Week |
Topics |
1. Week |
Introduction to cost accounting and the place of cost accounting in the accounting system |
2. Week |
Basic concepts of cost accounting |
3. Week |
Classification of costs |
4. Week |
Item / material costs: LIFO (Last-In-First-Out) stock valuation method, FIFO (First-In-First-Out) stock valuation method |
5. Week |
Average cost inventory valuation methods |
6. Week |
Labor costs |
7. Week |
Overall production costs: First step in expense distribution |
8. Week |
General production costs (Continued): Second and third stage in expense distribution |
9. Week |
Order cost systems |
10. Week |
Introduction of process costing system |
11. Week |
Determination of costs in five stages in the process costing system |
12. Week |
Process costing system: Weighted Average Cost Method |
13. Week |
Process costing system: FIFO (First-In-First-Out) Method |
14. Week |
Cost of defective products in the process costing system |