Introduction To Cost Accounting

1. The Concept Of Cost Accounting1.1. The Terms of Economics, Business and Accounting1.2. Cost Accounting: An Overlap Between Financial and Managerial Accounting1.3. Cost Accounting in Different Business Entities1.4. Definition and Aims of Cost Accounting2. Concepts Of Cost, Expense & Loss 3. The Basis Of Measuring Cost Process3.1. The Term of Cost Object3.2. The Term of Cost Center3.3. Cost Accumulation, Cost Assignment and Traceability3.4. Direct Cost Tracing and Cost Allocation4. Elements Of Cost4.1. Direct Material Cost4.2. Direct Labor Cost4.3. Manufacturing Overhead4.4. Prime Costs and Conversion Costs5. Classification Of Costs5.1. Classification by Functions5.2. Cost Classification by Nature5.3. Behavioral Costs5.3.1. Fixed Cost5.3.2. Variable Cost:5.3.3. Semi Variable Cost5.3.4. Step Cost5.4. Cost by Controllable6. Calculation Of Production Cost And The Costs Of The Goods Sold 6.1. Example I: Cost of Goods Manufactured (Without Beginning Work in Process Inventory)6.2. Example II: Cost of Goods Manufactured (With the Beginning Work in Process Inventory)6.3. Example III: Total Manufacturing Cost, Cost of Goods Manufactured and the Costs of Goods Sold6.4. The Statement of Cost of Goods Sold7. Recording Process Of Cost Accunting7.1. Cost Accounts Used in Turkish Uniform Accounting System (Including 7/A & 7/B)7.1.1. Cost Accounts as Required by Option 7/A7.1.2. Cost Accounts as Required by Option 7/B7.2. Comprehensive Example (Option 7/A)8. Origin, History And Evolution Of Cost Accounting8.1. Industrial Revolution8.2. Developments After the 1950s: Evolution to Managerial AccountingReferences