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Methods of Costing | ..::kafco::..

http://kafco.in/articles/methods-of-costing

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Raquo; Methods of Costing. Costing methods are grouped into the following categories:. Composite or multiple costing. Specific order costing is the basic method applicable to those industries where the work consists of separate contracts, jobs or batches each of which is authorized by a separate order or contract. It is sub- divided to:. Unit or single output costing.

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Financial Accounting & Cost Accounting | ..::kafco::..

http://kafco.in/cost-accounting/financial-accounting-cost-accounting

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Financial Accounting & Cost Accounting. Raquo; Financial Accounting and Cost Accounting. Comparison- Financial and Cost Accounting. Its purpose is to provide general information. About the business using the financial. Statements for the accounting year. Its purpose is to give information through cost. Reports to the management for proper planning,. Control and decision making. Which the costs are i...

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Cost Audit | ..::kafco::..

http://kafco.in/articles/cost-audit

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Raquo; Cost Audit. Cost Audit and Cost Records Compliance requirements for Indian companies has undergone a major metamorphosis during the year 2011-12 with the release of new The Companies (Cost Accounting Records) Rules 2011 and The Companies (Cost Audit Report) Rules, 2011. Maintenance of Cost Records and Compliance Certificate. For those companies which satisfies any of the conditions have to ma...

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QFD | ..::kafco::..

http://kafco.in/articles/qfd

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. It is an effective communications and quality planning tool which involves :. Defining customer needs or requirements. Converting them into specific action plan. Making the products satisfying those needs. Customized and Maintained by adle Solutions. Free Guidance on Cost Records Compliance.

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Standard Costing | ..::kafco::..

http://kafco.in/articles/standard-costing

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Raquo; Standard Costing. It is defined as ‘preparation and use of standard costs, their comparison with actual costs and analysis of variances into their causes and points of incidences’ (CIMA-UK). From the definition, it is clear that the technique of standard costing may comprise:. Ascertainment of standard costs under each element of cost. Measurement of actual costs. 2 Setting of standards.

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Performance Management | ..::kafco::..

http://kafco.in/performance-management

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Raquo; Performance Management. Customized and Maintained by adle Solutions. Free Guidance on Cost Records Compliance.

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Articles | ..::kafco::..

http://kafco.in/articles

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. To Publish Your Articles,. Customized and Maintained by adle Solutions. Free Guidance on Cost Records Compliance.

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Aggregate Planning | ..::kafco::..

http://kafco.in/articles/aggregate-planning

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Raquo; Aggregate Planning. The following procedure is generally adopted in the process of aggregate planning :. Take Demand forecast for the relevant period. Collect information regarding capacity, resources and facilities available during the period. Collect data regarding cost of various alternatives and resources. Match the plans with company, departmental and union policies.

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Marginal Costing | ..::kafco::..

http://kafco.in/articles/marginal-costing

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Raquo; Marginal Costing. Applications (merits) of marginal costing. Concentrating on the variable costs will be more advantageous and practical for cost control purposes. Marginal costing technique helps in this task by segregating the costs between variable and fixed. 3 Key Factor Analysis. Make or buy decisions. Accepting or rejecting an export offer. Variation in selling price.

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Cost Accounting | ..::kafco::..

http://kafco.in/cost-accounting

Financial Accounting & Cost Accounting. General Principles of Cost Accounting. Systems & Internal Control. Raquo; Cost Accounting. Financial Accounting and Cost Accounting. General Principles of Cost Accounting. Customized and Maintained by adle Solutions. Free Guidance on Cost Records Compliance.