Cost Accounting System | CA Inter Cost Accounting Chapter - 7 | Costing | As Per ICAI New Scheme
Vložit
- čas přidán 29. 06. 2021
- Cost Accounting System | CA Inter Cost Accounting Chapter - 7 | Costing | As Per ICAI New Scheme
In This Video We Will Discuss Cost Accounting System all Concepts and Problems With Solutions for CA Intermediate and CA Intermediate Cost Accounting Chapter 7 Have Been Discussed By Chandan Poddar Sir For CA Intermediate Grooming Education. #CostingCommando
⚫ 𝐂𝐀 𝐈𝐧𝐭𝐞𝐫 𝐂𝐨𝐬𝐭𝐢𝐧𝐠 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐂𝐨𝐮𝐫𝐬𝐞
www.escholars.in/p/ca-inter-c...
⚫ 𝐂𝐀 𝐈𝐧𝐭𝐞𝐫 𝟑.𝟎 𝐁𝐨𝐭𝐡 𝐆𝐫𝐨𝐮𝐩
www.escholars.in/p/ca-interme...
⚫ 𝐂𝐀 𝐈𝐧𝐭𝐞𝐫 𝟑.𝟎: 𝐆𝐫𝐨𝐮𝐩 𝟏
www.escholars.in/p/ca-inter-g...
⚫ 𝐂𝐀 𝐈𝐧𝐭𝐞𝐫 𝟑.𝟎: 𝐆𝐫𝐨𝐮𝐩 𝟐
www.escholars.in/p/ca-inter-g...
⚫ 𝐂𝐀 𝐈𝐧𝐭𝐞𝐫 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐂𝐨𝐮𝐫𝐬𝐞𝐬
www.escholars.in/store/ca-int...
⚫ 𝐂𝐀 𝐈𝐧𝐭𝐞𝐫 𝐒𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐀𝐧𝐬𝐰𝐞𝐫𝐬
www.escholars.in/store/ca-int...
⚫ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐨𝐮𝐫 𝐄𝐬𝐜𝐡𝐨𝐥𝐚𝐫𝐬 𝐀𝐈 𝐀𝐩𝐩
play.google.com/store/apps/de...
Watch Next:-
⚫ Activity-Based Costing (ABC System):-
• Activity Based Costing...
⚫ Process Costing:-
• Process Costing | CA I...
⚫ Budget & Budgetary Control:-
• Budget & Budgetary Con...
⚫ Cost of Capital Chapter in Single Video:-
• Cost of Capital Comple...
A cost accounting system (also called product costing system or costing system) is a framework used by firms to estimate the cost of their products for profitability analysis, inventory valuation and cost control.
Estimating the accurate cost of products is critical for profitable operations. A firm must know which products are profitable and which ones are not, and this can be ascertained only when it has estimated the correct cost of the product. Further, a product costing system helps in estimating the closing value of materials inventory, work-in-progress and finished goods inventory for the purpose of financial statement preparation.
There are two main cost accounting systems: the job order costing and the process costing.
Job order costing is a cost accounting system that accumulates manufacturing costs separately for each job. It is appropriate for firms that are engaged in production of unique products and special orders. For example, it is the costing accounting system most appropriate for an event management company, a niche furniture producer, a producer of very high cost air surveillance system, etc.
Process costing is a cost accounting system that accumulates manufacturing costs separately for each process. It is appropriate for products whose production is a process involving different departments and costs flow from one department to another. For example, it is the cost accounting system used by oil refineries, chemical producers, etc.
There are situations when a firm uses a combination of features of both job-order costing and process costing, in what is called hybrid cost accounting system.
In a cost accounting system, cost allocation is carried out based on either traditional costing system or activity-based costing system.
Traditional costing system calculates a single overhead rate and applies it to each job or in each department.
Based on whether the fixed manufacturing overheads are charged to products or not, cost accounting systems have two variations: variable costing and absorption costing. Variable costing allocates only variable manufacturing overheads to inventories, while absorption costing allocates both variable and fixed manufacturing overheads to products. Variable costing calculates contribution margin, while absorption costing calculates the relevant gross profit.
CA Intermediate: Grooming education academy is engaged in providing qualitative commerce education to society at concessional prices. We believe in Research, reasoning and result and thus our learners admit our USP of: "Pioneer in developing concepts". We provide the complete tutorials for CA Intermediate.
To know about the courses and books that best suits your requirement call at our helpline number: 𝟖𝟖𝟖 𝟖𝟖𝟖 𝟎𝟒𝟎𝟐
𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 to know more about the courses available: www.escholars.in/
𝐉𝐨𝐢𝐧 𝐨𝐮𝐫 𝐭𝐞𝐥𝐞𝐠𝐫𝐚𝐦 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐝𝐚𝐢𝐥𝐲 𝐮𝐩𝐝𝐚𝐭𝐞𝐬::: t.me/CAIntermediateGrooming
𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐏𝐚𝐠𝐞: / groomingeducationacademy
𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 𝐏𝐚𝐠𝐞: groomingedu...
𝐓𝐰𝐢𝐭𝐭𝐞𝐫 𝐏𝐚𝐠𝐞: / academygrooming
𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧 𝐏𝐚𝐠𝐞: / grooming-education-aca...
𝐏𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐏𝐚𝐠𝐞: www.pinterest.de/groomingeduc...
#CAInter #Costing #Cost_Accounting_System #Cost&Management #Chapter7 #ICAI #ChandanPoddar
![#1 Integral/Integrated and Non Integrated Accounting [Introduction] ~ Cost Accounting Systems](http://i.ytimg.com/vi/iCXItxmx1-I/mqdefault.jpg)
⚫ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐨𝐮𝐫 𝐄𝐬𝐜𝐡𝐨𝐥𝐚𝐫𝐬 𝐀𝐈 𝐀𝐩𝐩
play.google.com/store/apps/details?id=com.escholars.grooming
Sir I skip this chapter in my last 4 attempt. Today i saw your lecture its very helpful. Thank you
It becomes easy with
Short and simple explanation.only point to point understanding of concepts
And left time for self study...
Excellent 👌👌
Dusre teacher jo ye 2-3 lecture me samjhate hai apne 20 min me samjha diya Hats off to you sir🙏
Sir, I love your teaching technique. You make it so easy to understand
Thanks and welcome
Most easiest and excellent explanation . Heads off🔥🔥🔥
Thanks a lot 😊
Thank you sir. This saved a lot of time and gave clarity.
We are glad to help you, Aditi Rangarajan. keep supporting and don't forget to subscribe to our channel.
Sir I got confused today and Tomorrow is exams, This video made everything clear.
Thanks a lot, Going to buy revision for Group 2 for Nov 2021
Most welcome
did you cleared??
Wow. Clear all concepts.🙏 Thank you sir.
Great kulshum bano. Kindly share the video with friends, and don't forget to subscribe to the channel.
Sir I was about to leave this topic But your explanation made it super easy💯👏
Thanks a lot sir!!
Most welcome
Sir you might just saved me for tomorrow's exam.😄
Thank you so much sir.😊
Most welcome 😊
@@CAIntermediateGrooming sir I passed.
Thank you so much sir...🤗🤗🤗🤗
Congratulations 💐
Dear 💕Sir, thank you for this complete video with concept clear
Great sudeepta narayana Das. Kindly share the video with friends, and don't forget to subscribe to the channel.
Sarcasm ??
Very helpful sir thank you so much 💯😊
we are glad to help you Apeksha Shah, keep supporting so we can make more videos for you.
Thank you so much Sir. It is very helpful.
Welcome
I had pre-booked the Revision Book of CA INTER Group-1 for November 2021 from escholars. When I will be getting it??? And what about the status of GROUP-2????
Please Reply
Dear ADITYA SHARMA, kindly note that we will start delivering CA Inter Group 1 Perfect Revision Book from the last week of July. And we will soon release the book for CA Inter Group-2 as well.
For any assistance, you can contact us at 888 -888 -0402 or drop a mail on our email id:- 𝐒𝐮𝐩𝐩𝐨𝐫𝐭@𝐞𝐬𝐜𝐡𝐨𝐥𝐚𝐫𝐬.𝐢𝐧
Please provide me link i want to buy
Thank you sir😍❣️
Welcome 😊
THANKS A LOT SIR !!!🙏
Most welcome
thank you so much sir ☺ helpful vedio 🙏
Most welcome
Thank you so much sir 🙏
Most welcome
Sir i have ordered group 2 perfect revision book on 26 september. So till when will I get it?
Dear Student, you will get this book within ten working days after the order.
For any assistance, you can contact us at 888 888 0402 or drop a mail on our email id:- 𝐒𝐮𝐩𝐩𝐨𝐫𝐭@𝐞𝐬𝐜𝐡𝐨𝐥𝐚𝐫𝐬.𝐢𝐧
Thank you
Welcome 😊
perfectly EXPLAINED
Glad to hear that
Thank you so much sir...
Always welcome
Does this video has a synopsis of the whole chapter?
Dear Devika, mostly topics are covered in this video, if you want to complete chapter then join our course by click on this link:-www.escholars.in/s/store/courses/description/CA-Inter-Costing-May-2020
Thanks sir 🙏
Most welcome
Sir is there any video on standard/ variance costing of mangment accounting ??
Dear Himani, You can watch this video, it can help you:-czcams.com/video/65cuGitbCiY/video.html
@@CAIntermediateGrooming Ok👍 thank you sir
Thank you so much sir means a lot . Jay shri shyam 🥹🙏
Always welcome
thanks a lot sir
Most welcome
Sir whats is difference in costing system and cost accounting system?
Dear sangeet mangal, you can ask your query in the discussion forum, which is available in our course below video lectures; our subject expert will reply to you directly in the discussion forum, so kindly visit our website:- www.escholars.in/ you will get more content and guidance there.
For any assistance, you can contact us at 888 888 0402 or drop a mail on our email id:- 𝐒𝐮𝐩𝐩𝐨𝐫𝐭@𝐞𝐬𝐜𝐡𝐨𝐥𝐚𝐫𝐬.𝐢𝐧
Good morning sir
I am bcom students but I want to do CA should I start EXAM PREPARATION AND HOW TO START MY PREPARATION?
Dear Student, yes, you can start your preparation to become a successful CA.
You can also start your preparation with the help of our course. It will help you understand concepts easily and score good marks in your exams. And in our course, we provide guideline videos it will help you how & where to start your preparation.
Join our course now:- www.escholars.in/s/store/courses/description/CA-Inter-Online-Classes
For any assistance, you can contact us at 888 888 0402 or drop a mail on our email id:- 𝐒𝐮𝐩𝐩𝐨𝐫𝐭@𝐞𝐬𝐜𝐡𝐨𝐥𝐚𝐫𝐬.𝐢𝐧
@@CAIntermediateGrooming thankyu sar
I am bcom sem 4 students and how I start my preparation when I attempt exam?
Sir is this complete conceptual video of this chapter
Dear Student, In this video, we have covered mostly topic of the syllabus, but not the complete syllabus. Complete syllabus is available in our course.
If you want complete syllabus, then join our course by click on this link:-www.escholars.in/p/ca-inter-costing/1692587873
For any query, you can chat with us on WhatsApp by click on this link 👉 wa.me/918888880402, our counselling experts will provide you an instant reply with better guidance.