#1 Process Costing Explained | ACCA F2 | Cost Accounting | Concept & Format | Commerce Specialist |

This video from Commerce Specialist explains the costing system of Process Costing. Detailed discussion is made on how to calculate expected output, how to calculate normal loss, how to calculate abnormal loss, how to calculate abnormal gain, the treatment of normal loss, the treatment of abnormal loss, the treatment of abnormal gain and how to prepare process cost account.
Explanation is also given regarding the treatment of scrap value of normal loss as well as the cost of disposing normal loss as well as how to calculate cost per unit.
This video is specially beneficial for students of ACCA F2, Management Accounting as well as for students of CIMA.
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[@santhoshreddyaluguvelli6587]

Very skillfull teaching sir, EXCELLENT💯

[@CommerceSpecialist]

Thanks👍😊

[@rangaprasad11]

Your teaching ia very understandable..

[@Dan-xn8gf]

Precise explanation !!!! Thanks alot!!

[@hgeditz624]

excellent job sir

[@CommerceSpecialist]

@@hgeditz624 thx dear🙏👍

[@abdulqadrsalawu3642]

Thumbs up Dr.

[@CommerceSpecialist]

@@abdulqadrsalawu3642 👍🙏

[@Youdontknowme444-r3s]

Please create playlists

[@CommerceSpecialist]

Sure

[@YouTubecookings]

Respected sir, I highly appreciate your informative video lectures😊. I have my MA2 examination scheduled for the last week of November 2024. Would you kindly create videos covering key concepts and topics for MA2? I would be grateful.

[@Professor-c1j]

Hi sir. Is there a video for process costing CPA or is it the same as that of ACCA

[@CommerceSpecialist]

@@Professor-c1j CMA and CPA is same

[@tomopatson317]

very good contend.

[@isaaccheza]

great work, may you touch on Work In Progress and Equivalent units of production

[@CommerceSpecialist]

@@isaaccheza thanks dear. Already done

[@rangaprasad11]

Thank u very helpful

[@MatselisoLentsa]

Where can I find the one for batch costing.

[@CommerceSpecialist]

@@MatselisoLentsa coming soon😊

[@NadiaNadia-gz2fu]

amazing

[@CommerceSpecialist]

Thx

[@fawwazawwafi1514]

So abnormal loss and gain doesnt effect cost per unit right

[@CommerceSpecialist]

@@fawwazawwafi1514 yes