Course objective:

This 3 hours course is designed to inculcate the costing and costing techniques to all the working executives or budding costing Managers. This course will help them to handle a team of accountants for small and medium size business.

Course curriculum:

Costing : Cost concepts - Cost Sheet - Classification of Cost - Activity Based Costing (ABC) technique - Absorption costing technique - Inventory control -Pricing of issue of materials - First in first out (FIFO) method - Last in first out (LIFO) method, Simple average cost method - Weighted average cost method

Labour cost - Labour cost computation - Time rate method - Piece rate method - Incentive plans - Halsey plan - Rowan plan

Overheads - Classification of overheads - Allocation of overheads - Apportionment of overheads - Absorption of overheads - Machine Hour Rate - Treatment of over absorption and under absorption

Methods of Costing - Job costing - Batch costing - Process costing - Treatment of normal loss - Treatment of abnormal loss - Treatment of abnormal gain - Joint products & By products costing - Valuation of work in progress - Service costing - Contract costing

Reconciliation of Cost and financial records

Gallery (21)

Intro Video

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About the Trainer

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8 Students

18 Courses

Vijayakumar V

B.Com, Chartered Accountant and Dip in Banking & Finance

15 Years of Experience

The Trainer is a passionate teacher and has rich experience in Financial accounting and related practices. He was a full time senior lecturer in a reputed institution for 5 continuous years, teaching online and offline to students from class 10 to PhD for 15 years.