Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
Download
Understanding Basics Of Costing
1,253 plays

More
Detailed analysis of difference between cost accounting and financial accounting.

Ashima Negi is teaching live on Unacademy Plus

Ashima Negi
CBSE UGC NET. Full time Assistant Professor; MBA-FINANCE;BBA;NCFM;PGDM;TQM;ISO & QS9000;Assurance;CCIBL, Youtuber studytalkwithashima

U
Unacademy user
A big thank you for making these videos. A lot of us cannot go for the plus courses. But still, these videos are pretty helpful. Keep up the good work ma'am.
Ashima Negi
3 months ago
😊 god bless
Ashima Negi
3 months ago
In case opting for plus use the Educators code for 10% discount . Code - negi1983-8777
Ashima Negi
3 months ago
Happy Learning.
Ashima Negi
3 months ago
A new Special Class by *Ashima Negi* in the *NTA-UGC NET* Category is now Live! Course Name - *Understanding Cost And Production Functions With MCQs* Link - *IT WILL BE VISIBLE IN EDUCATOR PROFILE* Live Class - *14th June 2019, 08:00 AM to 09:00 AM* https://unacademy.com/plus/course/understanding-cost-and-production-functions-with-mcqs/QM7UZW5B
Ashima Negi
2 months ago
I am conducting 15 free special class every month live..next class is scheduled on 2/8/19 at 10am
Good morning Mam, please discuss/ clarify other units also🙏🙏
Ashima Negi
7 months ago
sure
Ashima Negi
7 months ago
don't forget to opt for live Classes using referral code - "negi1983-8777" for 10% discount on 1/6/12 month subscription.
Ashima Negi
7 months ago
valid till February..do inform me once you use it
Mam I have completed the payment but I didn't get the pdf for paper 1 This is my payment id:MOJO9327L05N94536421
Ashima Negi
6 months ago
Thank you for reaching out.. I have updated your query to team-studytalkwithashima, they are in touch with you. Any other query, do get in touch. Happy Learning.!
thank u so much ma'am.. love u ❤ kindly teach unit 5 as well of NTA management abt finance
Ashima Negi
7 months ago
sure .. do enroll for live Classes and get 10% discount using referral code -"negi1983-8777"
sirf read krti hai notes
Ashima Negi
7 months ago
trollers can't be explained
Ashima Negi
7 months ago
kindly listen to the video from start to finish only.
Sarbjeet kaur
4 months ago
priya listen carefully she is explaining very well
  1. UGC NET EXAMINATION 2019 METHODS TO UNDERSTAND COST ACCOUNTING IN 60 MINUTES By:- Assistant Professor(Ms.)Ashima Negi Candidate For Doctorate ( Ph.D.) UGC NET-Management. CA(I), MBA Finance, BBA, PGDM-Materials Management, NCFM, TQM & ISO 9000, QS 9000 & Assurance, CCIBL.


  2. CONTENTS INTRODUCTION DIFFERENCE BETWEEN COST ACCOUNTING AND FINANCIAL ACCOUNTIN STANDARD COSTING BUDGETS. ACTIVITY BASED COSTING TRANSFER PRICING.


  3. DIFFERENCE BETWEEN COST ACCOUNTING AND FINANCIAL ACCOUNTING Cost Accounting refers to that branch of accounting which deals with costs incurred in the production of units of an organization. On the other hand, financial accounting refers to the accounting oncerned with recording financial data of an organization, in order to it exact position of the business.


  4. BASIS FOR COMPARISON COST ACCOUNTING FINANCIAL ACCOUNTING Meaning Cost Accounting is an accounting system, through which an organization keeps the track of various costs incurred in the business in production activities Financial Accounting is an accounting system that captures the records of financial information about the business to show the correct financial position of the company at a particular date. Records the information which are in monetary terms. Information type Records the information related to material, labor and overhead, which are used in the production process Which type of cost is used for recording? Valuation of Stock Both historical and pre-determined cost Only historical cost. Cost or Net Realizable Value, whichever is less. At cost No, except for manufacturing firms it is mandatory Mandatory Yes for all firms. Time of Reporting Details provided by cost accounting are frequently prepared and reported to the management. Financial statements are reported at the end of the accounting period, which is normally 1 year