Managerial Accounting / Cost Accounting

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

Description

Comprehensive managerial and cost accounting course. Topics include:

· Job order costing

· Process costing

· Cost volume profit analysis

· Master Budgets

· Flexible Budgets

· Responsibility accounting

· Relevant costs

· Time value of money

This course will go into detail about each topic. We will include”

· Practice Excel files with both an answer tab and a practice tab

· 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.