As per CA NEW SYLLABUS from MAY 2024 1:23 - CONCEPT ----------> INTRODUCTION 11:46 - CONCEPT ----------> CHAPTER OVERVIEW 25:32 - CONCEPT ----------> PROCESS A/C WITHOUT WIP (PYP May 2008) 1:48:41 - Illustration 3 2:41:38 - REVISION 2:54:17 - PYP May 2012 3:52:51 - CONCEPT ----------> PROCESS A/C WITH WIP 4:05:18 - Practical Problem 3 (FIFO) 4:58:00 - CONCEPT ----------> FIFO VS WAVG 5:03:55 - Practical Problem 3 (WEIGHTED AVERAGE) 5:37:52 - Practical Problem 4 (different figures) 6:30:22 - PYP Nov 2007 7:08:22 - MOTIVATION
00:11 CA Rahul Panchal offers free CA Inter Costing lectures 02:25 Understanding process costing and calculating costs of each process. 06:25 Estimating individual process costs and identifying responsible departments 08:37 Calculate the cost of each process in production. 17:41 Process account with WIP and steps to follow 21:05 Understanding process costing and following six steps 28:33 Process costing involves material, labor, and manufacturing expenses 30:24 Normal and abnormal losses explained 34:28 Understanding process costing for process accounts 36:24 Recording input material quantities and costs in process costing 41:28 Process cost calculation for normal loss 43:28 Understanding cost per unit formula 47:31 Normal cost per unit (CPU) is 32.5 per unit. 49:40 Process Costing summary 53:36 Abnormal loss cannot be recovered from the customer 55:27 The concept of normal and abnormal loss in process costing. 59:09 Abnormal loss should not be recovered from the customer. 1:00:58 Cost recovery from customer does not include abnormal losses. 1:04:39 Understanding the process of selling damaged units at scrap 1:06:31 Creating separate normal and abnormal loss accounts is essential for process costing. 1:11:40 Process scrap units in process costing 1:13:31 Understanding recovery and loss in process costing 1:17:27 Process to account prepared for 10 lines 1:20:33 Calculations on material, labor, and manufacturing expenses. 1:25:36 Transfer of output to finished goods is crucial 1:27:48 Preparation of abnormal loss and abnormal gain account 1:32:50 Understanding the relationship between input and output in process costing 1:34:54 Understanding abnormal gains in cost 1:38:49 Understanding Opportunity Cost 1:40:36 Comparison between benefits for jobless people and employed individuals 1:44:13 Units that are good yield extra amount of 8100. 1:46:04 Normal loss account not required 1:50:00 Process costing involves direct materials, direct expenses, manufacturing overhead, and normal loss. 1:53:19 Recording input and other expenses in process costing 1:57:59 Calculating total cost incurred and expected loss per unit 2:01:03 Calculate cost per unit up to four decimals. 2:06:36 Process Costing in action with 375 units 2:08:55 Explanation of net loss and transfer to costing P&L 2:14:52 Calculating normal loss and scrap value 2:17:24 Calculation of Cost per Unit (CPU) 2:22:50 Preparing for normal loss and abnormal gain accounts. 2:25:41 Discussing abnormal gains in process costing 2:30:34 Understanding the concept of opening and closing stock in process costing 2:32:40 Transferring units sold to costing panel 2:37:42 Understanding the calculation of selling price and the impact of abnormal gain and loss on the P&L account. 2:40:48 Process costing involves calculating costs of production steps. 2:44:09 Process of calculating scrap value and net cost in process costing 2:45:52 Recording actual output and identifying abnormal loss or gain 2:49:06 Process costing involves accounting for normal loss and abnormal gain. 2:50:44 Transfer normal loss to abnormal gain and then to Costing PNL 2:53:57 Process costing involves input material, direct wages, normal loss, and overhead recovery 2:55:47 Overheads recovery as a percentage of wages. 2:59:30 Process costing involves transferring output between processes and sales by individual processes 3:01:52 Creating a process account with a six-step model 3:07:43 Calculate cost per unit (CPU) based on given information 3:10:10 Bifurcation of output for process and costing 3:14:34 Discussing the division of output in Process Costing 3:16:32 Process costing involves recording input and expenses. 3:22:57 Process costing and accounting for partly sold units 3:24:53 Calculating abnormal gain and loss 3:32:24 Analysis of selling price and recording of cost and sale 3:34:29 Understanding cost per unit and scrap value 3:38:45 Output transfer to the next process 3:40:38 Process one selling 20 units, responsibility center or not 3:44:25 Understanding responsibility centers in process costing 3:46:13 Recording profits in process costing 3:50:03 Transferring partially sold and closing stock to finished goods account. 3:51:48 Process costing includes accounting for expenses based on provided ratios. 3:56:08 Equivalent production helps to understand the completion of work in progress units. 3:58:16 Understanding process completion and transfer to the next step 4:02:34 Process costing involves calculating cost per unit based on completion percentage 4:04:34 Understanding the process account for cost allocation 4:08:55 Process costing format includes opening wip, normal loss, output transfer, and closing wip. 4:11:18 The cost incurred in the opening WIP and during the current month needs to be corrected. 4:15:08 Explanation of FIFO method in process costing 4:16:57 Summary of Process Costing Steps 4:21:50 Understanding equivalent production and material usage in process costing. 4:23:44 Process costing for current period with no material usage 4:27:54 Calculating work-in-progress percentages using shortcuts 4:29:48 Process Costing steps summarized 4:36:06 Calculating cost per unit using process costing 4:38:30 Calculation of unit cost using process costing 4:42:18 Understanding the process costing method 4:44:54 Understanding the costs incurred in the current period 4:48:53 Process costing involves allocating costs from previous periods to the current period. 4:51:03 Cost incurred in current period for process costing 4:55:26 Process costing steps and abnormal amount 4:58:01 Understanding the difference between FIFO and weighted average method 5:01:51 Cost per unit calculation and implications in process costing methods 5:03:39 Creating a format for solving process costing using FIFO and weighted average methods. 5:09:29 Process Costing Steps 5:11:19 Weighted average method requires thinking in totality 5:16:20 Units transferred to next process 5:18:23 Materials usage and worker productivity in process costing 5:22:23 Process costing involves tracking costs incurred in previous and current periods. 5:24:45 Calculation of Cost per Unit (CPU) based on net cost incurred 5:29:24 Calculation of closing work in process (WIP) under FIFO method 5:31:33 Copy answers to main statement, process account should tally 5:36:17 Process Costing Calculation Steps Overview 5:38:17 Process Costing Steps Overview 5:44:05 Expenses written separately in process account. 5:46:29 Process costing involves normal loss, output transfer, and closing WIP. 5:51:13 Abnormal loss is a balancing figure 5:53:24 Identifying key values for process costing 5:58:45 Explaining calculation of equivalent production 6:01:38 The video covers the calculation of cost per unit using the weighted average method. 6:06:48 Understanding and calculating abnormal loss in process costing. 6:08:38 Calculation of scrap value from process account credit side 6:13:11 Two ways to calculate net worth 6:15:13 Process costing involves calculating abnormal loss 6:20:01 Process Costing Calculation and Closing WIP 6:23:53 Balancing figure considered for abnormal loss 6:31:14 Understanding the process account and work-in-progress in process costing 6:34:22 Understand the concept of conversion cost. 6:38:39 Identification of defects in finished products 6:40:31 Material is used at the beginning of the process 6:44:39 Closing the quantity column yields abnormal loss or gain 6:47:33 Process Costing involves calculating equivalent output and value for key elements. 6:55:34 Process Costing calculation steps overview 6:59:13 Statement distribution of cost and apportionment of cost 7:05:31 Process costing involves transferring output values and balancing figures. 7:08:07 Explanation of time allocation for various activities
26:08 Problem Starts 1:31:23 Abnormal Gain A/C in Solution 1 1:48:32 Illustration 3 (ICAI SM) 2:54:15 Solution to 3 (CA RP Sir’s Workbook) 3:52:38 Concept of PROCESS A/C WITH WIP 4:05:20 Practical Ques 3 (ICAI SM) wrt POCESS A/C WITH WIP
Learning Cost without any Cost!!!😃 How Selfless you are, Sir!! Full Portion at free of cost without any compromise in conceptual clarity and that too in English, which benefits students like me from South India. You are a Gem!!!💎❤
You teach with love and effort and energy that draws in every student. What a gift! ...🌸🌹 The best teachers teach from the heart🙏🙏🙏 thank u so much sir
As per CA NEW SYLLABUS from MAY 2024
1:23 - CONCEPT ----------> INTRODUCTION
11:46 - CONCEPT ----------> CHAPTER OVERVIEW
25:32 - CONCEPT ----------> PROCESS A/C WITHOUT WIP (PYP May 2008)
1:48:41 - Illustration 3
2:41:38 - REVISION
2:54:17 - PYP May 2012
3:52:51 - CONCEPT ----------> PROCESS A/C WITH WIP
4:05:18 - Practical Problem 3 (FIFO)
4:58:00 - CONCEPT ----------> FIFO VS WAVG
5:03:55 - Practical Problem 3 (WEIGHTED AVERAGE)
5:37:52 - Practical Problem 4 (different figures)
6:30:22 - PYP Nov 2007
7:08:22 - MOTIVATION
By any chance did u do self study? If yes do you know any playlist for fm nd audit
Bro operating costing?
@@ruthushreebn6164Refer rishab jain sir for audit and sm, ksj for fm Siddharth Surana for tax
00:11 CA Rahul Panchal offers free CA Inter Costing lectures
02:25 Understanding process costing and calculating costs of each process.
06:25 Estimating individual process costs and identifying responsible departments
08:37 Calculate the cost of each process in production.
17:41 Process account with WIP and steps to follow
21:05 Understanding process costing and following six steps
28:33 Process costing involves material, labor, and manufacturing expenses
30:24 Normal and abnormal losses explained
34:28 Understanding process costing for process accounts
36:24 Recording input material quantities and costs in process costing
41:28 Process cost calculation for normal loss
43:28 Understanding cost per unit formula
47:31 Normal cost per unit (CPU) is 32.5 per unit.
49:40 Process Costing summary
53:36 Abnormal loss cannot be recovered from the customer
55:27 The concept of normal and abnormal loss in process costing.
59:09 Abnormal loss should not be recovered from the customer.
1:00:58 Cost recovery from customer does not include abnormal losses.
1:04:39 Understanding the process of selling damaged units at scrap
1:06:31 Creating separate normal and abnormal loss accounts is essential for process costing.
1:11:40 Process scrap units in process costing
1:13:31 Understanding recovery and loss in process costing
1:17:27 Process to account prepared for 10 lines
1:20:33 Calculations on material, labor, and manufacturing expenses.
1:25:36 Transfer of output to finished goods is crucial
1:27:48 Preparation of abnormal loss and abnormal gain account
1:32:50 Understanding the relationship between input and output in process costing
1:34:54 Understanding abnormal gains in cost
1:38:49 Understanding Opportunity Cost
1:40:36 Comparison between benefits for jobless people and employed individuals
1:44:13 Units that are good yield extra amount of 8100.
1:46:04 Normal loss account not required
1:50:00 Process costing involves direct materials, direct expenses, manufacturing overhead, and normal loss.
1:53:19 Recording input and other expenses in process costing
1:57:59 Calculating total cost incurred and expected loss per unit
2:01:03 Calculate cost per unit up to four decimals.
2:06:36 Process Costing in action with 375 units
2:08:55 Explanation of net loss and transfer to costing P&L
2:14:52 Calculating normal loss and scrap value
2:17:24 Calculation of Cost per Unit (CPU)
2:22:50 Preparing for normal loss and abnormal gain accounts.
2:25:41 Discussing abnormal gains in process costing
2:30:34 Understanding the concept of opening and closing stock in process costing
2:32:40 Transferring units sold to costing panel
2:37:42 Understanding the calculation of selling price and the impact of abnormal gain and loss on the P&L account.
2:40:48 Process costing involves calculating costs of production steps.
2:44:09 Process of calculating scrap value and net cost in process costing
2:45:52 Recording actual output and identifying abnormal loss or gain
2:49:06 Process costing involves accounting for normal loss and abnormal gain.
2:50:44 Transfer normal loss to abnormal gain and then to Costing PNL
2:53:57 Process costing involves input material, direct wages, normal loss, and overhead recovery
2:55:47 Overheads recovery as a percentage of wages.
2:59:30 Process costing involves transferring output between processes and sales by individual processes
3:01:52 Creating a process account with a six-step model
3:07:43 Calculate cost per unit (CPU) based on given information
3:10:10 Bifurcation of output for process and costing
3:14:34 Discussing the division of output in Process Costing
3:16:32 Process costing involves recording input and expenses.
3:22:57 Process costing and accounting for partly sold units
3:24:53 Calculating abnormal gain and loss
3:32:24 Analysis of selling price and recording of cost and sale
3:34:29 Understanding cost per unit and scrap value
3:38:45 Output transfer to the next process
3:40:38 Process one selling 20 units, responsibility center or not
3:44:25 Understanding responsibility centers in process costing
3:46:13 Recording profits in process costing
3:50:03 Transferring partially sold and closing stock to finished goods account.
3:51:48 Process costing includes accounting for expenses based on provided ratios.
3:56:08 Equivalent production helps to understand the completion of work in progress units.
3:58:16 Understanding process completion and transfer to the next step
4:02:34 Process costing involves calculating cost per unit based on completion percentage
4:04:34 Understanding the process account for cost allocation
4:08:55 Process costing format includes opening wip, normal loss, output transfer, and closing wip.
4:11:18 The cost incurred in the opening WIP and during the current month needs to be corrected.
4:15:08 Explanation of FIFO method in process costing
4:16:57 Summary of Process Costing Steps
4:21:50 Understanding equivalent production and material usage in process costing.
4:23:44 Process costing for current period with no material usage
4:27:54 Calculating work-in-progress percentages using shortcuts
4:29:48 Process Costing steps summarized
4:36:06 Calculating cost per unit using process costing
4:38:30 Calculation of unit cost using process costing
4:42:18 Understanding the process costing method
4:44:54 Understanding the costs incurred in the current period
4:48:53 Process costing involves allocating costs from previous periods to the current period.
4:51:03 Cost incurred in current period for process costing
4:55:26 Process costing steps and abnormal amount
4:58:01 Understanding the difference between FIFO and weighted average method
5:01:51 Cost per unit calculation and implications in process costing methods
5:03:39 Creating a format for solving process costing using FIFO and weighted average methods.
5:09:29 Process Costing Steps
5:11:19 Weighted average method requires thinking in totality
5:16:20 Units transferred to next process
5:18:23 Materials usage and worker productivity in process costing
5:22:23 Process costing involves tracking costs incurred in previous and current periods.
5:24:45 Calculation of Cost per Unit (CPU) based on net cost incurred
5:29:24 Calculation of closing work in process (WIP) under FIFO method
5:31:33 Copy answers to main statement, process account should tally
5:36:17 Process Costing Calculation Steps Overview
5:38:17 Process Costing Steps Overview
5:44:05 Expenses written separately in process account.
5:46:29 Process costing involves normal loss, output transfer, and closing WIP.
5:51:13 Abnormal loss is a balancing figure
5:53:24 Identifying key values for process costing
5:58:45 Explaining calculation of equivalent production
6:01:38 The video covers the calculation of cost per unit using the weighted average method.
6:06:48 Understanding and calculating abnormal loss in process costing.
6:08:38 Calculation of scrap value from process account credit side
6:13:11 Two ways to calculate net worth
6:15:13 Process costing involves calculating abnormal loss
6:20:01 Process Costing Calculation and Closing WIP
6:23:53 Balancing figure considered for abnormal loss
6:31:14 Understanding the process account and work-in-progress in process costing
6:34:22 Understand the concept of conversion cost.
6:38:39 Identification of defects in finished products
6:40:31 Material is used at the beginning of the process
6:44:39 Closing the quantity column yields abnormal loss or gain
6:47:33 Process Costing involves calculating equivalent output and value for key elements.
6:55:34 Process Costing calculation steps overview
6:59:13 Statement distribution of cost and apportionment of cost
7:05:31 Process costing involves transferring output values and balancing figures.
7:08:07 Explanation of time allocation for various activities
26:08 Problem Starts
1:31:23 Abnormal Gain A/C in Solution 1
1:48:32 Illustration 3 (ICAI SM)
2:54:15 Solution to 3 (CA RP Sir’s Workbook)
3:52:38 Concept of PROCESS A/C WITH WIP
4:05:20 Practical Ques 3 (ICAI SM) wrt POCESS A/C WITH WIP
Thank you soo much sir for providing english lectures.....Its very helpfull to south indian students like me🙏🙏🙏🙏🙏🤗🤗🤗🤗
idli dosa vada sambhar
@@harshsingh1403..bolo juba kesari✌️✅Ajay devagan
Learning Cost without any Cost!!!😃
How Selfless you are, Sir!! Full Portion at free of cost without any compromise in conceptual clarity and that too in English, which benefits students like me from South India.
You are a Gem!!!💎❤
you are an "Indian" from the south brother not "south Indian"
@@@krrishnaynam4937 yeh wala maine suna hua hai, in an interview with Owasi
Q1-26:20
Q2-1:48:42
Revision-2:41:38
Q3-2:54:24
Process A/cWIP-3:52:46
Q4-4:07:29
Revision steps WIP-5:35:12
Q5-5:38:35
Q6-6:30:03
5:37:48 Similar to Practical Ques 4
6:30:23 Solution to 6 (CA RP Sir’s Workbook)
Wow…..fallen in love with this chapter , you are not a teacher , you are a guru…. Thank you sir
U have taught this chap in a very beautiful manner sir !! Thanks a lot !!
you make every chapter so easy by your way of teaching
You teach with love and effort and energy that draws in every student. What a gift! ...🌸🌹
The best teachers teach from the heart🙏🙏🙏 thank u so much sir
Amazing lectures sir, not at all complicated. Everything understood conceptually + systematically. Thankyou looking forward for more chapters :)
finally understood logic behind difference in FIFO and WAM for process a/c with WIP
Wooow ❤️ best classes with charts concepts i have ever seen 💕😍
Sir, You are a very nice human being😃 .
Watching this video of 7 hours is complete worth..... Very easy to understand ....
2:41:41 -- mini revision
3:38:28
sir in the google drive notes the steps are not given
where can i find it ?????
Thanks sir for all the costing lecture..🙏🙏🙏🙏
Thank u sir 🙏 ☺ for these lectures
Sir I can't thank you enough 🙏🙏🙏 your teaching is insane 🔥100% concept clarity!!!
May god fulfill your every wish🙏🤌
Thanku so much sir for this lecture...after completing this lecture I can surely say that it's totally worth it😌🙏
Hello
Where are the questions from?
In module it is not there
@@tushartated1780 in description of video there is Google drive link of notes
@@nikki1450 thank you
@@nikki1450 Are u preparing for ca inter
4:05:25 equivalent
One of the best facalty for "COST AND MANAGEMENT ACCOUNTING"
Thank u so much sir ji😇🙏
Thankyou so much sir....God bless❤🙏
2:54:16 new question
Sir please make more videos on other chapter like this 7-8 hours it helps a lot ...
Thank you so much sir ...😊😊
Sir u r great ! The way of teaching is fabulous 😍Very easy to understand ❤️
thank you so much sir for providing costing lectures❤️it helps me a lot.
sir, service costing needed urgently..thank you sir for these lesctures
3:45
Awesome Lectures 😍
Outstanding lecture ❤️
part 1 0:00 to 3:52:00
Where are the questions from?
In module it is not there
@@tushartated1780 you can download these questions pdf from link in description
THANK YOU SO MUCH SIR
😍😍😍😍 op session
Thank you 🙏🏻🙏🏻
sir can you pls upload lecture of operating costing ,thank you sir
Sir, will u upload all chapters?
amazing lecture sir
Sir interprocess profits ?
Thanku sir
Thankyou so much for the best lecture sir 🎉 very useful 🤩
Thank you very much sir
#Process costing done ☑️☑️☑️☑️☑️☑️
Thankq so much sir ji ❤️❤️❤️❤️❤️for lecture
contact costing kidr se kra tmne bhai?
sir please make a video on may 23 costing paper
Hii sir is covering module or not??
Yes
@@kaviya_k12 most of all type of questions cover
(Plz also refer lec 4.02)
@@XYZ.....844 Where are the questions from?
In module it is not there
can cma inter student watch this lecture ??????????????
2:47:45
Superb lectures
#CAarmor❤❤
Q1 came in Nov 22
Contract costing kab aayega sir
Sir please upload standard costing
😍
Sir please upload overhead chapter for may 22... please sir..
Sir Are these lectures applicable for cma inter please reply
same qustion ??
Sir will u provide costing charts?
Plz check Google drive link given in the description its uploaded now
@@TRP_Sir Where are the questions from?
In module it is not there
Can we use such short forms in exam like WIP, CPU and OH?
@@veda9347 I know that, I'm asking if these can be used in exam or not.
CPU is Cost per unit
Oh sorry 😐 my bad ,we shouldn't use them in exam.
@@jyothathi9566you can explain the full form at beginning like p.u= per unit & then u can use the short form in further answer
Sir process costing chapter and reconciliation statement chapter hindi language me krva do please
🥹
Thank you so much sir 😊
4:57:57
Thank you sir amazing lecture
3:57:57
😍😍
4:58:24