Principles of Management ( Managerial) Accounting
Learn the Management Accounting Concepts that are a part of every university business program
Business,Finance,Accounting & Bookkeeping
Lectures -9
Resources -19
Duration -1.5 hours
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Course 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 accounting
Know what the different roles that managers perform.
Know the three different manufacturing costs
Know the difference between product costs and period costs.
Develop a cost volume profit income statement
Understand how costs change when sales changes
Calculate break-even and target profit levels
Develop a CVP analysis for a multi-product company
Understand operating leverage, how to calculate it and what it means to senior management
Know 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 model
Understand activity-based management
Prepare a Master Budget using excel spreadsheets to plan business operations.
Know how to use the Flexible Budget to control operations.
Goals
- 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
Prerequisites
- Excel Spreadsheets
- Basic understanding of financial accounting
![Principles of Management ( Managerial) Accounting Principles of Management ( Managerial) Accounting](https://d3mxt5v3yxgcsr.cloudfront.net/courses/4256/course_4256_image.jpg)
Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction
1 Lectures
-
Introduction 01:45 01:45
Module 1 - Introduction to managerial accounting
1 Lectures
![Tutorialspoint](/market/public/assets/images/loader.gif)
Module 2 - Manufacturing Costs and Financial Statements
1 Lectures
![Tutorialspoint](/market/public/assets/images/loader.gif)
Module 3 - Cost Behaviour and the Contribution Margin
1 Lectures
![Tutorialspoint](/market/public/assets/images/loader.gif)
Module 4 -Know how to perform Multi product Break even Analysis
1 Lectures
![Tutorialspoint](/market/public/assets/images/loader.gif)
Module 4 - Cost Volume Profit/Target Net Income/Margin of Safety
1 Lectures
![Tutorialspoint](/market/public/assets/images/loader.gif)
Module 6 - Incremental Analysis in Decision making
1 Lectures
![Tutorialspoint](/market/public/assets/images/loader.gif)
Module 7 - Budget Planning-the Master Budget
1 Lectures
![Tutorialspoint](/market/public/assets/images/loader.gif)
Instructor Details
![Dr. John McLellan](https://www.tutorialspoint.com/assets/profiles/294301/profile/200_228782-1613373430.jpg)
Dr. John McLellan
I am a Professor of Management Accounting and Control Management with over thirty-five years of experience teaching
accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.
I earned the Certified Management Accountant Designation 40 years ago. With that I then earned my Master of Business Administration degree and later a Ph.D. in accounting. I also have earned the Certified Quality Auditor certification.
My passion is online teaching. I have over 400 instructional videos on my YouTube channel “Your Accounting Prof” and I have created over 30 management and accounting courses on various online platforms.
Dr. John
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