Introduction to Cost Accounting | Cost Accounting | CPA Exam BAR | CMA Exam

This course is an introduction to cost accounting. Cost accounting is defined as "a systematic set of procedures for recording and reporting. Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense.
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cost management information to assist in implementing the organization’s strategy. Cost management information consists of financial information about costs and revenues and non- financial information about customer retention, productivity, quality, and other key success factors for the organization. Cost management is the development and use of cost management information. The strategic role of the management accountant in an organization is explained in the definition of management accounting provided by the Institute of Management Accountants (IMA). Relevant additional information on the definition can be found in the IMA’s Statement on Management Accounting: Definition of Management Accounting. Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy. Management accountants use their unique expertise (decision making, planning, performance management, and more), working with the organization’s managers, to help the organization succeed in formulating and implementing its strategy.

[@sangyounhan2572]

This is the best cost accounting lectures I've ever watched. Thank you.

[@AccountingLectures]

You are most welcome. Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342

[@CLOSETFUNGUS64]

Watching this before I start my cost class so I can get ahead of the game 🙏

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@DreamFirms]

I'm amazed by your efficiency in explaining things. Such a great teacher.

[@AccountingLectures]

Glad it was helpful! Thank You. For more, visit my website at: www.farhatlectures.com

[@savor950]

Hi, I know that accounting rules don't change that often but when new rules are updated, are these videos updated with the most current rules? I am just curious. Thanks!@@AccountingLectures

[@cheakeo1647]

manufacturing overhead was applied to production. due to greater than expected demand for its products. the company worked $80000machine - hours on all jobs during the year

[@aakanshasingh6348]

This is the best cost accounting lecture thank you so much sir

[@AccountingLectures]

You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: [e-mail]

[@mustakes]

Thank you Sir ✅✅✅

[@user-wd1ls5fc3p]

I now understand better .. thanks!!

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

[@RanaTheRoamer]

Wonderful teacher and very focused approach. Please any books or related notes available?

[@mohammadnadeem5708]

Very useful and perfect lecture. Tnx

[@AccountingLectures]

You are most welcome! Thank you and please visit the website for more farhatlectures.com/

[@estherharris6837]

This is very helpful

[@AccountingLectures]

You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: [e-mail]

[@nassrrenmhmoud3665]

GOOD

[@abulabbas285]

Thank you so much

[@AccountingLectures]

Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342

[@musicanieli12]

What book have you used in this video?

[@Clifffffffffford]

Thanks 🙏

[@AccountingLectures]

You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: [e-mail]

[@CarlosRivera-kc5df]

You are an excellent teacher...Can you please create course specific for construction accounting? Thanks

[@AccountingLectures]

Maybe in the near future. Check my website for more: farhatlectures.com/

[@shikhadhir851]

Hi can you please upload all cost accounting chapters. This playlist don't include chapters like strategic management of costs, strategic management decisions, transfer pricing, inventory management, sustainability accounting, strategic performance measurement.

[@srinivasramakrishna7192]

Sir, can you enable the speed option such that I can view and follow at my pace/speed for each video, The option is not visible or disabled, Thanks

[@AccountingLectures]

I don't control that aspect of the video.

[@erchany]

Dear Professor, Where do i get power points for cost accounting? Is there any links?

[@AccountingLectures]

Hi Joshua, email me at [e-mail] are welcome. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Website: farhatlectures.com/

[@andrewca1659]

Professor Farhat, how did you get so good at everything accounting related?

[@alphawt]

He is just amazing! Isn't he?

[@doolomer8873]

From Somalia, thanks my Allah bless you, plz could you tell me what book is this?

[@AccountingLectures]

Hi Dool, I did not use a particular book for this course,. Any cost accounting textbook should be good Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342

[@user-wh4ke3rd5u]

Assalamu'alakum.. Can you please explain all chapters of this book: Blocher, EJ, Stout, DE, & Coins, G., Cost management: a strategic emphasis, 5th Edition. McGraw-Hill Education, Please please please💔😭

[@flipflop4004]

management and accounting are the same?

[@AccountingLectures]

You are most welcome. Please subscribe and share. farhatlectures.pathwright.com/library/ Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: [e-mail]

[@fawad4523]

Dear professor i have some queries in cost accounting where I can ask you the questions???

[@AccountingLectures]

I am assuming it is quires about my lectures. Underneath each lecture

[@fawad4523]

@@AccountingLectures sir actually I went through all your lectures but there are things which are no covered under your lectures and i need a teacher to pull me out

[@AccountingLectures]

I can help with my lectures.

[@fawad4523]

@@AccountingLectures sure sir u already do

[@cheakeo1647]

Journal teacher

[@AccountingLectures]

you are welcome. Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn. website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/professorfarhat/

[@yasserfathelbab1534]

00:33 No worries Professor, go on 😂😂🤍

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/