Advance Cost Accounting – Easy Education Bangladesh

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Paper Code : 312503	——	Credits : 4	Class Hours :120 hrs.
Paper Title :	Advanced Cost Accounting

Course Content

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Chapter-1 Cost Estimation and Regression Analysis
Cost Estimation approaches-Engineering studies-Account Classification –Regression Analysis for Cost Estimation-Regression Equation –Multiple Regression –Planning for Regression Analysis of Business Data. (Kaplan & Rayburn).

Chapter-2 Cost Allocation
Cost Allocation 1. The terminology for Cost Allocation-Purposes of Cost Allocation-Criteria to guide Cost Allocation Decision-Allocation costs from one department to another department-Allocating costs of service department and common costs. Cost pool-Single pool vs. Dual pool-choosing cost application bases-contribution to Cost Allocation-Cost justification and reimbursement.

Chapter-3 Direct and Absorption Costing
Variable costing and Absorption costing-Impact of changes in Manufacturing Environment-Comparison of Variable and Absorption Costing-Advantage of Variable Costing-dangers of Variable costing-Variable costing for External Reporting –Role of various denominator levels in Absorption costing-Characteristics of Capacity-Measurement of Capacity-Inventory and Income effects-Adjusting inventories for External reporting.

Chapter-4 Joint Products and By Products
Joint Products and by Products- Comparison with Scrap-Common Costs and Joint costs-Why to allocate Joint Cost?-Split-off point and Separable cost –Irrelevance of Joint Costs for Decision making-Assignment of Costs to Joint products-Accounting for By Products-Assigning Inventory value to By Products Produced-Income from By products sold –Journal entries for By products.

Chapter-5 Operation Costing and Backflush Costing
Overviews of Operation Costing-Journal entries for an Operation Costing System-Operation Costing and Activity based costing-Definition of Backhflush Costing-Different versions of Backflush costing-Journal entries for Backflush Costing.

Chapter- 6 Adapting Cost Accounting to a Cost Management Approach
Traditional Cost Accounting Systems: Designed to monitor direct labor costs-Inventory Profits are not real profits-Economics of Scale-Holding inventory is expensive-Cost Management Concepts: Developing a Cost Management System-Benefits of Cost Management-Benefits of Cost Management-Zero defect program.

6.1 Cost Sheet

6.2 Labor

6.3 Material

Chapter-7 Inventory Management Systems
Economic Order Quantity-Material Requirements Planning (MRP)-Just-in-time (JIT)-Automated Environment-Impact of Not Automating –Gains from improved manufacturing performance. Cost Accounting for Tomorrow’s Factory: Optimizing Productions technology (OPT)-Flexible Manufacturing Systems–Pull/Push System–Change in Performance Evaluation-Changing Methods of Reporting Cost Information.

Chapter-8 Operations Management and The Cost Accountant
Linear Programming Model-LP requirements-Lack of Constraints-Effects of Constraints-Substitution of Scarce resources-Solution Methods-Implications of LP for Managers and Accountants. (Rayburn).

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About Course

Course Content

Support Groups

Whats apps

Chapter-1 Cost Estimation and Regression Analysis Cost Estimation approaches-Engineering studies-Account Classification –Regression Analysis for Cost Estimation-Regression Equation –Multiple Regression –Planning for Regression Analysis of Business Data. (Kaplan & Rayburn).

Class Brief

Class-1 Requirements 1-5

CLass-2 Requirements 6-15

Class-3 Requirements 16-23

Class Brief

Class-1 Requirements 1-7

Class-2 Requirements 8-11

Class-3 Requirements 12-16

Class Brief

Class-1 Requirements 1-4

Class-2 Requirement 5

Class-3 Requirements 6-7

Class Brief

Chapter-5 Operation Costing and Backflush Costing Overviews of Operation Costing-Journal entries for an Operation Costing System-Operation Costing and Activity based costing-Definition of Backhflush Costing-Different versions of Backflush costing-Journal entries for Backflush Costing.

Class Brief

Class-1 Requirements 1-4

Class-2 Requirements 5-8

6.1 Cost Sheet

Class Brief

Class-1 Requirements 1-12

Class-2 Requirements 13-16

Class-3 Requirements 17-20

6.2 Labor

Class Brief

Class-1 Requirements 1-4

Class-2 Requirements 5-8

6.3 Material

Class Brief

Class-1 Requirements 1-8

Class-2 Requirements 9-16

Class Brief

Class-1 Requirements 1-7

Class-2 Requirements 8-14

Chapter-8 Operations Management and The Cost Accountant Linear Programming Model-LP requirements-Lack of Constraints-Effects of Constraints-Substitution of Scarce resources-Solution Methods-Implications of LP for Managers and Accountants. (Rayburn).

Student Ratings & Reviews

Happy New Year-2026

Chapter-1 Cost Estimation and Regression Analysis
Cost Estimation approaches-Engineering studies-Account Classification –Regression Analysis for Cost Estimation-Regression Equation –Multiple Regression –Planning for Regression Analysis of Business Data. (Kaplan & Rayburn).

Chapter-5 Operation Costing and Backflush Costing
Overviews of Operation Costing-Journal entries for an Operation Costing System-Operation Costing and Activity based costing-Definition of Backhflush Costing-Different versions of Backflush costing-Journal entries for Backflush Costing.

Chapter-8 Operations Management and The Cost Accountant
Linear Programming Model-LP requirements-Lack of Constraints-Effects of Constraints-Substitution of Scarce resources-Solution Methods-Implications of LP for Managers and Accountants. (Rayburn).