100% Discount || Managerial Accounting the Easy Way

How can you make business decisions that will improve efficiency, reduce costs, and grow the business?

As a manager or business owner you have to make important decisions.

• Do you want to know how many nights you need to rent your Air BNB to break-even?
• Do you need to reduce the risk of a startup business as an entrepreneur?
• Do you need to hone your budgeting skills?
• These and many more questions are answered in this course.

You’ll learn a better approach to decision making.

This course is designed for any level and there are no prerequisites. From an entrepreneur to a manager at a company working his or her way up the ladder, this course provides an explanation of key tools to improve your business performance.

Each lesson is streamlined to cover the topic in manageable pieces. You will follow example companies and case studies derived from a real-world application. You are then given discussion questions and quizzes to test your knowledge along the way.

Lesson 1: Defining Managerial Accounting:

Managerial accounting differs from other accounting work. It is a field specifically for providing managers with tools to improve their decision making. Let’s begin our journey with an explanation of what managerial accounting is all about.

Lesson 2: Financial Accounting vs Managerial accounting:

Managerial accounting is very different from financial accounting. This lesson delves into the specifics of what makes managerial accounting unique. Who are the primary users? What kind of reports are used? How are standards and ethics derived?

Lesson 3: Trends:

Managerial accounting is a dynamic profession. Every day changes in technology, society, and culture impact how managers approach their organization. Let’s consider some key trends in managerial accounting and reporting.

Lesson 4: Foundational concepts:

Before we can start into more complicated analysis and decision making, we need to build a foundation of key concepts. We begin with a discussion of how various business models differ and what approach is needed for their analysis.

Lesson 5: Foundational Concepts – Product Costs:

Managers need to understand the cost of their product in order to proceed into analysis. What costs go into the product? What kind of costs are period costs used in the selling and administrative functions of the business? This lesson will build an understanding of each.

Lesson 6: Foundational concepts – Profitability:

A key to success in business is profitability. In this lesson we will take our developing understanding of costs and learn how it relates to calculating profitability of a business. Once that is better understood, managers will be on their way to improved decision making.

Lesson 7: Processing vs Job cost:

How can we determine what costs go with what product? How can we apply costs to products? When is one cost process better suited than another? These are all questions covered in this lesson. Managers that understand cost allocation will make appropriate decisions on products. Mangers will be able to improve pricing and improve job quotes.

Lesson 8: Job Cost – Materials:

Job costing is tool used for manager by managers to apply costs to various jobs with unique characteristics. Let’s follow an example company along the way as the managers begin to apply costs to a specific job.

Lesson 9: Job cost – Labor and Overhead:

This lesson continues where the last left off. Now we discuss the allocation of labor to our product. We consider how we might apply overhead to the job at hand.

Lesson 10: Allocating costs of multiple products:

Most businesses don’t sell a single product but have multiple lines they offer to customers. In that situation we will need to divide our overhead costs between the various products in a manner that best represents the nature of the product and process used in operations. This lesson is an overview of the importance of allocating costs between multiple products. We begin with a traditional cost allocation method.

Lesson 11: Departmental overhead rate:

Changes in manufacturing and operations for service businesses means traditional cost allocation methods are not always the best fit. This lesson will explain how dividing up costs based on the departmental organization of a business might be the best fit.

Lesson 12: Activity Based Costing:

We continue our understanding of allocating overhead costs between products in this lesson. In some situations, managers will use the activities in the operations to allocate costs between products. Managers can develop multiple rates based on each activity. The use of this method, called Activity Based Costing (ABC), might improve allocation of costs to the various products or services.

Section 3: Cost Behavior:

Costs are not just dollar amounts that managers subtract from revenue. Costs behave differently so managers need to treat costs based on that behavior. By understanding cost behavior, we can then develop analysis such as break-even point or targeting profits. Cost behavior is also a key component in pricing. Finally, cost behavior can be used in specific operating decisions such as make or buy components or if it will benefit to eliminate a business segment.

Lesson 13: Cost Behavior:

Not all costs behave the same. Understanding how costs behave can help manager manage risk, improve budgeting, and make better decisions overall. Want to reduce the risk of your start-up company from going out of business? What to leverage your profitability from increased sales? Then let’s begin with an understanding of cost behavior.

Lesson 14: Cost Behavior – Fixed vs Variable Costs:

We continue to understand cost behavior. Why do some costs remain constant while others increase as we increase our operations? How can we improve our profit and loss reports so that managers get better information for internal decision making? We will discuss this and more in this lesson.

Lesson 15: Break-even point: