Buy Now AED 274.99 + VAT

Monthly Subscription Starting at AED 99 + VAT

Managerial Accounting Fundamentals
  • Level Foundation
  • Duration 13 hours
  • Course by University of Virginia
  • Offered by

About

This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. You'll learn about cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions. By the end of this course, you will be able to: - Describe different types of costs and how they are represented graphically - Conduct cost-volume-profit analyses to answer questions around breaking even and generating profit - Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems - Distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision - Determine a reasonable course of action, given the financial impact, for a given management decision

Modules

Welcome to the Course!

    • 1 Videos
    • 1 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Introduce Yourself

1 Videos

  • Welcome and Course Overview

1 Readings

  • Course Overview

Introduction to Managerial Accounting

    • 3 Videos
Show info about module content

3 Videos

  • What Is Managerial Accounting?
  • Three Sets of Books
  • Financial Versus Managerial Accounting

Cost Behavior

    • 11 Videos
Show info about module content

11 Videos

  • Different Costs for Different Purposes
  • Different Costs in More Detail
  • Cost Behavior
  • Using a Line to Represent Cost Behavior
  • Estimating Cost Functions Using Scatter Plots
  • Your Turn: Estimating Cost Functions Using Scatter Plots Problem 1
  • Your Turn: Estimating Cost Functions Using Scatter Plots Problem 2
  • Estimating Cost Functions Using the High-Low Method
  • Your Turn: Estimating Cost Functions Using the High-Low Method Problem 1
  • Your Turn: Estimating Cost Functions Using the High Low Method Problem 2
  • Important Caveats

Week 1 Assessments

    • 2 Assignment
Show info about module content

2 Assignment

  • Week 1 Practice Quiz
  • Week 1 Graded Quiz

Week 1

    • 1 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Week 1 Honors Graded Quiz

1 Videos

  • JW Sports Supplies Case Introduction

1 Readings

  • Welcome to Honors!

Cost-Volume-Profit Analysis

    • 15 Videos
    • 1 Discussion
Show info about module content

1 Discussions

  • Friendly Reminder

15 Videos

  • Week 2 Overview
  • What Is CVP Analysis?
  • Functional Versus Contribution Margin Income Statements
  • Breakeven Analysis
  • Your Turn: Breakeven Analysis Company A
  • Your Turn: Breakeven Analysis Company B
  • Your Turn: Breakeven Analysis Company C
  • Your Turn: Breakeven Analysis Company D
  • Interested in Doing More than Breakeven?
  • Your Turn: Doing More than Breakeven Company A
  • Your Turn: Doing More than Breakeven Company B
  • Your Turn: Doing More than Breakeven Company C
  • Your Turn: Doing More than Breakeven Company D
  • CVP Analysis with Multiple Products
  • Your Turn: CVP Analysis with Multiple Products

Week 2 Assessments

    • 2 Assignment
Show info about module content

2 Assignment

  • Week 2 Practice Quiz
  • Week 2 Graded Quiz

Week 2 - Prepare an Income Statement

    • 1 PeerReview
    • 2 Assignment
Show info about module content

2 Assignment

  • Week 2 Honors Graded Quiz 1
  • Week 2 Honors Graded Quiz 2

1 Peer Review

  • Preparing Functional and Contribution Margin Income Statements

Cost Allocation

    • 14 Videos
Show info about module content

14 Videos

  • Week 3 Overview
  • The Flow of Costs
  • The Flow of Costs in More Detail
  • Cost Systems
  • Allocating Overhead Costs
  • Designing Cost Allocation Systems
  • Your Turn: Allocating Overhead Costs Problem 1
  • Your Turn: Allocating Overhead Costs Problem 2
  • Traditional Cost Allocation Systems
  • Activity-Based Costing
  • Beyond Manufacturing Costs
  • Your Turn: Activity-Based Costing Problem 1
  • Your Turn: Activity-Based Costing Problem 2
  • To Use Activity-Based Costing or Not?

Week 3 Assessments

    • 2 Assignment
Show info about module content

2 Assignment

  • Week 3 Practice Quiz
  • Week 3 Graded Quiz

Week 3

    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Week 3 Honors Graded Quiz

1 Readings

  • JW Sports Supplies Case (Part B)

Relevant Costs and Benefits

    • 13 Videos
Show info about module content

13 Videos

  • Week 4 Overview
  • Relevant Costs and Benefits
  • Important Terms
  • Relevant Costs in an Example
  • Your Turn: Relevant Costs and Benefits
  • Special Order Decision
  • Your Turn: Special Order Decision
  • Make or Buy Decision
  • Your Turn: Make or Buy Decision
  • Keep or Drop a Product Line Decision
  • Your Turn: Keep or Drop a Product Line Decision
  • Product Mix Decisions
  • Your Turn: Product Mix Decisions

Week 4 Assessments and Conclusion of the Course

    • 1 Videos
    • 2 Assignment
Show info about module content

2 Assignment

  • Week 4 Practice Quiz
  • Week 4 Graded Quiz

1 Videos

  • Course Conclusion

Auto Summary

Enhance your managerial decision-making skills with the "Managerial Accounting Fundamentals" course, crafted by esteemed faculty at the Darden School of Business, University of Virginia. This foundational course in the Business & Management domain dives deep into essential managerial accounting principles, such as cost behavior, cost allocation systems, and cost-volume-profit analysis. Guided by top-ranked instructors, you will master the ability to: - Interpret and represent different types of costs graphically. - Perform cost-volume-profit analyses to determine break-even points and profit potential. - Calculate and allocate overhead rates using both traditional and activity-based costing methods. - Identify relevant costs and benefits for informed decision-making. - Make sound financial decisions based on comprehensive cost assessments. The course spans 780 minutes of immersive content and is available through Coursera with flexible subscription options, including Starter, Professional, and Paid plans. Perfect for those at a foundational level, this course is ideal for aspiring managers and business professionals eager to strengthen their financial acumen and enhance their managerial capabilities.

Luann J. Lynch
Instructor

Luann J. Lynch