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Managerial Accounting
Learn how to operate your organization more efficiently.Preview the first lesson free — get full access to all 46 lessons.
Essential Provider : Ronald Hough 7 chapters · 46 Lessons · 1h 50m in Arabic, English
Course Description
Managerial accounting supports an organization by providing managers with strategic financial analysis. This not only helps to make the organization more effective but also more efficient. This online accounting course teaches the fundamental aspects of a managerial accounting system. These fundamentals include forecasting and planning, performing variance analysis, and reviewing and monitoring costs to ensure profits are maximized.
What You'll Learn
- Apply the fundamentals of a managerial accounting system, including forecasting and planning
- Perform variance analysis to review and monitor costs
- Calculate the cost of producing a product using methods such as activity-based costing and tracking costs
- Conduct differential analysis including make-or-buy, leasing-or-buying, and scrapping-or-reworking decisions
- Apply quality and efficiency frameworks such as Total Quality Management, the Plan-Do-Check-Act cycle, Just-In-Time, and the Theory of Constraints
- Evaluate accounting information systems and the eight critical system stages
Key Takeaways
- Managerial accounting supports an organization by providing managers with strategic financial analysis that makes the organization more effective and more efficient.
- Core fundamentals of a managerial accounting system include forecasting and planning, performing variance analysis, and reviewing and monitoring costs to ensure profits are maximized.
- The course covers cost analysis methods including tracking costs, separating departmental costs, differential net revenue, and activity-based costing.
- Quality and process improvement approaches covered include Total Quality Management, the Plan-Do-Check-Act cycle, Just-In-Time, and the Theory of Constraints.
- Managerial accounting can have a significant impact through decisions such as make-or-buy analysis, leasing or buying capital equipment, and scrapping or reworking failed subassemblies or products.
Frequently Asked Questions
What does this managerial accounting course cover?
It teaches the fundamental aspects of a managerial accounting system, including forecasting and planning, performing variance analysis, and reviewing and monitoring costs to ensure profits are maximized.
What types of analysis and decision-making does the course teach?
The course covers different types of analysis such as cost of producing a product, separating departmental costs, differential net revenue, and activity-based costing, along with decisions like make-or-buy analysis, leasing or buying capital equipment, and scrapping or reworking failed subassemblies and products.
What quality and efficiency frameworks are included?
The course covers Total Quality Management, the Plan-Do-Check-Act cycle and its follow-up, Just-In-Time, and the Theory of Constraints.
What skills will I gain from this course?
You will build skills in accounting, accounting analysis, accounting management, management accounting, and managerial finance, relevant to a Certified Management Accountant.
