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Indirect Expenses and Cost Accounting
Learn basic to advanced concepts of Overheads (Indirect Expenses) in Cost Accounting
Course Highlights
Over 18 lectures
Self-paced video learning to access learning at your own comfort
Valuable guidelines and tips to enhance your skillsets
Course Description
In this course, you will learn about important topic in Cost Accounting called Overheads. Overheads are basically expenses incurred on
Indirect Materials
Indirect Labour and
Indirect Expenses
which are not directly identifiable or allocable to a cost object in an economically feasible way.
So, overheads is a total of all Indirect Costs. Overheads are incurred over
a) Various Products
b) Various Departments or Cost Centres and
c) Various heads of account.
In this course, you will learn about
a) Classification of Overheads
b) Methods of Segregation of Semi Variable Costs into Fixed and Variable
c) Objectives of Overheads Study
d) Departmentalisation
e) Allocation Vs Apportionment
f) Methods of Apportioning Common Expenses
This course is structured in self paced learning style. Take this course to understand Basics to Advanced concepts in Overhead Costing.
Course Package :
18 videos
Course Content:
Section 1 Introduction
1. Introduction
Section 2 Classification of Overheads
2.Overheads Classification
3.Overhead by Functions
4.Overheads by Nature
5.Overheads by Element
6.Overheads by Controllability
7.Advantages of classification of fixed and variable expenses
8.Accounting and Cotnrol of Manufacturing Overheads
9.Steps in estimating and absorbing overheads
10.Bases of Apportioning Overheads
11.Allocation and Apportionment
12.Apportionment Methods of Common Expenses
13.Reapportionment of Service Department Overheads
Section 3 Case Studies for Apportionment of Overheads
14.Case Study on Direct Distribution Method
15.Case Study Step Method
16.Case Study Simultaneous Equation Method
17.Case Study Repeated Distribution Method
18.Case Study Trial and Error Method
About the Instructor
CA N RAJA NATARAJAN
KOCHI, India
I am a practicing Chartered Accountant with tonnes of passion for teaching. I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam, India.
I also hold
Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune
Bachelors in Commerce, from Loyola College, Chennai.
I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice.
During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in
a) Financial Analysis
b) Risk Assessment
c) Viability Study
d) Evaluating business models
e) Project Finance
f) Working Capital Management, etc.
I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like
a) Project Finance
b) Credit Risk Assessment
c) Entrepreneurship Development
d) Finance for Non Finance Executives
e) Burning Desire for Entrepreneurship
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