What you'll learn
- How a job order costing system works and what type of business would use it
- How a process costing system works and what type of business would use it
- Cost volume profit analysis (CVP) and how CVP tools can be used to make business decisions rationally
- How to construct a master budget
- How to construct a flexible budget and use it to make rational decissions
- How to use responsibility accounting to hold different areas of a business accountable in a rational way
- Relevant cost analysis as a took to make rational business decissions
- Time value of money techniques to help make decision about long term projects
Requirements
- None
Description
Comprehensive managerial and cost accounting course. Topics include:
Β· Job order costing
Β· Process costing
Β· Cost volume profit analysis
Β· Master Budgets
Β· Flexible Budgets
Β· Responsibility accounting
Β· Relevant costs
Β· Time value of money
This course will go into detail about each topic. We will includeβ
Β· Practice Excel files with both an answer tab and a practice tab
Β· Lecture PDF files that can be downloaded and reviewed without internet access
Managerial accounting skills are critical skills necessary for successfully running a business because they provide tools to make rational business decisions.
Who this course is for:
- Business students learning managerial accounting concepts
- Business owners who want to apply managerial accounting concepts to make better decisions
- Business professionals who want to use managerial accounting concepts to improve their career
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