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Keep shoppingUsing Managerial Accounting to Run a Business
85 students
Using Managerial Accounting to Run a Business
How managers and business owners use accounting to run more efficient organizations.
Created byVincent Turner
Last updated 10/2017
English
English [Auto],
What you'll learn
- At the end of the course, students will have an understanding of basic issues addressed in the field of managerial accounting.
- This course introduces you to the field of managerial accounting. This discipline is vast but in one hour you will get an insight into what this subject can do for your enterprise. You then might want to pursue more extensive classes.
- Learn how to determine your break even point. This valuable concept will guide your organization on what it takes to begin enjoying a profit.
- How do manufacturing enterprises determine how to distribute their overhead costs to the products they build? The POR (Predetermined Overhead Rate) will pave they way for knowing your product's cost.
- Some costs vary and some remain fixed. Your budgeting will improve by understanding the behavior of costs.
- And some costs are mixed - partly variable and partly fixed. Learn how to calculate which part varies and which part will remain fixed. This is a powerful budgeting tool.
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Course content
3 sections • 10 lectures • 1h 4m total length
Requirements
- This is an introductory course. It has no prerequisites but you will benefit more if you have had exposure to a beginning financial accounting course.
Description
In an hour you can gain insight into how managerial accounting uses financial information to make a more profitable enterprise. You will also acquire useful skills that you can put to work immediately! And you will be more conversant with bankers, Chief Financial Officers, entrepreneurs and other financial experts.
You will explore key concepts such as How to Break Even, Budgeting, Forecasting Expenses and Increasing Your Profit. This is an ideal course for anyone studying business or managing an enterprise.
The course makes the material easy to understand. You will not have to bother with debits and credits. (And you will not be staring at Powerpoint Slides.)
Who this course is for:
- Students, managers and entrepreneurs. Anyone who wants to know more about how accounting is used in decision making will appreciate this introductory course.