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Introduction to Cost Accounting

A complete foundation course in cost accounting for ETICPA ATQ Level 1. Covers cost classification, materials, labour, overheads, costing methods, marginal costing, budgeting, and variance analysis.

6 chapters15 lessons
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Course Curriculum

What you will study

1

Unit 1 — Introduction to Cost Accounting

2 lessons

1

Ch 1: Nature and Purpose of Cost Accounting

2

Ch 2: Cost Behaviour

2

Unit 2 — Materials, Labour and Overheads

3 lessons

1

Ch 3: Materials Costing and Inventory Valuation

2

Ch 4: Labour Costing

3

Ch 5: Overhead Accounting

3

Unit 3 — Costing Methods

3 lessons

1

Ch 6: Job and Batch Costing

2

Ch 7: Process Costing

3

Ch 8: Service Costing

4

Unit 4 — Marginal Costing and CVP Analysis

3 lessons

1

Ch 9: Marginal Costing and Absorption Costing

2

Ch 10: CVP Analysis and Break-Even

3

Ch 11: Relevant Costs and Short-Term Decisions

5

Unit 5 — Budgeting

2 lessons

1

Ch 12: Introduction to Budgeting

2

Ch 13: Flexible Budgets and Budgetary Control

6

Unit 6 — Standard Costing and Variance Analysis

2 lessons

1

Ch 14: Standard Costing

2

Ch 15: Variance Analysis

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Accounting Body Editorial Team

Written and reviewed by qualified accountants. Always free.