Cost and Managerial Accounting - Part 1

These study notes cover the difference between financial and managerial accounting.

This video covers the difference between financial accounting and managerial accounting.

These study notes cover the concepts of missions, goals, and strategies, including what the difference is between each and how they all work together.

This video covers the concepts of missions, goals, and strategies, including what the difference is between each and how they all work together.

These study notes cover the Porter's Five Forces model and how businesses can use this to determine how to be successful in business.

This video notes cover the Porter's Five Forces model and how businesses can use this to determine how to be successful in business.

These study notes cover the topic of Ethics and the role that they play in business.

This video covers the topic of Ethics and the role that they play in business.

These study notes cover the various cost terms, classifications and other related concepts that are needed to continue on in Managerial Accounting.

This video covers the various cost terms, classifications and other related concepts that are needed to continue on in Managerial Accounting.

These study notes cover the "High-Low" method of cost estimation and prediction.

This video covers the "High-Low" method of cost estimation and prediction.

This exercise covers the High-Low method and the calculations necessary for it. The Excel document related to it is attached below and can be used to work the problem before reviewing the solution video.

This video discusses the concept of Activity-Based Costing and how it can provide for more accurate overhead allocation to the various products and services.

This exercise covers the topic of Activity Based Costing and a practice exercise on the topic. The Excel document related to it is attached below and can be used to work the problem before reviewing the solution video.

These study notes cover the topic of Cost Volume Profit analysis (CVP) and how managers use this to make decisions about the company. 

These videos cover the topic of Cost Volume Profit analysis (CVP) and how managers use this to make decisions about the company. 

These videos cover the topic of the Traditional vs. Contribution Margin Income Statement model and how they differ.

This exercise practices the concept of Cost-Volume-Profit analysis, also known as CVP. The Excel document related to it is attached below and can be used to work the problem before reviewing the solution video.

In this video, we will go through misc. CVP-related questions and calculations.

In this video we go through a more complex version of break-even point analysis for when the company has multiple products.

These study notes cover the topic of relevant costs and how to determine which costs should be used in the decision making process.

These study notes cover the special managerial decision related to the acceptance or denial of a special order.

This video covers the special managerial decision related to the acceptance or denial of a special order.

These study notes cover the special managerial decision related to whether the company should continue to make their part internally or buy it from an outside party (outsourcing.)

This video covers the special managerial decision related to whether the company should continue to make their part internally or buy it from an outside party (outsourcing.)

This practice exercise covers the special managerial decision related to whether the company should continue to make their part internally or buy it from an outside party (outsourcing.) The Excel document related to it is attached below and can be used to work the problem before reviewing the solution video.

These study notes cover the special managerial decision related to whether the company should sell their products at the split off point or continue to process them further to sell them at a higher price.

This video covers the special managerial decision related to whether the company should sell their products at the split off point or continue to process them further to sell them at a higher price.

This Excel practice exercise covers the special managerial decision related to whether the company should sell their products at the split off point or continue to process them further to sell them at a higher price. The Excel document related to it is attached below and can be used to work the problem before reviewing the solution video.

These study notes cover the special managerial decision related to which products the company should focus on when dealing with scarce or limited resources.

This video covers the special managerial decision related to which products the company should focus on when dealing with scarce or limited resources.

This Excel exercise covers the special managerial decision related to which products the company should focus on when dealing with scarce or limited resources. The Excel document related to it is attached below and can be used to work the problem before reviewing the solution video.

These study notes cover the topic of job order costing and the distinction of product versus period costs.

This video covers the topic of job order costing and the distinction of product versus period costs.

These study notes cover the topic of absorption versus variable costing and how it impacts the determination of costs for various products or services.

These study notes cover the topic of absorption versus variable costing and how it impacts the determination of costs for various products or services.

These study notes cover the formatting and calculation of the Cost of Goods Manufactured statement, where the information comes from and where it ultimately flows to.

This link will take you to the downloadable text book/study notes for the topics we have covered in the course. This is in PDF format and is for you to use in your studies.