Course Description

This course covers the fundamentals of managerial accounting. Topics include budgets, introduction to cost accounting, cost control techniques, methods of measuring performance and financial statement analysis.  There is a focus on how managers make effective financial decisions that support the organization's goals.

Personal Learning Outcomes

  1. Compute under/over applied overhead cost and close balance in manufacturing overhead.
  2. Compute equivalent units of production.
  3. Prepare income statements using both variable and absorption costing.
  4. Use activity-based costing to compute product and customer margins..     
  5. Prepare a budgeted income statement.
  6. Illustrate budgets and cost control techniques.
  7. Illustrate methods of measuring performance.
  8. Illustrate financial statement analysis.

Syllabus

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Course guide

Here is the course outline:

Getting Started
Welcome to your online course!
Week 1
Statement of Cash Flow
Week 2
Corporate Debt vs. Equity and Intro to Management Accounting
Week 3
Costing Methods
Week 4
Cost-Volume-Profit Analysis
Week 5
Flexible Budgets, Variances and Performance Measures
Week 6
Decision Making in Accounting
Final Exam
Exam on All of the Course Materials