Vskills Certified Cost Accountant (Govt. Certification)



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What is this course about

Introduction to Cost and Management Accounting

Concepts of Cost
Costing, Cost Accounting and Cost Accountancy
Objectives of Cost Accounting
Importance of Cost Accounting
Scope of Cost Accounting
Classification of Costs
Cost Centre and Cost Unit
Methods of Costing
Techniques of Costing
Installation of a Costing System
Difference between Financial Accounting and Cost Accounting
Difference between Financial Accounting and Management Accounting

Material Cost

Inventory Control (Material Control)
Objectives of Inventory Control
Techniques of Inventory Control
Functions of Store-Keeping
Method of Pricing of Material Issues
Accounting of Material Losses
Control of Material Losses
Inventory Management

Labour Cost

Introduction to Labour Cost
Classification of Labour Cost
Accounting and Control of Labour Cost
Time Recording
Time Keeping
Idle Time
Labour Turnover
Labour Remuneration System
Basic Methods of Remuneration System
Incentive schemes

Direct Expenses and Overheads

Direct expenses
Indirect expenses
Collection of Overheads
Classification of Overheads
Allocation and apportionment of overheads (depart-metallization of overheads)
Allocation of Overheads
Apportionment of Overheads
Absorption of overheads
Methods of Absorbing Production Overheads
Over or Under Absorption Of Overheads
Treatment of Factory Overheads
Treatment of Administrative Overheads
Treatment of Selling And Distribution Overheads
Control of Overheads
Preparation of Cost Sheet

Activity Based Costing

Meaning of Activity Based Costing
Basics of Activity Based Costing
Distinction Between Traditional Absorption Costing and Activity Based Costing
Objectives of Activity Based Costing
Terminology of Activity Based Costing
Stages in Developing Activity Based Costing System
Different Types of Activities

Cost Records

Non-Integrated Accounting System
Advantages of Non-Integrated Accounting
Limitations of Non-Integrated Accounting
Integrated (Integral) Accounting System
Need For Reconciliation
Causes of Differences
Preparation of Reconciliation Statement or Memorandum Reconciliation Account

Costing Systems

Single/Output/Unit Costing
Cost Sheet
Job Costing
Batch Costing
Contract Costing
Process Costing
Service Costing

Marginal Costing

Features of Marginal Costing
Advantages of Marginal Costing
Limitations of Marginal Costing
Break-Even Analysis/Cost-Volume Profit Analysis
Uses of Cost-Volume-Profit Analysis
Marginal Cost Equation
Profit-Volume Ratio
Margin of Safety
Methods For Determining Break Even Points
Applications of Marginal Costing
Composite Break Even Point
Absorption Costing
System of Profit Reporting

Standard costing

Definition and Meaning
Applications of Standard Costing
Various Types of Standards
Standard Costing System
Variance Analysis
Material Cost Variances
Material Usage Variance
Material Mix Variance
Materials Yield Variance
Overhead Cost Variances
Variable Overhead Variance
Fixed Overhead Variance

Budget, Budgeting and Budgetary Control

Budgetary Control
Forecast and Budget
Zero Base Budgeting

Cost Accounting Records and Cost Audit

Cost Audit
Purpose of Cost Audit
Advantages of Cost Audit
Appointment of Cost Auditor
Rights and Responsibilities of Cost Auditor
Implementing Authorities of Cost Audit
Cost Audit Techniques
Cost Audit Programme
Cost Audit Report

Analysis and Interpretation of Financial Statements

Financial Statements
Importance of Financial Statements
Analysis of Financial Statements
Types of Financial Statement Analysis
Methods of Analyzing Financial Statements
Ratio Analysis
Uses of Ratio Analysis
Classification of Ratios

What are the course deliverables ?

• Post registration get login credentials of your online profile
• Receive reading material
• Post preparation, schedule exam date and exam center from your online profile within six months of order date.
• Clear the exam and get hard copy and soft copy certificate with LinkedIn recommendation

Program Schedule

• No fixed dates.
• Prepare and appear for certification exam

Program Highlights

Benefits of Vskills Certification
• No Minimum educational qualification
• No time commitment
• Improve employability
• Certification valued and approved by Industry
• Become a part of Vskills Job centre for life
• Enriched professional experience by being a Vskills Alumni

Desired Course Seeker Profile

• No minimum eligibility
• No experience needed