Standard Costing & Variance Analysis:
Standard costing is the practice of replacing an expected cost for an actual cost in the accounting records. Let’s learn an important costing technique- Standard costing and variance analysis in accounting and understand its application and difference from costing methods.
The training will include the following:
- What is standard costing?
- Definition of standard.
- What is standard cost?
- Steps in standard costing.
- Variance Analysis
- Types of variances
- Material, labour and overhead variance.
- Merits and demerits of standard costing.
- Cost Accountants
- Tax consultants
- Foundation knowledge of Accounting terms
- Passion to learn and apply