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This lesson illustrates the perspective of cost accounting as opposed to fi nancial
accounting. The author is
R Ram Mohan, a Financial Consultant and a former Financial
Controller of Alcatel Business Systems India Ltd. The lesson journeys through business
houses, shop fl oors and service delivery points to provide a fundamental understanding
of cost terms and concepts. Cost objects, cost drivers, fi xed costs, variable costs,
semivariable costs, full cost, unit cost, direct costs, indirect costs, prime costs
- a hat full of terms! They all become palpable. With the terms, defi nitions and
corresponding data established, the author moves on to Break Even Analysis. This
lesson is the primer in the trilogy (FM/CA1, FM/CA2 and FM/CA3).
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24 Mins
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26 Mins
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70 Pages
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Equivalent classroom time: 8hrs
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