Managerial Accounting Fundamentals

About this Course

This course, developed on the Darden Faculty of Enterprise on the College of Virginia and taught by top-ranked college, will educate you the basics of managerial accounting together with how you can navigate the monetary and associated info managers want to assist them make choices. You’ll study price habits and price allocation methods, how you can conduct cost-volume-profit evaluation, and how you can decide if prices and advantages are related to your choices.

By the tip of this course, it is possible for you to to: – Describe several types of prices and the way they’re represented graphically – Conduct cost-volume-profit analyses to reply questions round breaking even and producing revenue – Calculate and allocate overhead charges inside each conventional and activity-based price allocation methods – Distinguish prices and advantages which can be related from these which can be irrelevant for a given administration determination – Decide an inexpensive plan of action, given the monetary impression, for a given administration determination

WHAT YOU WILL LEARN

• Several types of prices and the way they’re represented graphically

• Price-volume-profit analyses to reply questions round breaking even and producing revenue

• The right way to calculate and allocate overhead charges inside each conventional and activity-based price allocation methods

• The right way to distinguish prices and advantages which can be related from these which can be irrelevant for a given administration determination

Syllabus – What you’ll be taught from this course

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WEEK

1

3 hours to finish

MANAGERIAL ACCOUNTING AND COST BEHAVIOR

Welcome to the course — we’re glad you’re right here! Throughout this primary week, we’ll distinguish managerial from monetary accounting, together with the monetary and associated info managers want to assist them make choices. We’ll then transfer on to price habits together with several types of prices, their classifications, and the way these classifications assist with decision-making. From there, we’ll present how you can use a scatterplot and the high-low methodology to estimate price features. Let’s get began!

WEEK

2

5 hours to finish

COST-VOLUME-PROFIT ANALYSIS

Now that we’ve discovered the basics of price habits, we’re prepared to maneuver on to discussing the relationships between price construction, quantity, worth, and revenue. We’ll then see why these relationships matter as we conduct cost-volume-profit analyses to reply questions round breaking even and producing revenue.

WEEK

3

3 hours to finish

COST ALLOCATION

After studying how you can conduct cost-volume-profit analyses, we’re prepared to debate price allocation and the several types of methods we are able to use: conventional and activity-based. From there, we’ll learn to calculate overhead charges and allocate overhead inside each sorts of methods.

WEEK

4

2 hours to finish

RELEVANT COSTS AND BENEFITS

In our closing week, we’ll focus on prices and advantages, and achieve an understanding of these which can be related for a given determination. We’ll consider the monetary impression of a given determination, then decide an inexpensive plan of action.