CA Inter Costing Course By CA Vinod Reddy

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CA Inter Costing By CA Vinod Reddy (About Course)

CA Inter Costing “Accounting is a business language,” says the author. This language can be use to communicate financial transactions and their outcomes. (CA Vinod Reddy) is best teacher in this subject.

Cost accounting and management accounting are two key accounting words that are use to control and establish the policies of a company.

 

Both have different styles and are utilise for various purposes. Let’s have a look at the important keys.

Cost Accounting

Cost accounting deals with the calculation and pricing of costs and expenses to purchase or produce something.

It relates to the calculation per unit cost using different costing techniques. Its primary purpose is to facilitate managers in decision-making.

The following are the major functions of cost accounting:

  • Budgeting: Various budgets are generate in cost accounting to demonstrate cost, revenue, profit, production capacity, and efficiency of equipment and machinery, as well as labor efficiency.
  • Because reports are not unnatural by the norms of generally accept Accounting Principles. The budget is design in a scientific and systematic manner that is typically unique to the organization (GAAP).

For external reporting and internal profit measurement, classify and break down costs. Because expenses things are easy to get such at a fine level, paying for unprofitable things is simple.

Management Accounting

  • The provision of suitable information for decision-making, planning, cost control, and performance evaluation is the focus of management accounting.
  • Data concerning a company entity’s operations is transform into information, knowledge, and wisdom via management accounting. This goes a level beyond cost accounting.
  • Management accounting investigates the causes of profit or loss and the elements that influence efficiency in order to aid decision-making. As a result, cause and effect are a crucial aspect of managerial accounting.”

Faculty About (CA Inter Costing) By- CA Vinod Reddy

CA Vinod Reddy
  • Ca Vinod Gupta is a qualified chartered accountant and was also awarded for the best paper on taxation in ca final examination.
  • He has faculty in Direct Tax and has vast experience in teaching this subject in this industry.
  • Currently, he is teaching final students in northern India and students completely love him for his teaching style.
  • He was faculty at Delhi for the last 18years and was also the visiting faculty of ICAI.

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