Principles Of Management ( Managerial) Accounting

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


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