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Managerial Accounting: Cost Behaviors, Systems, and Analysis
  • Level Foundation
  • Duration 20 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

In this course, you will learn how to use accounting to facilitate and align decisions made by owners, managers, and employees. You will learn how accountants create, organize, interpret, and communicate information that improves internal processes and allows organizations to identify and leverage opportunities to create value within the supply chain and with customers. You will be able to: - Understand what managerial accounting is and why it is an important function for successful businesses - Identify problems associated with relying on financial accounting information for internal decision making - Organize cost information according to the decision-making needs of the organization - Apply activity-based costing (ABC) and recognize circumstances and decisions for which ABC systems are relevant - Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP in a variety of scenarios This course is part of Gies College of Business' suite of online programs, including the iMBA and iMSM.

Modules

About the Course and Your Classmates

    • 2 Videos
    • 7 Readings
    • 1 Quiz
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2 Videos

  • Welcome and Course Overview
  • Learn on Your Terms

7 Readings

  • Syllabus
  • About this Course: Ratings and Reviews
  • About the Discussion Forums
  • Glossary
  • Getting to Know Your Classmates
  • Updating Your Profile
  • Online Education at Gies College of Business

1 Quiz

  • Orientation Quiz

Module 1 Overview

    • 2 Readings
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2 Readings

  • Module 1 Overview
  • Module 1 Readings

Lesson 1.1: Course Introduction and Concept Overview

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Learning Objectives and What is Managerial Accounting
  • The Difference Between Financial and Managerial Accounting
  • Contemporary Issues
  • What We've Learned in Lesson 1.1

1 Quiz

  • Lesson 1.1 Practice Quiz

Lesson 1.2: Costing Concepts

    • 6 Videos
    • 1 Quiz
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6 Videos

  • Learning Objectives and Terminology
  • Cost Framework 1 - Objects
  • Cost Framework 2 - Behavior
  • Cost Framework 2 - Behavior Example
  • What We've Learned in Lesson 1.2
  • Module 1 Review

1 Quiz

  • Lesson 1.2 Practice Quiz

Module 1 Review

    • 1 Assignment
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1 Assignment

  • Managerial Accounting Concepts Quiz

Module 2 Overview

    • 2 Readings
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2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2.1: Financial Perspective and Costing System Approaches

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Learning Objectives and Flow of Costs Through Financial Statements
  • Two Traditional Systems
  • Extension - Overhead Costs
  • What We've Learned in Lesson 2.1

1 Quiz

  • Lesson 2.1 Practice Quiz

Lesson 2.2: The Problem of Fixed Costs

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Learning Objectives and Example Scenario
  • The Manager Did What?
  • What We've Learned in Lesson 2.2
  • Module 2 Review

1 Quiz

  • Lesson 2.2 Practice Quiz

Module 2 Review

    • 1 Quiz
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1 Quiz

  • Costing Systems I - Elements and Design Quiz

Module 3 Overview

    • 2 Readings
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2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3.1: Fundamental Concepts and Implications

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Learning Objectives and General Approach and Overview
  • Fundamental Components
  • ABC Organization and Steps to Implementation
  • What We've Learned in Lesson 3.1

1 Quiz

  • Lesson 3.1 Practice Quiz

Lesson 3.2: Applying Activity-Based Costing

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Learning Objectives and Steps Through an Example
  • Other Considerations
  • What We've Learned in Lesson 3.2
  • Module 3 Review

1 Quiz

  • Lesson 3.2 Practice Quiz

Module 3 Review

    • 1 Quiz
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1 Quiz

  • Costing Systems II - Activity-Based Costing Quiz

Module 3 Honors Assignment

    • 1 PeerReview
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1 Peer Review

  • Module 3 Mini-Project

Module 4 Overview

    • 2 Readings
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2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4.1: Foundations and Basic Analyses

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Learning Objectives and Cost-Volume-Profit Analysis Intro
  • Cost-Volume-Profit Analysis Example 1
  • Cost-Volume-Profit Analysis Example 2 - Taxes
  • What We've Learned in Lesson 4.1

1 Quiz

  • Lesson 4.1 Practice Quiz

Lesson 4.2: Multi-Product Scenarios and Related Concepts

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Learning Objectives and Cost-Volume-Profit Example 3 - Multiple Products
  • What We've Learned in Lesson 4.2
  • Module 4 Review

1 Quiz

  • Lesson 4.2 Practice Quiz

Module 4 Review

    • 2 Assignment
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2 Assignment

  • Cost-Volume-Profit (CVP) Analysis: Conceptual Quiz
  • Cost-Volume-Profit (CVP) Analysis: Quantitative Analysis Quiz

Congratulations

    • 2 Readings
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2 Readings

  • Congratulations on completing the course!
  • Get Your Course Certificate

Module 4 Honors Assignment

    • 1 PeerReview
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1 Peer Review

  • Module 4 Mini-Project

Auto Summary

Discover the essentials of managerial accounting with the course "Managerial Accounting: Cost Behaviors, Systems, and Analysis." This foundational course from the Gies College of Business, available on Coursera, delves into the role of accounting in enhancing decision-making for business owners, managers, and employees. Designed within the Business & Management domain, this course enables learners to understand the significance of managerial accounting, organize cost information effectively, and utilize activity-based costing (ABC) for relevant scenarios. Additionally, participants will master cost-volume-profit (CVP) analysis to tackle common "what-if" questions in various business contexts. Spanning approximately 1200 hours, this engaging course is perfect for those looking to build a solid foundation in managerial accounting. It's part of the prestigious Gies College of Business's online programs such as the iMBA and iMSM, making it an excellent starting point for aspiring business professionals. The course is accessible through a Starter subscription, offering flexibility and affordability. Ideal for individuals at the foundational level, this course is a must for anyone aiming to improve their internal business processes and capitalize on opportunities within the supply chain and customer relations. Enroll today to enhance your managerial accounting skills and drive value creation in your organization.

Gary Hecht, Ph.D.
Instructor

Gary Hecht, Ph.D.