Principles Of Management ( Managerial) Accounting

Learn the Management Accounting Concepts that are a part of every university business program

What you'll learn

Know the different management accounting concepts

Be able to prepare a Cost Volume Profit Income Statement

Know how to conduct the high/low method for mixed costs

Be able to determine Breakeven in sales and sales required to achieve Target Net Income

Know how to interpret the Margin of Safety

Develop a Prepare the Master budget

Know how to Prepare a Cash Budget

Requirements

Excel Spreadsheets

Description

Management accounting, also called managerial accounting or cost accounting, is the process of analyzing business costs and operations to prepare internal financial report, records, and account to aid managers’ decision making process in achieving business goals. In other words, it is the act of making sense of financial and costing data and translating that data into useful information for management and officers within an organization.In this course, we cover the many Management Accounting concepts that are covered in Managerial ( Management) Accounting university course.Learn and Master Each Management Accounting Tool and Technique.Understand what managerial accounting is about and how differs from financial accountingKnow what the different roles that managers perform.Know the three different manufacturing costsKnow the difference between product costs and period costs.Develop a cost volume profit income statementUnderstand how costs change when sales changesCalculate break-even and target profit levelsDevelop a CVP analysis for a multi-product companyUnderstand operating leverage, how to calculate it and what it means to senior managementKnow how a job costing system works.Complete a Job Costing accounting system using excel spreadsheets.Design an activity-based costing system using excel spreadsheets.Develop an activity-based accounting modelUnderstand activity-based managementPrepare a Master Budget using excel spreadsheets to plan business operations.Know how to use the Flexible Budget to control operations.Student Comments: "Great course, I have learned so much more than I did from my professor at school." Aaron Morgan"very good explaining dr" Sabah

Overview

Section 1: Management & Management accounting

Lecture 1 Management Accounting Overview

Section 2: Module 1 - Introduction to managerial accounting

Lecture 2 Management and Management Accounting

Section 3: Manufacturing Costs and Financial Statements

Lecture 3 Manufacturing Costs overview

Lecture 4 Manufacturing Costs and Financial Statements

Section 4: Test Your Understanding on Manufacturing Costs

Section 5: Introduction to Planning Tools

Lecture 5 Planning Tools

Section 6: Module 2 - Cost Behaviour and the Contribution Margin

Lecture 6 Cost Behaviour overview

Lecture 7 CVP income ststement overview

Lecture 8 Cost Behaviour

Lecture 9 Test Your Understanding of Cost behavior

Section 7: Cost Volume Profit/Target Net Income/Margin of Safety

Lecture 10 Cost Volume Profit/Target Net Income/Margin of Safety

Lecture 11 CVP analysis and Target Net Income

Lecture 12 Cost Volume Profit

Section 8: Module 4 -Know how to perform Multi product Break even Analysis

Lecture 13 Sales mix overview

Lecture 14 Calculating Break even for a multi product company using sales mix

Lecture 15 Cost Structure and its effect on leverage

Section 9: Module 5 - Budget Planning

Lecture 16 Budget Planning of Operations

Lecture 17 Case on budget Planning

Section 10: Budget Control & Responsibility Accounting

Lecture 18 Budget Control

Lecture 19 Responsibility Accounting

Anyone who wants to understand management tools and techniques,Anyone wanting to improve their management knowledge