterialLaborOther expensesEach of these costs can then be further classified into direct and indirect costs. Costing and Cost Accounting - Course Syllabus Cost and Management AccountingMaterial CostingEmployee CostOverheads - Absorption Costing MethodActivity Based CostingCost Accounting SystemCost SheetJob & Contract CostingJoint and By-productUnit & Batch CostingBudget CostingMarginal CostingProcess & Operating CostingService CostingStandard CostingCost Management for specific sectorsPricing DecisionDivisional Transfer PricingCost Management TechniquesDecision Making

Learn Cost Accounting for Management. Includes Process Costing, ABC Systems, Variance Analysis, Cash Budgets and more. What you'll learn: Understand Cost Behaviors, Cost Drivers and Cost Driver ActivityDefine Fixed and Variable Costs and Create Cost FunctionsUse Regression Analysis using the Least Squares MethodApply Activity Based Costing to Product CostsAllocate Support Department Costs using the Direct, Step-Down and Reciprocal MethodApply Cost-Volume-Profit Analysis (Break-Even Points)Describe variance analysis, differentiate between price and usage variances, and calculate price and usage variances for costsPrepare Cash BudgetsPrepare Production Reports for a Process Costing System Welcome to the Management Accounting Crash Course, which will provide you with46 video lessons that span over 7hours of content(including quizzes to help test your knowledge). Follow along as I explain the basics and fundamental concepts like cost drivers, the cost function, break-even points, journal entries, joint costing, budgets and more! Managerial Accounting is the study of internal financial information that can influence decision-making. It'sthe follow up course to Financial Accounting, that can prove to be more difficult for students. We designed thecourse to act as a perfect supplement for those taking Managerial/Management Accounting in University or College. We'll walk you through the theory, providing examples and questions that will keep you engaged. The first part of the course will cover:Cost Measurement and Cost BehaviorThe Design of Cost FunctionsFixed Costs, Variable Costs and Mixed CostsBreak-Even AnalysisHandling Direct and Indirect CostsThe second part will cover:Process Costing, and Production Reports using Weighted Average and FIFO.Activity-Based Costing for Overhead CostsPreparingCash BudgetsVariance AnalysisSupport Departments:Direct, Step-Down and Reciprocal MethodAnd much more!HERE'S WHAT SOME STUDENTS OF HAVETOLDMEABOUTMYCOURSE:"I fully attribute me passing the BEC portion of the CPA exam fromyour videos. Without your easy to learn managerial accounting tutorials, I would never have understood the concepts. I especially thought your videos on variance analysis were exceptional. Thank you so much for everything!" - Spencer S."Hi, I just wanted to say thank you for posting such great videos on YouTube. I believe that they were the reason I just passed my very difficult accounting exam! They were very easy to watch and easy to follow. I appreciate your work!" - Alana M."This guy has the best Mgmt Accounting tutorial videos. He understands the concepts and can explain them in the easiest and most engaging way. Thank you." -Karen K."Great Course forbeing introduced to Fundamentals of Management Accounting. Dave does a good job at explaining concepts filled in with examples." -Imran S.

Unlocking Profitability: A Comprehensive Guide to Constructing and Analyzing Master Budgets for Strategic Planning What you'll learn: Define the key concepts and principles of budget construction, including the components of a master budget and their interrelationships.Evaluate the advantages and disadvantages of different budget timing methods to determine the most appropriate approach for a given scenario.Analyze the characteristics and functions of a budget committee, understanding its role in facilitating effective budgeting processes.Create a sales budget, incorporating forecasting techniques and industry trends to develop accurate sales projections.Develop a production budget, considering factors such as demand forecasts, inventory levels, and capacity constraints to optimize production planning.Formulate a materials budget, estimating material requirements, analyzing supplier costs, and implementing strategies to optimize inventory management.Construct a direct labor budget, considering labor rates, workforce capacity, and production requirements to accurately estimate labor costs.Create a factory overhead budget, identifying cost drivers, allocating overhead costs, and analyzing variances to control expenses effectively.Design a general and administrative budget, allocating resources to administrative functions, overhead costs, and support departments aligned with organizationaDevelop a cash budget, forecasting cash inflows and outflows, managing liquidity, and optimizing cash resources for efficient financial management.Construct a budgeted cost of goods manufactured statement, analyzing the costs incurred in the production process to determine the budgeted cost of goods manufaPrepare a budgeted cost of goods sold statement, calculating the expected cost of goods sold based on budgeted production and inventory data.Compose a budgeted income statement, integrating revenue projections, cost data, and expense estimates to generate a comprehensive budgeted income statement.Formulate a budgeted balance sheet, considering the budgeted assets, liabilities, and equity based on the financial projections and budgeted activities.Integrate all components of the master budget into a cohesive analysis, applying Excel skills to consolidate and interpret the budgeted financial information.Evaluate the effectiveness of the master budget in supporting strategic financial planning and decision-making processes.Apply critical thinking and problem-solving skills to address challenges and make informed decisions in the context of budget construction and analysis. Embark on a comprehensive journey of budget construction with our "Mastering Budget Construction" course. This course offers a deep dive into each component of the master budget to provide a detailed understanding and practical application.We start by building a strong foundation in managerial accounting concepts, comparing and contrasting its role with financial accounting. You will gain insights into the essential managerial accounting tools necessary for effective budget construction.Throughout the course, we explore each component of the master budget in detail, incorporating practical insights as we go.In the sales budget module, we delve into the process of constructing a sales budget, emphasizing the importance of accurate sales projections and incorporating forecasting techniques. We also explore industry trends and external factors that impact sales forecasts.Moving on to the production budget, we analyze the factors influencing production levels, such as demand forecasts, inventory management, and capacity constraints. You will learn how to develop a production budget that optimizes resources and meets customer demands.Our materials budget module focuses on estimating material requirements, analyzing supplier costs, and optimizing inventory levels. We explore techniques for effectively managing material costs and ensuring a smooth supply chain process.Next, we dive into the direct labor budget, where we examine labor rates, workforce capacity, and production requirements. You will learn how to estimate labor costs accurately and allocate labor resources efficiently.The factory overhead budget module explores the intricacies of managing factory overhead costs. We discuss cost drivers, allocation methods, and variance analysis, equipping you with the skills to effectively control and manage factory overhead expenses.In the general and administrative budget section, we delve into the budgeting process for administrative functions, overhead costs, and support departments. You will gain insights into allocating resources, setting departmental budgets, and aligning them with organizational goals.Our cash budget module provides a comprehensive understanding of cash flow management. You will learn how to forecast cash inflows and outflows, optimize cash resources, and manage liquidity effectively to ensure smooth financial operations.Throughout the course, you will have access to preformatted Excel worksheets and practical exercises that allow you to apply the concepts learned. You will also have the opportunity to engage in discussions, practice test questions, and work on a comprehensive problem-solving exercise in Excel to consolidate your knowledge.By the end of this course, you will possess a comprehensive understanding of each component of the master budget, along with the practical skills to construct and analyze budgets effectively. Whether you are a business owner, aspiring accountant, finance professional, or student, this course will empower you to excel in budget planning and analysis. Join us now and embark on a journey to master budget construction.

ABOUT THE COURSE: The subject, Cost Accounting, introduces the fundamental concepts of cost, cost accounting and costing and carefully builds up a detail understanding of various elements of costs and the techniques for ascertainment, controlling and monitoring of costs. It also highlights different industry specific costing methods to accumulate total costs with due compliance of the Cost Accounting Standards that provide the framework for such tasks. The subject also focuses on the details of alternative cost bookkeeping processes, integration or reconciliation with financial accounting system used in organisations. It enumerates various techniques of costing to facilitate managerial decision making on cost optimisation, profit planning and control.INTENDED AUDIENCE: Anyone, who is interested to enrich his/ her knowledge in Cost and Management AccountancyPREREQUISITES: Higher Secondary completedINDUSTRY SUPPORT: Recognised by the ICMAI

In the third course, you will learn how to use information from cost accounting to improve managerial decision-making. We discuss business decisions and suggest how cost information can support them best. For example, how will costs change if managers adjust cost drivers? How many units do companies need to sell in order to avoid losses or to achieve a targeted profit? How can managers improve pricing or product programs with information from cost accounting?

Gain a comprehensive understanding of cost accounting fundamentals in this 8-hour course. Learn essential concepts including cost analysis, classifications, and cost sheet preparation. Explore material cost management techniques, inventory control methods, and various approaches to valuing material issues. Delve into overhead calculations, machine hour rates, and direct labor hour rates. Master unit costing and process costing, including handling abnormal losses and gains. Discover cost controlling techniques like Just-In-Time (JIT) and ABC Analysis. Through a mix of theoretical explanations and practical problem-solving exercises, develop the skills needed to effectively manage and analyze costs in various business scenarios.

By the end of the project, you will be able to use both absorption costing and activity-based costing to determine the cost of a product your company is making. This will allow you to determine the pricing of your product. This is directly relevant for management accountants, performance managers, marketers, and owners of a business. Note: This course works best for learners who are based in the North America region. We're currently working on providing the same experience in other regions.

Strengthen your leadership skillset with this course on leadership accounting and roles.

Advanced Cost Accounting for Effective Managerial Decision-Making and Efficient Cost Management What you'll learn: Comprehend the key concepts and principles of process costing systems in cost accounting, distinguishing them from other costing methods.Classify costs effectively, understanding different cost classifications and their importance in process costing.Outline the step-by-step flow of costs in a process costing system, from raw materials to finished goods and cost of goods sold.Differentiate between job cost systems and process cost systems, and determine the appropriate system for specific manufacturing scenarios.Apply overhead accounting principles, including calculating predetermined overhead rates and allocating overhead costs to departments.Record accurate journal entries related to costs in a process costing system, including transfers, direct and indirect wages, overhead costs, and sales transactCalculate the cost per equivalent unit and allocate costs to ending work-in-process and transferred-out amounts using both FIFO and Weighted Average methods.Explain key terms and definitions related to job cost systems, enhancing practical understanding and application.Analyze process cost statements, interpreting the data to gain insights into cost control, performance evaluation, and managerial decision-making. Welcome to this course, where we delve into the intricacies of cost accounting in manufacturing companies utilizing process costing systems. This comprehensive course introduces you to managerial accounting topics specific to process cost systems and equips you with the essential knowledge and skills required for accurate cost classification, tracking, and allocation.Starting with an overview of managerial accounting and cost accounting concepts, we explore the classification of costs and the significance of categorizing costs in various ways. Understanding the flow of costs through the accounting process in a manufacturing company is crucial, and we provide a comprehensive outline of this process.We compare and contrast the two primary inventory costing systems used in manufacturing companies: job cost system and process cost system. You will gain insights into the circumstances in which each system is used, helping you identify the most suitable approach for different manufacturing scenarios.In our exploration of the process cost system, we meticulously trace the flow of inventory costs. We track costs related to raw materials, their progression through work-in-process and factory overhead, their transformation into finished goods, and their ultimate expensing as cost of goods sold.The course covers the concept of overhead and its importance, including the distinction between actual overhead incurred and estimated overhead applied to departments. You will learn how to calculate predetermined overhead rates and utilize them to estimate overhead allocated to different departments accurately.Recording journal entries related to costs within the process cost system is a critical aspect, and we guide you through each step. You will gain hands-on experience in entering journal entries for the transfer of raw materials, direct and indirect wages, overhead costs, allocation of overhead to work-in-process, department transfers, finished goods, sales transactions, and cost of goods sold.We delve into the calculation of the cost per equivalent unit and the assignment of costs to ending work-in-process and transferred-out amounts. We explore both the First In First Out (FIFO) and Weighted Average methods, ensuring you have a comprehensive understanding of cost allocation techniques.Throughout the course, we provide clarity on key terms and definitions related to job cost systems, enhancing your practical knowledge and application of cost accounting concepts.In addition to the instructional videos, the course includes a range of valuable resources, including downloadable PDF files for offline reference, preformatted Excel practice files to facilitate hands-on learning and reinforce Excel skills, multiple-choice practice questions to improve test-taking abilities, short calculation practice questions for concise problem-solving, and discussion questions for engaging in meaningful conversations with fellow students.Your instructor, a seasoned professional with expertise in accounting concepts and software, is a Certified Public Accountant (CPA), Chartered Global Management Accountant (CGMA), and a curriculum development expert. With a wealth of practical experience and teaching proficiency, the instructor is committed to helping you achieve your learning objectives.If you're an accounting student, aspiring accountant, business owner, or professional seeking to enhance your cost accounting skills, this course provides the comprehensive knowledge and practical tools needed to master process costing systems and make informed managerial decisions. Enroll now and embark on a transformative learning journey in cost accounting!

Learn fundamental concepts of cost accounting in this 30-minute lecture that distinguishes between financial and cost accounting systems. Explore key definitions of cost, examine different cost classifications, and understand how cost accounting supports management decision-making processes. Delve into the critical differences between managerial and financial accounting approaches while gaining insights applicable to business operations. For Indian students, earn valuable course credits through NPTEL certification options recognized by UGC and AICTE.

Management accounting for managers and students. Learn managerial and cost accounting. #1 accounting course online. What you'll learn: The best managerial accounting course out thereGet ready for part of the Business Environment and Concepts (BEC) on the CPA examIdentify and explain the types and flows of manufacturing and non-manufacturing costsApply overhead cost using a job-order costing systemApply overhead cost using a activity-based costing systemApply overhead cost using a process costing systemPrepare a master budgetPrepare a flexible budgetUnderstand and apply standard costsAnalyze variances and take appropriate actionsCalculate and analyze Return on Investment (ROI)Calculate and analyze Residual incomeConstruct, use and evaluate a Balanced ScorecardTime value of moneyCalculate and apply Net Present Value (NPV) and Payback MethodEvaluate various investmentsEvaluate prospective projects Learn everything about Managerial Accounting easy and fast.Learn from the expert. What are my students saying:"I wish I would've found this course before I started failing accounting. Glass half full: at least I'm learning.""This is fantastic. I was having trouble understanding my book and this video course is making more sense.""Very helpful. It helped me learn cost accounting to get to advanced level.""The quality of this course is amazing. It is practical and also very good for grasping the accounting flows." "It is quite a nice course. Videos are short and very descriptive. For every topic there is a short video that explains the concepts, and afterwards there are detailed videos with problem solving. I feel I have such a good understanding of the subject now. Thanks!""This is a lot easier to understand than other accounting courses I had seen so far. The professor doesn't use jargons making it easier for students like to understand it with ease.""This is more lively than my managerial class and teacher. I am getting more from this course!""I am taking accounting for the first time and I am really having a hard time. This course made it so easy though. The quizzes are very practical too and I think I can use it more in the future. Very friendly course."The most popular topics covered:Job Order CostingProcess Costing (Equivalent units of production)Activity Based CostingBreak EvenMargin of SafetyHigh Low MethodVariable CostingAbsorption CostingBudgetingStandard CostsResidual IncomeRelevant CostsTime Value of MoneyNet Present ValueInternal Rate of Return (IRR)More about this course:I believe that you should not fall asleep when learning something new. You need to be encouraged and excited instead. In order to be excited about learning, you need to understand easily. If you struggle to understand, of course you will fall asleep. I have implemented a new way of teaching. Animated videos which are easy to understand. Problem solving videos that teach you how to apply what you have learned. Learning has never been so exciting.In this course you will find great tools used in business that will aid the decision-making process. You will be able to identify and use important accounting information, identify and analyze various alternatives (projects, investments), and choose the best.In this course you will find everything explained with a video lecture. There are 2 types of video lectures. The first type is an animated (cartoon) video that breaks down the most difficult concepts used in business. The second type is a problem solving shared screen that will help you with the calculations and analysis, as well as your thinking process. Depending on your commitment, this course can take you somewhere from a week to few weeks to complete. The curriculum is designed as such, so that you will retain the information you will receive. Whether you are a business owner, manager, or a student, you will need this course. This course will provide you with great tools that will make your decisions much more informative and calculated.

Dive into a comprehensive course on Cost and Management Accounting for CA Intermediate students, spanning over 63 hours across 2 days. Master key concepts including Marginal Costing, Process Costing, Contract Costing, Unit & Batch Costing, Service Costing, Cost Accounting Systems, and Activity Based Costing. Learn from expert instructor Sanjeev Mittal through a series of in-depth lectures, covering introductory concepts, terminology, advanced problem-solving, and practical applications in various industries. Engage with quizzes and numerous practice problems to reinforce your understanding and prepare for the CA Intermediate examination.

Companies do not only need to know the costs of different products, but they also need to know whether they gain a profit or realize a loss. We explain how companies use cost information to calculate their profit and assess their profitability. Depending on how companies account for changes in inventories, we distinguish "absorption costing" and "variable costing". In addition, some companies structure their income statement according to the "nature of expense method", while others structure it according to the "cost-of-sales method". We explain both methods and discuss their advantages and disadvantages.