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Understanding Basics Of Costing
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Detailed analysis of difference between cost accounting and financial accounting.

Ashima Negi is teaching live on Unacademy Plus

Ashima Negi
UGC NET-As.Prof.; Ph.D.(Doctorate Pursuing); CA(I);MBA-FINANCE;BBA;NCFM;PGDM;TQM; ISO9000 & QS9000;Assurance;CCIBL; UPSC Youtuber; UPPCS(2).

U
Unacademy user
thank u so much sir ....awesome vedio sir....... sir please make vedio on tripple talakh
DK
Good morning Mam, please discuss/ clarify other units also🙏🙏
Ashima Negi
21 days ago
sure
Ashima Negi
21 days 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
21 days ago
valid till February..do inform me once you use it
thank u so much ma'am.. love u ❤ kindly teach unit 5 as well of NTA management abt finance
Ashima Negi
20 days ago
sure .. do enroll for live Classes and get 10% discount using referral code -"negi1983-8777"
kindly explain in hindi also
Ashima Negi
a month ago
Using referral code - "negi1983-8777" you can view live Classes and chat + doubt sessions + pdf notes + mock test + previous year papers with solutions + recordings of previous/missed out sessions .. and with this code you can avail 10% off on subscription for 1/6/12 month. For all courses. Do inform once you use the code. Happy Learning.!
sirf read krti hai notes
Ashima Negi
a month ago
trollers can't be explained
Ashima Negi
a month ago
kindly listen to the video from start to finish only.
man thora smjha vi dijiye
  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