CA Inter Costing Full Course By CA Abhishek Zaware
About The Course – CA Inter Costing
CA Inter Costing “Accounting is a business language,” says the author. This language can be use to communicate financial transactions and their outcomes.
Cost accounting and management accounting are two key accounting words that are use to control and establish the policies of a company.
Also have sharp styles and are used for different objectives. Let’s have a look at the important keys.
Cost accounting deals with the calculation and pricing of costs and expenses to purchase or produce something.
It relates to calculation per unit cost using different costing techniques. (CA Inter Costing). Its primary purpose is to facilitate managers in decision making.
The following are the major functions of cost accounting:
Budgeting : In cost accounting, several budgets are created to show cost, revenue, profit, production capacity and efficiency of equipment and machinery, as well as labour efficiency also, 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 organisation (GAAP).
For external reporting and internal profit quantification, classify and break down costs. Because reports are not unnatural through the norms of commonly accept Accounting Principles.
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 reasons for income or loss and the factors that have an effect on performance so that it will aid decision-making. As a result, cause and effect is an important part of management accounting.”
About (CA Inter Costing) Faculty – CA Abhishek Zaware
CA Abhishek Zaware is a first-class commerce teacher. He is co-founder of Ekatvam academy.
Ekatvam academy is the prime destination for students aspiring to a career in Commerce. At Ekatvam, he work in unison to ensure a brighter future for students.
He proudly host the best faculty in the fraternity to cater to the needs of students. Every mentor at Ekatvam works passionately to ensure that students achieve conceptual clarity instead of just bookish knowledge. They go out of the way so that the students become pragmatic and socio-economically aware professionals.