B Com Exam > B Com Videos > Cost Accounting > Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting
Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting Video Lecture | Cost Accounting - B Com
|
106 videos|173 docs|18 tests
|
FAQs on Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting Video Lecture - Cost Accounting - B Com
| 1. What is cost accounting? |  |
Ans. Cost accounting is a branch of accounting that focuses on the identification, recording, and analysis of costs associated with producing goods or services. It provides valuable information to management for decision-making and cost control purposes.
| 2. What is the purpose of cost accounting? | |
Ans. The purpose of cost accounting is to determine the cost of production, analyze the cost behavior, allocate costs to products or services, and provide information for managerial decision-making, such as pricing, budgeting, and performance evaluation.
| 3. What are analytical costs in cost accounting? | |
Ans. Analytical costs in cost accounting refer to the costs incurred for analyzing and evaluating the financial and operational data of a business. These costs include the salaries of cost accountants, the cost of computer software and hardware used for analysis, and any other expenses directly related to analytical activities.
| 4. How does cost accounting help in cost control? | |
Ans. Cost accounting helps in cost control by providing detailed information about the costs associated with various activities, departments, or products. By analyzing this information, management can identify areas of excessive costs, inefficiencies, or wastage and take appropriate measures to reduce or eliminate them.
| 5. What is the significance of cost accounting in decision-making? | |
Ans. Cost accounting plays a crucial role in decision-making by providing relevant cost information for evaluating different alternatives. It helps in determining the profitability of a product or service, assessing the feasibility of new projects, setting prices, and making informed decisions regarding resource allocation and cost reduction strategies.
Related Exams
About this Video
|
1.8K Views |
|
4.91/5 Rating |
|
Nov 15, 2024 Last updated |
Video Description: Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting for B Com 2024 is part of Cost Accounting preparation.
The notes and questions for Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting have been prepared according to the B Com exam syllabus.
Information about Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting.
Introduction of Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting in English is available as part of our Cost Accounting for B Com & Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting in
Hindi for Cost Accounting course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting Video Lecture | Cost Accounting - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Cost Accounting.
Information about Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting
Here you can find the meaning of Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting defined & explained in the simplest way possible.
Besides explaining types of Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting theory, EduRev gives you an ample number of questions to practice Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting tests,
examples and also practice B Com tests.
|
106 videos|173 docs|18 tests
|
Video Timeline
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
ppt
,Accounting & Analytical Costs - Introduction to Cost Accounting
,Cost Accounting Video Lecture | Cost Accounting - B Com
,Previous Year Questions with Solutions
,Objective type Questions
,Extra Questions
,practice quizzes
,Accounting & Analytical Costs - Introduction to Cost Accounting
,Exam
,Semester Notes
,Cost Accounting Video Lecture | Cost Accounting - B Com
,video lectures
,mock tests for examination
,Important questions
,MCQs
,Viva Questions
,Free
,study material
,Sample Paper
,Accounting & Analytical Costs - Introduction to Cost Accounting
,past year papers
,Summary
,Cost Accounting Video Lecture | Cost Accounting - B Com
,shortcuts and tricks
;
Study Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting on the App
Students of B Com can study Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Accounting & Analytical Costs - Introduction to Cost Accounting, Cost Accounting is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup