Cost Ascertainment – Elements of Cost

16 topics

1. Material Costs: Procurement of Materials
2. Material Costs: Inventory Management and Control
3. Material Costs: Inventory Accounting and Valuation
4. Material Costs: Physical Verification, Slow and Non-moving Stock and Treatment of Losses
5. Material Costs: Scrap, Spoilage, Defectives and Wastages
6. Employee Costs: Time Keeping, Time Booking and Payroll
7. Employee Costs: Principles and Methods of Remuneration and Incentive Schemes
8. Employee Costs: Overtime and Idle Time
9. Employee Costs: Employee Cost Reporting
10. Employee Costs: Labour Turnover
11. Direct Expenses: Definition and Examples
12. Direct Expenses: Nature of Direct Expenses or Chargeable Expenses
13. Direct Expenses: Direct vs. Indirect Expense
14. Overheads: Collection, Classification, Apportionment and Allocation of Overheads
15. Overheads: Absorption and Treatment of Over or Under Absorption of Overheads
16. Overheads: Reporting of Overhead Costs