Basic Accounting Lecture Notes | Online Cost and Financial Accounting Tutorials

Variance Analysis Practice Question

This is the First and very basic question on Variance Analysis

Try this. Answer to this has been published Now.

This answer will be followed by a video tutorial.

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variance analysis question Variance Analysis Practice Question

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solution material price usage variance Variance Analysis Practice Question
solution labour wage rate efficiency variance1 Variance Analysis Practice Question
reconciliation of labour material cost1 Variance Analysis Practice Question

Variance analysis video lecture in Urdu

This is the second lecture on the Variance analysis.
In this lecture labour variances have been discussed.
Language: Urdu/(if you know Hindi, you can also understand that).
Lecture in English will be Posted soon (IA).

If you face any difficulty in viewing this, you can comment below.

Download Links will be available soon.
Continue reading “Variance analysis video lecture in Urdu (Material)” →

Financial Accounting Basic Terms Practice Questions

Title: Basic Accounting Terminology (Financial Accounting)

Type: Fill in the Blanks

Number of questions: 17 (version 1.7)

Passing Percentage: 70%

Time limit: No (Unlimited)

Each Question Carries: 10 marks.

Downloadable: Yes(See Below)

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Variance Analysis (Material) Video Lecture In URdu

This is the first lecture on Variance analysis.
In this lecture Material variances have been discussed.
Language: Urdu/(if you know Hindi, you can also understand that).
Lecture in English will be Posted soon (IA).

If you face any difficulty in viewing this, you can comment below.

Download Links will be available soon.

Continue reading “Variance Analysis (Material) Video Lecture In Urdu” →

Factory overhead Problems, Practice Questions, MCQs

Title: Factory Overhead (cost accounting)

Type: True False

Number of questions: 10 (version 1)

Minimum percentage to Pass test: 70%

Time limit for each question: Yes (20 seconds)

Each True/False carry: 5 marks.

Downloadable: Yes

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Final Accounts Questions (MCQs and True False)

Test your knowledge about Final Accounts of financial accounting. These are basic true/false questions.

Currently there are 10 questions. (Vol 1)

Each question has a time limit of 15 seconds (unless specified otherwise)

To pass, you must get 70% Marks.

Download links are also given, and it is advised to download first and then attempt the test (particularly if you have slow internet connection)

Finally, don’t forget to give feedback (error, suggestion, appreciation criticism etc). comment below (at the end of the page) to convey your message.

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Video Lectures::: Profit Volume Chart

This is the third video lecture on ‘cvp analysis charts and graphs chapter’. In the previous lectures we learned how to construct breakeven charts. In this lecture you will learn how to draw P/V chart. It is assumed that you have watched previous lectures. (If not click here)

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Variance Analysis :: Labour Variances

There are two types of variances in case of labour.

1) Wage Rate Variance

If the variance is occuring due to the difference in wage rates (Actual v.s Standard), then it shall be called wage rate variance.

2) Labour Efficiency Variance

Efficiency relates to the labour hours. Let us suppose that we Continue reading “Variance Analysis :: Labour Variances” →

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