Costing Workshop
₨ 7,000.00
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Course Content
Topics outline
- Analysis of costs
- Cost Object
- Cost Centers
- Cost Units
- Cost Classification
- Direct vs. Indirect
- Product costs Vs. Period costs
- Based On the behavior
- Controllable and Uncontrollable costs
- Relevant and Irrelevant costs
- Application of the High Low method
- Operating Leverage, Break even, Margin of safety and target profit
- Pricing the Issue of materials
- FIFO
- LIFO
- WAC Methods
- FIFO Profitability analysis
- Holding period gain
- Economic gain
- LIFO Reserve
- Stock controlling methods
- ABC Classification
- Re order Level, Maximum, Minimum and average stock level
- Economic Order Quantity
- Costing Methods
- Absorption Costing & Marginal Costing
- Reconciliation of absorption costing and marginal costing profits
- Standard costing, variance analysis and reconciliation of actual and budgeted contribution / profit using variances
- Job costing
- Batch Costing
- Process Costing
- Life cycle costing
- Target Costing and cost gap
- Throughput costing
- Activity based costing for overhead cost calculation
- Cusdec Guidelines – Meaning of different cages / boxes in a cusdec
- Methods of International settlements
- Import costing
- Cost sheet components using real cost sheets of different industries
Course Features
- Lectures 2
- Quizzes 0
- Duration 30 Hours
- Language English
- Students 6
- Assessments Yes
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Live Interactive Session
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